BOEM makes another move to open up access to offshore critical minerals Aiming to advance exploration and development of offshore critical minerals, the Bureau of Ocean Energy Management has announced proposed revisions to its regulations governing hard mineral resources on the U.S. Outer Continental
VIDEO: Salvage plan for grounded barge Defiant approved A unified command yesterday approved the final salvage plan to remove the grounded barge, Defiant, from the rocks off the San Felipe del Morro Castle shoreline, Puerto Rico. As we reported earlier, the
Nam Cheong books newbuild orders for four advanced OSVs One of Southeast Asia's leading OSV shipbuilders - Malaysia-based Nam Cheong - has booked its first newbuild contracts in over a decade. Worth over $64.5 million they come from a UAE-based client
TTB 2026: Reviving aging assets while minimizing downtime As operators grapple with the realities of a steadily aging U.S. vessel fleet, maintenance strategy and lifecycle management are becoming central to operational resilience. At Marine Log's Tugs, Towboats & Barges (TTB
Op-Ed: Fuel cells to deliver fossil-free power As the maritime industry transitions away from fossil fuels, fuel cells are increasingly being viewed not as a single solution, but as a flexible electrification platform capable of supporting multiple decarbonization pathways.
Cheniere celebrates 10 years of U.S. LNG exports Houston-headquartered Cheniere Energy, Inc. (NYSE: LNG) today celebrates the 10th anniversary of its first export cargo of liquefied natural gas. On February 24, 2016, Cheniere loaded the Asia Vision with LNG produced
Fincantieri launches first of four next-gen Italian Navy OPVs Fincantieri's Riva Trigoso shipyard has launched the Ugolino Vivaldi, the first of four advanced Italian Navy offshore patrol vessels (OPVs) being built under a contract awarded the Orizzonte Sistemi Navali joint venture
Oversupply and military threats cast shadow on shipping's return The container shipping industry stands at a precarious crossroads in February 2026, where a tentative return to the Red Sea route collides head-on with severe structural oversupply, amplifying pain for carriers already battered by collapsing freight rates
Sea-Intelligence: 2026 starts with global schedule reliability of 62.4% Sea-Intelligence has published issue 174 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including January 2026. Source: Sea-Intelligence.com, GLP Report, issue 174 In January 2026, global industry schedule reliability dropped by -0.4 percentage points M/M to 62.4%, the highest monthly figure in 2021-2026. On a Y/Y level, schedule reliability was up 11.0
Neptune updates ancillary surcharges Neptune has announced revisions to its ancillary surcharges applicable to Australian terminal and third-party service provider charges, taking effect March 25, 2025. The updated schedule covers a range of operational fees. Late receival is set at AU$ 550 per unit, while a PONDUS weight amendment will attract a charge of AU$ 350 per unit. Change of status requests are priced at AU$ 150 per request
PIL gets license to operate in Saudi Ports The Saudi Ports Authority (Mawani) has issued a unified license to P IL , officially recognizing it as an authorized foreign investor in the Kingdom's ports. The license follows the Maritime Agency Services regulations and aims to boost efficiency and operational quality at Saudi ports. It also encourages knowledge transfer and aligns local practices with international standards. PIL, headquarter
Explainer: Why legal clarity could create commercial paralysis Constitutional ruling against Trump's emergency tariffs eliminates US$175 billion in duties but leaves shipping industry navigating refund black holes, authority whack-a-mole, and investment paralysis extending into 2027
AD Ports breaks ground on Khalifa Port LPG Terminal AD Ports Group and Nimex Terminals have broken ground on the UAE's first private-sector LPG terminal at Khalifa Port . The project marks a major step in expanding the country's energy logistics infrastructure. The companies first announced the terminal in November 2025, alongside plans for an LNG hub. They will build large-scale refrigerated storage and marine handling facilities for propane, but
Grangemouth port acquires new cranes Liebherr Container Cranes has completed a structural upgrade to two ship-to-shore gantry cranes at the Port of Grangemouth, Scotland's largest container terminal. The phased schedule was designed to limit disruption to ongoing port operations throughout the project. The two upgraded cranes were originally delivered in 2006 and had been in continuous service for nearly two decades. The raise exten
ONE expands Belawan service Ocean Network Express has announced an extension to its Belawan Service 1, known as BMX, adding Kuala Tanjung in North Sumatra, Indonesia as a new port of call. The enhancement takes effect with the arrival of MV Sinar Sunda at Kuala Tanjung on March 9, 2026. The updated port rotation will follow a Singapore-Belawan-Kuala Tanjung-Singapore sequence, strengthening connectivity between Singapore an
CMA CGM announces rate adjustments across multiple trade lanes CMA CGM has notified customers of a series of freight rate changes covering three distinct trade corridors, all taking effect during March 2026. Starting March 1, the carrier will apply an Overweight Surcharge of US$ 250 per 20-foot container on dry cargo shipments originating from West Mediterranean ports and destined for the US East Coast, where the container gross weight exceeds 19 tonnes. Out
Klaipeda's green hydrogen station moves toward commissioning The green hydrogen production and refuelling station at the Port of Klaipeda is advancing through its testing phase, with operations expected to commence by mid-2025. Construction and equipment installation are now largely complete, marking a significant transition in the project's development timeline. Algis Latakas, CEO of the Klaipeda State Seaport Authority, described the current stage as cri
Zim strike ends after $300m severance deal with Hapag-Lloyd According to Calcalist, the strike at Zim Integrated Shipping Services has ended after a breakthrough agreement with acquiring carrier Hapag-Lloyd , removing a key obstacle to the planned takeover. Employees returned to work after negotiations between the workers' union, Zim management and Hapag-Lloyd led to an agreement in principle. Under the emerging framework, around 120 of Zim's roughly 1,00
Hapag-Lloyd and DSV sign 18,000-tonne CO2e decarbonization deal Hapag-Lloyd and DSV have expanded their decarbonization partnership with a two-year Ship Green framework agreement covering 18,000 tonnes of CO2e emission reductions. The agreement, starting in 2026, focuses on Scope 3 greenhouse gas reductions generated through the use of sustainable marine fuels in Hapag-Lloyd's fleet. The reductions are calculated on a well-to-wake basis. Under the deal, DSV w
KMTC combines loops to form new Japan-Philippines Express service KMTC has announced the consolidation of two existing routes into a single, integrated service. The carrier will merge the Busan-Japan JEK1 and the Busan-Philippines PMX loops to create the new Philippines-Japan Express (PJX). Consequently, this change streamlines connections between South Korea, Japan, and the Philippines. The new PJX service will utilize three vessels, each with a capacity of 1,
Explainer: How rivals are betting together on a broken corridor Two investments, days apart, taking place in Red Sea region, in the ports of Jeddah and Damietta are responses to the same structural signal
UK hits shadow fleet and LNG trades in fresh Russia sanctions push The UK has rolled out its largest sanctions package against Russia since the early months of the war in Ukraine, with oil tankers and LNG shipping among the main targets as London looks to squeeze Moscow's energy revenues. Nearly 300 entities have been sanctioned in the new measures announced Tuesday, with the government focusing heavily ...
Orkim secures MR2 charter with Petronas trading unit Malaysian tanker owner and operator Orkim has entered into a time charter contract for one of its vessels with Petronas' trading arm, PETCO Trading Labuan Company. Under the contract, the charter period is for six months commencing from the end of February 2026, with an option to extend for a further six months. According to ...
US naval forces board sanctioned Iran-linked tanker in Indian Ocean US naval forces have boarded the Cook Islands-flagged tanker Bertha within the US Indo-Pacific Command Area of Responsibility in the Indian Ocean. The US Department of War stated that forces conducted a "right-of-visit maritime interdiction and boarding" overnight without incident. The Department said on X that the 2004-built vessel was operating in defiance of "President ...
DHT fixes VLCC above $100,000 a day New York-listed tanker owner DHT Holdings has secured another high-paying long-term charter, fixing one of its oldest VLCCs at a rate above $100,000 per day. The Svein Moxnes Harfjeld-led company has sealed a one-year charter deal for the 2011-built DHT Redwood at $105,000 per day. The contract is set to kick off in March 2026 ...
Technip Energies advances Mozambique's second FLNG project French-based engineering and technology company Technip Energies, in partnership with JGC and Samsung Heavy Industries, has been awarded a significant contract by the Eni-led Mozambique Rovuma Venture to progress work on the Coral Norte FLNG project. This significant contract builds on the previously announced early works contract and confirms the continued advancement of Technip Energies' ...
Is third-party shipmanagement an anachronism or an industry at a crossroads? Sunil Kapoor on the future of shipmanagement. It's all about differentiation, he argues. "Traditional third-party ship management has become an anachronism. It must evolve - or it will wither on the vine and surely die." For the past four years, this statement has echoed across conferences and boardrooms. It is often delivered with conviction, framed ...
AF Offshore Decom and HMC win UK North Sea platform removal contract Decommissioning specialist AF Offshore Decom, in consortium with Heerema Marine Contractors (HMC), has been awarded a contract for the engineering, preparation, removal, and disposal of an unnamed North Sea platform on the UK Continental Shelf. The facility features a steel structure, with the topsides weighing approximately 27,500 tonnes and the supporting structure around 12,000 tonnes, ...
SDHI deepens shipbuilding revival with OSV completion deal India's Swan Defence and Heavy Industries Limited (SDHI) has won a contract to complete five offshore support vessels for San Maritime India. San Maritime has begun docking the vessels at SDHI's shipyard in Pipavav for completion under IR Class and subsequent delivery. The completion of San Maritime's five OSVs will strengthen Indian-flag tonnage and offshore ...
Zvi Schreiber steps away from Freightos Making a profit in shipping's digitalisation drive is not easy, as evidenced at NASDAQ-listed Freightos, a pioneering container booking platform, where, after 14 years its founder and CEO has decided to leave the company. Zvi Schreiber, the Israeli tech entrepreneur, has walked away from Freightos, one of container shipping's most high-profile digital platforms, citing a ...
Saipem lands $500m offshore deal from Aramco Italian energy services contractor Saipem has been awarded an additional offshore contract in Saudi Arabia under its existing long-term agreement with Aramco. Saipem's scope of work includes engineering, procurement, construction, and installation of a 48-inch trunkline comprising approximately 65 km offshore and 12 km onshore, along with associated subsea facilities in the Safaniya oil field, ...
EU extends Red Sea naval mission The European Council has decided to extend the European Union's maritime security operation, EUNAVFOR ASPIDES, to safeguard freedom of navigation in relation to the Red Sea crisis until February 28 next year, albeit on a smaller annual budget. "The decision reflects the EU's continued commitment to maritime security, regional stability and the protection of global ...
Maersk and MSC handed temporary running of Hutchison's Panamanian terminals Maersk and Mediterranean Shipping Co (MSC) have moved in to run key terminals at the entrances to the Panama Canal after Panama published a Supreme Court ruling annulling long-running concessions held by CK Hutchison's Panama Ports Company (PPC), clearing the way for an immediate handover and an 18-month transition. The official gazette publication finalises the ...
EU's Russia maritime services ban fails to pass European Union ministers failed to clinch a ban on maritime services to Russia and have delayed adoption of the bloc's 20th sanctions package. Opposition to the move was led by Hungary. Negotiators remain split over proposals that would have curtailed insurance, classification and shipmanagement services to Russian operators - measures Brussels argued would choke Moscow's ...
SplashTech launches to chart the future of shipping Today sees the launch of SplashTech, a one-stop-shop for all your shipping technology business news well as tech-related updates, giving readers all their shipping technology news in one source. With dedicated social media channels, and a weekly digest, SplashTech delivers all the key news shaping the future of shipping from across the world in the ...
Slow pace of tariff refunds could mute container shipping upside A mega-refund of tariffs to US importers should be a tailwind for container shipping sentiment and demand. However, if refunds...
TOP Ships agrees takeover of Pistiolis tanker newbuilds Nasdaq-listed owner to purchase nine MR2s recently booked in China by shipowner's private company Central Mare
US boards another runaway Venezuela tanker in Indian Ocean US forces boarded another tanker that escaped its shadow fleet 'quarantine' in the Caribbean, marking the 10th since boarding of...
Alexandratos re-elected as Hellenic Chamber president Dry cargo shipowner wins first full term as president after taking reins last year from predecessor George Pateras
Trio of P&I clubs clock up growth in entered tonnage This year's P&I renewal round takes place amid heightened geopolitical risk, regulatory complexity and continued volatility across global shipping markets
MPC Container Ships chief says volatility here to stay amid trade tensions and Red Sea uncertainty MPCC believes that fleet renewal is its primary strategic lever as the company has continued to divest older ships while...
ETFuels inks first binding e-methanol offtake deal with RFOcean ETFuels will sell green methanol to chemical tanker owner RFOcean at a fixed price from 2030. RFOcean said the deal...
Case closed? Vitol and Tinos I owners end litigation At least one part of the Tinos I saga - an admiralty suit brought on by its former charterer Vitol...
Container front-loading rush unlikely as China opposes tariffs and Asia remains cautious Most Asian countries will see trade-weighted tariff rates ease, but it is unclear how long this situation will last
UK targets '2Rivers' shadow fleet network in Russia sanctions push The UK unveils its largest list of Russian shadow fleet sanctions targets to coincide with the four-year anniversary of the...
Hutchison ousted from Panama terminals as APMT and TIL take control APM Terminals and MSC's TIL have assumed respective control of Hutchison's affiliated terminals in the ports of Balboa and Colón...
The Daily View: Unhappy anniversary
Trump's Supreme Court defeat could make future tariffs even worse US President Donald Trump is not backing off from tariffs after his court loss. He is doubling down. Levies on...
Daily Briefing Trump's Supreme Court defeat could make future tariffs even worse | Venezuela's shadow fleet sits idle after US intervention |...
IEEPA tariff decision prompts flood of correction tools for refunds, customs entries A number of forwarders and software vendors are providing products, often for free, to help shippers and customs brokers calculate refunds they may have coming following Friday's Supreme Court ruling.
Hapag-Lloyd inks new sustainable biofuel deal with DSV The forwarder has contracted a total of 18,000 tonnes of CO2 equivalent emission reductions on a well-to-wake basis that will be derived through the carrier's Ship Green product.
No clear path to get IMO's net-zero framework over the line: industry experts Whatever measure is ultimately agreed to by member states, decarbonization experts agree the IMO's revised emissions reduction targets set in 2023 will need to be pushed back.
Maersk, MSC units begin interim management of Panama Canal terminals APMT and TiL will operate the Balboa and Cristobal terminals, respectively, for 18 months while Panama's government considers how best to award long-term contracts after nullifying the 28-year concession held by CK Hutchison.
Matson earnings rocket past expectations as 2026 outlook comes into view First-quarter operating income poised to dip but full-year looks brighter
UK hits insurer Maritime Mutual with sanctions over Russian shadow fleet links Paul Rankin-led organisation already facing criminal investigation in New Zealand for suspected sanctions breaches
Mentor, mariner and US shipping stalwart Charles Nolfo dies at 81 After spending 31 years at Maritime Overseas and OSG, Nolfo guided Liberty Maritime leaders
Everllence gears up for delivery of first ammonia engine Engine designer poised to announce new partnership on ethanol engines with South American mineral producer
Cheniere celebrates 10th birthday and nearly 5,000 LNG export cargoes 'We are just getting started,' says chief Jack Fusco as he eyes 100 mtpa of production
Here's how much shipowners have saved up to invest in US-built tonnage US shipowners and shipyards using tax-deferred accounts
Iranian oil exports surge as US attack edges closer Officials set to meet on Thursday in move that could boost the tanker market further
Swiss trader and shipowner hires Norden executive as global head of freight Jonas Nissen will run freight operations from Denmark
Trio of German shipowners cash in on firm prices with series of sales Leonhardt & Blumberg, Rickmers and Bunnemann are among the names selling vessels
DAC Beachcroft adds experienced shipping lawyer Langton from LA Marine Insurance specialist also bolsters its global shipping practice with Clyde & Co's Miranda Karali
US forces seize runaway tanker tied to Iran and Venezuela 'International waters are not a refuge for sanctioned actors,' officials declare
DHT tipped for $150m profit bounce powered by landmark time charters Analysts have made major revisions to US-listed owner's profit outlook this year
DHT scores new high as VLCC spot rates surge past $200,000 per day 2015-built tanker secures $208,000 from Bahri
Indian shipbuilder to complete vessels 17 years after initial order that fell flat Delayed PSVs were cancelled by state oil company ONGC in 2018
LR2s predicted to struggle with newbuilding deliveries, Vortexa says Clean-to-dirty switching bailed the market out last year, but that will be harder in 2026
Record UK sanctions hit 48 tankers and two LNG ships on invasion anniversary Biggest package since 2022 was announced to mark four years since the war in Ukraine began
NYK named as likely upcoming joint venture partner for Avenir LNG Is Stolt-Nielsen's long-standing teammate set to expand its LNG bunkering footprint?
Frontline linked to new record VLCC period rate as Mercuria moves for tankers Deal for 2019-built ship would be worth $40m over 12 months
Angelicoussis scores new high as VLCC spot rates zero in on $200,000 per day Greek ship secures $199,000 per day as big names take profit in hot market
Panama 'confiscates' CK Hutchison port terminals after top court ruling Hong Kong conglomerate vows legal fight over Balboa and Cristobal takeover
Board clash prompts Freightos founder Zvi Schreiber to quit top role Departure comes as container booking platform looks to break even in 2026
Indian shipbuilder to complete vessels ordered 17 years ago Delayed PSVs were cancelled by state oil company ONGC in 2018
Andreas Zissimatos strikes tanker and bulker management deal with V.Ships Greek owner agrees technical management contract for eight-ship fleet
Dozens of dark fleet tankers could have Russian security guards on board Court testimony puts Russian security personnel on aframax nabbed by UK and French forces last year
Stainless Tankers downgraded by Fearnley as it claims 'success story' nearing end Fearnley Securities lowers owner to 'hold' as stock trades around break-up value
Seglem family firm TS Shipping Invest lists $150m bond in Oslo Fleet expansion targeted with big issue in Norwegian capital
MPC Container Ships projects strong performance in 2026 as charter coverage boosted Shares rise in Oslo after positive report
Sinokor strikes again: VLCC buyer raids Dynacom fleet for another giant crude carrier Tanker-hungry South Korean shipowner snaps up fifth tanker in February
Steam-powered LNG carriers face a lacklustre year, says MISC's Zahid Osman President and group CEO of Malaysian energy shipping giant comments as company posts 41% profit jump for 2025
China blacklists Japanese shipbuilders in export control move Curbs on dual-use items may ripple into yard supply chains as deteriorating Sino-Japan relations hit shipbuilding sector
Uni-Fuels opens branch in Bangkok Singaporean bunker firm opened branches in Dubai, Shanghai and Limassol in 2025
Sinokor strikes again: VLCC buyer raids the Dynacom fleet for another giant crude carrier Tanker-hungry South Korean ship owner snaps up fifth tanker in February
How dark fleet deals are driving down scrap prices for tankers in India Indian ship recyclers continue to feast on US-sanctioned tonnage, with two more hitting the beach at Alang
Ukraine's Naftogaz Group locks in first LNG supply via German terminal On eve of the fourth anniversary of Russia's invasion of Ukraine, a new gas import route opens up
Intermodal union, BNSF in new pact BNSF Railway said it has reached a new five-year, collective bargaining agreement with members of the Transportation Communications Union/IAM (TCU) intermodal group. The agreement covers 746 union employees at BNSF Cicero, Corwith, Seattle, and Memphis Intermodal facilities. BNSF (NYSE: BRK-B ), based in Fort Worth, Texas, said that the agreement calls for a pay raise of 17.5% over five years, re
Legislation to kill double brokering hits Senate floor WASHINGTON - A legislative effort to purge fraudulent brokers from the supply chain is now eligible for consideration by the full Senate after being placed on the Senate calendar on Monday. The Household Goods Shipping Consumer Protection Act takes direct aim at fraud in the household goods sector, but its enforcement provisions and registration requirements would apply to all freight carriers an
Florida carrier with 57 drivers files for Chapter 11 bankruptcy Standard Freight Logistics Inc., an over-the-road carrier based in St. Augustine, Florida, has filed for Chapter 11 bankruptcy protection. The company filed its voluntary petition on Monday listing estimated assets between $100,000 and $500,000 and liabilities between $500,000 and $1 million, according to court records. The case was filed in the Middle District of Florida and seeks to allow the c
Freightos stock plummets after founder resigns Shares of Freightos Limited ( CRGO ) fell roughly 30% shortly after the digital freight platform announced its founder Zvi Schreiber would step down from its board of directors, effective Thursday. Stock prices for Freightos fell from around $2.30 per share to around $1.50 coinciding with Schreiber's resignation announcement and the company's Form 6-K earnings report published on Monday. The comp
Customer sues FedEx for refund after Supreme Court rejects Trump tariffs The chase to recoup tariff payments made to the U.S. government under the overturned International Emergency Economic Powers Act is trickling down the supply chain. Even before FedEx Corp. sued the Trump administration on Monday for a "full refun"" of money collected under a series of broad presidential tariff orders deemed unlawful by the Supreme Court, a FedEx customer filed a class-action suit
For 7th straight week, benchmark diesel price is higher After some stability in the futures market for ultra low sulfur diesel (ULSD) signaled retail prices might stop rising, a renewed surge has led to a big move in the weekly benchmark price published Tuesday. The Department of Energy/Energy Information Administration average weekly retail diesel price rose 9.8 cents/gallon Monday, published a day later, to $3.809/g. It's the seventh consecutive inc
CSX CEO: Flat industrial results holding back railroad freight growth CSX Chief Executive Steve Angel says it should be no surprise that railroads are struggling to grow their freight volumes. "When you look around the world, there really isn't much growth," Angel told an investor conference in his first detailed public remarks outside of earnings calls since becoming CEO in September. China is no longer a growth engine, Europe has never been a source of growth, an
RXO: TL market seeing 'biggest structural change' since deregulation Freight broker RXO said it expects truckload spot rates to run ahead of contract rates in the coming months, noting "the capacity situation is much more fragile than at any point since 2022." RXO's ( NYSE: RXO ) proprietary spot rate index was up 5.2% year over year in the fourth quarter after increasing just 1.8% in the third quarter. The latest period snapped a three-quarter trend of decelerati
FedEx sues for tariff refund as Trump threatens new 'obnoxious' levies Global shipping giant FedEx has sued the U.S. government seeking a full refund of emergency tariffs imposed by President Donald Trump, days after the U.S. Supreme Court ruled the duties illegal. FedEx (NYSE: FDX) filed its complaint in the U.S. Court of International Trade, asking for reimbursement of all tariffs it paid under the International Emergency Economic Powers Act (IEEPA), the statute t
Expeditors numbers reflect difficult ocean freight market in 4Q With weakness in its ocean freight business, Expeditors International turned in a fourth quarter 2025 performance that was weaker in several key financial benchmarks than a year earlier. Ocean freight tonnage was down year-to-year by 8% in October, 7% in November and 4% in December. That resulted in an overall decline of 6%. That helped lead to an overall 3% decline in revenue for the company, dr
SONAR Launches 30-Day Free Trial of Blue to Blue iOS App for First-Time Users SONAR, the leading freight market intelligence platform, today announced a limited-time promotion offering its Blue to Blue iOS app free for 30 days to first-time users. The promotion runs through March 31, 2026 , giving freight professionals full access to real-time lane-level intelligence directly from their mobile devices. Built for brokers, carriers, and shippers who need actionable data in m
27 inches of snow closes Maersk, other New York-New Jersey terminals Vessel operations remain suspended at container terminals at the Port of New York-New Jersey following a storm that dropped more than two feet of snow on the busiest East Coast gateway. "Following one of the most severe winter storms the [port] has experienced in decades, APM Terminals Elizabeth will remain closed on Wednesday," the Maersk ( MAERSK-B.CO ) terminal said in a service alert. Clean-u
Cartel violence disrupts Mexico trade corridors, but freight still moving A deadly military operation targeting the leadership of the Jalisco New Generation Cartel (CJNG) has rattled western Mexico's logistics network, disrupting ports, airports and key inland freight corridors critical to U.S.-Mexico trade. Mexico's National Security Secretary reported Monday that 25 members of the country's National Guard were killed in clashes in the state of Jalisco. Eight members
Project44 hits milestone with positive cash flow, 48% Q4 ARR growth FreightTech leader project44 announced its first quarter of positive Operating Free Cash Flow on Tuesday, capping a strong fiscal year 2026 (FY26) marked by robust growth and AI-driven advancements. This threshold represents meaningful progress over Q3 2025, the first time project44 reported cash flow break-even . The company reported 48% year-over-year growth in new Annual Recurring Revenue (ARR
DHL prioritizes own cargo jets for pharmaceuticals transport Global logistics powerhouse DHL is reducing reliance on third-party carriers and commercial airlines in favor of its own freighter aircraft to improve service and lower costs for temperature-sensitive pharmaceuticals and biologic shipments that require handling according to stringent standards. DHL ( FSE: DHL ) announced last week that it will prioritize use of its own aviation capacity on specia
Panama wrests control of Canal terminals from China operator Panama on Monday took over operations of container terminals at the Panama Canal, ending more than three decades of management by China. Hong Kong-based CK Hutchison Holdings Limited in a release said that it had been informed that Panamanian authorities made direct physical entry into the terminals at Balboa and Cristobal operated by subsidiary Panama Ports Company, S.A. The state took over admi
The driver involved in the 10-fatality Alabama crash is back in business and still crashing On June 19, 2021, at 2:21 in the afternoon, a Tallapoosa County Girls Ranch van carrying eight children, ages 4 to 17, returning from a vacation, was struck by an autohauler truck on Interstate 65 near Greenville, Alabama, struck again by a second truck and pushed into the median, and then consumed by fire. The sequence was straightforward. A Hansen & Adkins Auto Transport Volvo truck-tractor tra
Trucking tech evolution: from paper logs to autonomous trucking The journey from paper notepads to driverless trucks has unfolded faster than most in the industry anticipated. Decades of technological evolution compressed into roughly 15 years of intense innovation. Today, as embedded computing catches up to artificial intelligence ambitions, autonomous trucking stands at an inflection point where software optimization matters more than raw computing power. F
A handful of parent companies control America's trucking insurance market This is Part 7 of an ongoing insurance series on the structural failures of America's trucking insurance system. The previous six installments examined the regulatory gap that allows insurers to bind policies without evaluating carrier safety records ("The Dumping Ground"), the insurer scorecards revealing where crash risk concentrates in specific portfolios ("How Carriers and Insurers Are Subsid
Velocity Vehicles debt rating slashed for 2nd time in 3 months Velocity Vehicles, a nationwide provider of truck sales and service, had its debt rating cut two notches by Moody's last week, a larger-than-usual reduction a few months after a similar two-step reduction by a competing agency. While a cut of two notches at one time is not unprecedented, it is often a sign of rapidly weakening finances. The new rating of B3 from Moody's is considered equivalent t
AscendTMS makes its first acquisition of another TMS provider AscendTMS, one of the leading suppliers of transportation management systems to small to medium businesses (SMBs), has made its first acquisition. InMotion Global, which owns AscendTMS, has acquired LoadPilotTMS. The purchase price was not disclosed. Tim HIgham, InMotion's CEO, said in an email to FreightWaves that LoadPilot customers are SMBs, as is AscendTMS. The LoadPilot TMS will halt operati
Forward Air says strategic review nearing conclusion Forward Air announced it is "nearing the conclusion" of a strategic review. The comments were made on a call discussing fourth-quarter results on Monday after the market closed. The company announced early last year it would undergo a review of its entire business and may sell part or all of the enterprise. The decision was made as pressure from investors mounted following a contested merger with
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