BOEM seeks public input on mineral leasing offshore Virginia The Bureau of Ocean Energy Management (BOEM) is to issue a Request for Information and Interest to receive public feedback and evaluate industry interest on possible mineral leasing areas on the U.S.
Master boat delivers first of four new RApport 3000 escort tugs to Suderman & Young Coden, Ala.-based Master Boat Builders, Inc. has delivered the RApport 3000 design escort tug Saturn to Suderman & Young Towing Company. The vessel is the first in a new series of four
Dorian LPG orders $115M VLGC at HD Hyundai Stamford, Conn.-based Dorian LPG Ltd. (NYSE: LPG) reports that it has entered into an agreement with HD Hyundai to build one 90,000 cubic meter very large gas carrier (VLGC for delivery in
Iran and Oman release joint statement on Strait of Hormuz This morning brought more reports of a pick-up in Strait of Hormuz transits, with Kpler reporting that the strategic waterway continued to show signs of operational recovery on June 23, with 31
Great Lakes Towing Company christens its new tug Puerto Rico The Cleveland, Ohio-based Great Lakes Towing Company recently christening of its newest tugboat, Puerto Rico, at Collision Bend Brewing Company along the Cuyahoga River in Cleveland, Ohio. The ceremony brought together employees,
Beatrice Hsu is newest member of LA Harbor Commission The Los Angeles Board of Harbor Commissioners recognized and welcomed its newest member, Beatrice Hsu. A long-time real estate executive and community leader, Hsu was appointed to the five-member Harbor Commission by
ClassNK authorised to conduct surveys for French-flagged vessels ClassNK has received authorisation from the French Government's Directorate General for Maritime Affairs, Fisheries and Aquaculture to conduct statutory surveys and certification services for French-flagged vessels. The approval enables ClassNK to carry out statutory surveys and issue certificates on behalf of France in accordance with international conventions, including SOLAS , MARPOL and the I
Port of Coos Bay executes INFRA grant for Pacific Coast intermodal port The Oregon International Port of Coos Bay has formally executed its US$ 25 million Infrastructure for Rebuilding America grant agreement with the US Department of Transportation, following approval by the Port's Commission at a special June meeting. The agreement represents a significant milestone in advancing the Pacific Coast Intermodal Port project, designed to create the first fully ship-to-r
AD Ports Group launches AI-powered Intelligence Headquarters AD Ports Group has launched Intelligence Headquarters (IHQ) , a new AI-powered platform designed to accelerate digital transformation across the organisation. The platform will deploy thousands of digital workers across 20 global workstreams. It aims to improve efficiency, decision-making and customer service across the Group's operations. The launch supports the UAE's National Strategy for Arti
Freightos Weekly Update: Ocean rates climb again even as fuel costs ease The US-Iran interim agreement appears to be driving a gradual reopening of the Strait of Hormuz, even with Iran announcing a renewed closure following Israel and Hezbollah exchanges of fire. Though still well below pre-war levels, Hormuz transits have increased since the announcement of the Memorandum of Understanding. As part of this week's renewed negotiations, Iran and the US have opened a hot
Explainer: Why AD Ports turns on feeder shipping AD Ports Group's stake of Global Feeder Shipping states explicitly that the point is tighter integration with its ports, economic cities, logistics, and shipping operations
New containership orders highlight continued interest in feeder vessels The latest containership orders highlight continued interest in feeder vessels, even as shipowners continue to invest in larger vessel classes. According to the latest DynaLiners Monthly report, shipowners placed 37 firm containership orders across vessel sizes ranging from 900 TEU to 6,200 TEU. In addition, they secured options for 13 more vessels, potentially lifting the total orderbook to 50 s
FedEx reports higher revenue and earnings in fiscal 2026 FedEx Corp. reported higher revenue and earnings for fiscal 2026, driven by stronger package yields, increased shipment volumes and cost savings from its transformation initiatives. The company posted revenue of US$94.7 billion for the fiscal year ended 31 May 2026, up from US$87.9 billion a year earlier. Net income increased to US$4.43 billion , while diluted earnings per share rose to US$18.55
Evergreen splashes out on more than 140,000 new containers Taiwanese operator Evergreen Marine Corporation has ordered 140,500 new containers from Dong Fang International, Guangdong Fuwa Engineering Group, China International Marine Containers and CXIC Group Containers for around TW$11.3 billion (US$360 million). Evergreen said in a Taiwan Stock Exchange filing that the new container orders comprised 47,500 from Dong Fang; 34,000 from CXIC; 30,000 from C
Rio Brasil Terminal adds quay cranes Rio Brasil Terminal, ICTSI's operation at the Port of Rio de Janeiro, has taken delivery of two new quay cranes as part of its ongoing expansion and modernisation programme, bringing the terminal's total crane count to six. The new equipment is designed to handle vessels up to 400 metres in length overall and carrying up to 20,000 TEUs, supporting improved berth utilisation and faster vessel turn
Rhenus and COSCO SHIPPING Specialized Carriers sign Cuxhaven partnership Rhenus Group and COSCO SHIPPING Specialized Carriers have signed a Memorandum of Understanding (MoU) to establish a strategic partnership at Rhenus Cuxport in Cuxhaven, Germany. The agreement aims to combine Rhenus' port and logistics expertise with COSCO SHIPPING Specialized Carriers' fleet of more than 200 specialised vessels to strengthen project cargo, heavy-lift and specialised transport ser
Port of Long Beach posts strong cargo growth in May The Port of Long Beach reported strong cargo growth in May as importers moved shipments ahead of potential tariff increases and ongoing market uncertainty. The port handled 842,030 TEUs during the month, up 31.7% from May 2025, making it the third-busiest May in its history. Imports jumped 40% to 418,851 TEUs , while exports increased 32.9% to 109,168 TEUs . Empty containers rose 21.8% to 314,012
IMO launches evacuation plan for 11,000 stranded seafarers The International Maritime Organization (IMO) has announced plans to evacuate more than 11,000 seafarers stranded in the Strait of Hormuz region following the peace agreement between Iran and the United States . IMO Secretary-General Arsenio Dominguez said the operation will be carried out in cooperation with Iran, Oman, other coastal states, the United States and the maritime industry. "After mo
Port of Oakland posts strongest monthly volume The Port of Oakland handled 190,958 TEUs in May 2026, a 1.9% increase compared to May 2025 and the port's highest monthly cargo volume since January 2026. The result marked the second consecutive month of year-over-year growth, with gains recorded across both import and export categories. Full imports reached 83,809 TEUs, up 5.7% year-on-year, while full exports totalled 69,284 TEUs, a 2.9% incre
Yusen Logistics and SkyCell expand partnership to China-Japan lane Yusen Logistics and SkyCell have extended their global collaboration to the China-Japan trade lane , completing their first pharmaceutical shipment between the two countries. The shipment moved from Shanghai Pudong Airport (PVG) to Tokyo Narita Airport (NRT) and supported one of the world's leading pharmaceutical companies. The move marks an important milestone in expanding the Yusen Logistics-Sk
AD Ports Group raises stake in Global Feeder Shipping AD Ports Group has acquired an additional 30% equity stake in Global Feeder Shipping for US$ 300 million, raising its total holding to 81% in one of its most strategically significant assets. The transaction follows AD Ports Group's exercise of a call option originally agreed when it acquired an initial 51% stake in the Dubai-based feeder shipping line in February 2024, with the additional stake
Port of Tanjung Pelepas signs digitalisation partnership with Siemens Port of Tanjung Pelepas (PTP) has signed a Memorandum of Understanding (MoU) with Siemens to accelerate its digital transformation and enhance operational performance through advanced technologies. The agreement was formalised during a ceremony attended by PTP Chief Executive Officer Mark Hardiman and Siemens Malaysia President and Chief Executive Officer Tindaro Danze . Under the partnership, PT
Israeli ports handle 24.3 million tonnes of cargo in first five months of 2026 Israeli ports handled 24.3 million tonnes of cargo during the first five months of 2026, according to data from the Ministry of Transport and the Shipping and Ports Authority. Containerized cargo remained the dominant traffic segment across the country's port system. The Ashdod port area handled approximately 8.56 million tonnes, while the Haifa port area processed around 3.36 million tonnes dur
NWSA exports outperform five-year average as imports rise in May he Northwest Seaport Alliance (NWSA) reported higher import and export volumes in May, with full imports increasing 6.8% and full exports rising 3.3% compared to the same month last year. Import growth was driven by an early peak season as beneficial cargo owners accelerated shipments ahead of proposed Section 301 tariffs. The comparison was also influenced by softer volumes in May 2025. Exports
GXO to operate new Action distribution centre in Italy GXO Logistics will operate a new distribution centre for Action in Ferentino, Italy , supporting the retailer's expansion across Central and Southern Italy. The facility, located in the province of Frosinone, is Action's second distribution centre in Italy. GXO was selected based on its retail logistics expertise, direct labour model and established presence in the Lazio region. GXO currently emp
Rhenus Türkiye receives AEO certification for customs operations Rhenus Türkiye has received Authorized Economic Operator (AEO) certification from the Turkish Ministry of Trade, enhancing its customs and cross-border logistics capabilities. The certification confirms that the company meets high standards in customs compliance, security, traceability, operational reliability and record management. It supports Rhenus Türkiye's international freight forwarding an
European Maritime Finance reshuffles top team Danish maritime investment manager European Maritime Finance has named Peter Kubicki as chief executive officer in a wider reshuffle of its leadership team. The Copenhagen-based company has also appointed Stephen Schueler as chairman of the board, Rikke Stoltz as board member and co-founder Martin Almdal as vice chairman. Kubicki, who was already involved with EMF, ...
Diana lands improved rate for panamax bulker New York-listed Greek bulker owner Diana Shipping has secured a new time charter for one of its panamax vessels at a higher rate than its current employment. The 2013-built, 77,901 dwt Ismene has been fixed to Paralos Shipping at $15,750 per day, less a 5% commission paid to third parties. The charter is expected to ...
Turkish owner EOS lines up four bulker newbuilds in China Turkey's EOS Group has emerged in the newbuilding market with a four-ship dry bulk order at Jiangsu Dajin Heavy Industry in China. The contracts cover two 40,400 dwt handysize bulkers and two 64,500 dwt ultramaxes, according to g a filing by Dajin's parent Bestway Marine & Energy Technology. The two handysizes are scheduled for delivery ...
Jinjiang Shipping doubles Yangzijiang boxship order Shanghai-listed Jinjiang Shipping has firmed up options for four more 1,900 teu containerships at Yangzijiang Shipbuilding, doubling its latest feeder newbuilding programme. The Shanghai International Port Group-controlled carrier said its wholly owned subsidiary Manqiang Shipping has signed contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Hongyuan Shipbuilding for the additional
Wallenius Wilhelmsen adds $420m to car shipping contract Oslo-listed car carrier operator Wallenius Wilhelmsen has extended a shipping contract with a major European carmaker in a deal worth around $420m. The three-year extension will run from mid-2028 to mid-2031 and comes on top of about $180m in remaining value under the existing agreement. Wallenius Wilhelmsen said the extension was agreed early and would ...
Australian sea-time support scheme targets shortage of qualified seafarers Australian crew management and maritime workforce solutions provider Siera Marine Management has been awarded funding under the Australian government's Maritime Skills and Training Initiative (MSTI) to deliver a major program to increase the number of qualified seafarers. The Australian Maritime Workforce Development - Sea Time Support Project will provide qualifying sea-time placements for 49 tr
Petrobras eyes Gulf of Mexico opportunities through Pemex alliance Brazilian and Mexican state-owned oil and gas companies, Petrobras and Pemex, have signed a memorandum of understanding to establish strategic and technical cooperation for the joint evaluation, development, and execution of hydrocarbon industry projects. The partnership includes developing opportunities in exploration and production and industrial processes, as well as exchanging experiences on
Norway offshore labour conflict escalates with lockout threat Offshore employers on the Norwegian continental shelf are preparing a large-scale lockout as a growing strike by members of the Norwegian Union of Energy Workers (SAFE) begins to disrupt drilling and well operations. SAFE launched industrial action among offshore maintenance and well service workers on Monday, 15 June, after talks over a collective wage agreement ...
Nortrans flotel fixed for SBM's Angola work Singapore-based Nortrans Offshore has secured a two-year charter with SBM Offshore for its semi-submersible flotel Nor Spirit in Angola. The 2015-built DP3 maintenance and safety unit will support life-extension work on the FPSOs Saxi Batuque and Mondo on Block 15. The units are operated by SBM Offshore under a lease and operate contract with Esso ...
Poland eyes second Gdansk FSRU Poland is moving ahead with plans for a second floating LNG import terminal at Gdansk, underlining Europe's continued commitment to LNG infrastructure despite growing expectations that gas demand growth could slow in the longer term. The proposed unit would sit alongside the country's first Gdansk FSRU project and further strengthen Poland's position as one of ...
ADES acquires Saipem's Saudi drilling business in $285m deal Saudi oil and gas driller ADES has signed a deal with Saipem to acquire the Italian firm's Saudi subsidiary, which owns five jackup rigs. ADES's indirectly owned subsidiary, ADES Saudi Limited, acquired Saudi Arabian Saipem Limited for a total purchase consideration of $285m. The transaction will be funded through existing liquidity sources and available financing ...
Asiatic Lloyd signs up for three LR2 tankers Singapore-based Asiatic Lloyd has returned to the larger product tanker segment with a deal for three LR2 newbuildings at HD Hyundai's Philippines yard. Shipbuilding sources have linked the Bunnemann family-controlled owner to three 115,000 dwt tankers priced at about $73m each. The vessels are expected to deliver in 2028 and 2029. No official announcement has ...
Yasa tipped for debut VLCC order Turkish owner Yasa Holding is being linked to its first VLCC newbuilding order as contracting in the supertanker segment continues to gather pace. No official confirmation has been issued by the owner or the yard, but newbuilding sources suggest the Sabanci family-controlled group has agreed to build four 319,000 dwt units at Jiangsu New Hantong ...
IMO backs mineralisation pathway for onboard carbon capture A proposal to recognise carbon mineralisation as a form of permanent carbon storage for shipping has received in-principle support at the International Maritime Organization (IMO), potentially opening a new pathway for onboard carbon capture and storage (OCCS) systems. The proposal, led by Shanghai Qiyao Technology Group and submitted during the IMO's Marine Environment Protection Committee ...
Container shipping is thinking small again The global containership orderbook is closing in on the 13m teu mark, with carriers increasingly turning their attention away from megaships and towards smaller and medium-sized tonnage, according to new data from Alphaliner. The consultancy reports that the cellular containership orderbook now stands at 12.98m teu across 1,592 vessels, equivalent to 38.3% of the existing ...
Prysmian bags $1bn contract for Greek power links Italian cabling giant Prysmian has been awarded a framework agreement with the Greek electricity grid operator IPTO valued at around €910m ($1.03bn), to develop electrical interconnections for the Dodecanese and North Aegean islands in Greece. The project will support energy infrastructure in Greece and benefit the islands and the national economy by improving the reliability ...
AD Ports tightens grip on Global Feeder Shipping Abu Dhabi-listed AD Ports Group has increased its holding in Dubai-based Global Feeder Shipping to 81% after acquiring an additional 30% stake for AED1.1bn ($300m). The deal sees AD Ports exercise a call option agreed as part of its earlier investment in GFS, one of the largest container feeder operators in the world. The transaction ...
RWE takes control position in Amprion German utility RWE is increasing its stake in compatriot transmission system operator Amprion and now holds an indirect majority holding. RWE bought a stake in M31 Beteiligungsgesellschaft mbH & Co. Energie KG, the majority shareholder of Amprion. By taking a stake in M31, RWE is acquiring an indirect 35% interest in the transmission system operator. ...
Turkey unveils draft rules for first 1GW offshore wind auction Turkey has moved a step closer to launching its first large-scale offshore wind programme, publishing draft rules for a 1GW auction that will grant investors a 49-year right to develop and operate a project in one of four candidate sea areas. The so-called YEKA OWPP-2026 draft specification, now out for public consultation, sets a price ...
IMO and Oman orchestrate phased reopening of Hormuz Vessel transits through the Strait of Hormuz are picking up as international efforts intensify to move stranded ships out of the Gulf in a controlled manner. Allied Shipbroking said the waterway has "begun to breathe again, but only just" following the memorandum of understanding signed between the US and Iran, with completed transits rising to ...
It's time to put the S back into ESG As environmental ambitions are quietly being pushed aside by geopolitics, energy security concerns and economic realities, shipping risks making a costly mistake if it allows the social pillar of ESG to fade into the background, argues Mark O'Neil. It is a sad truism that geopolitical tensions, the Iran conflict, energy security anxieties and sluggish national ...
New dry bulk outfit emerges in Dubai A new dry bulk shipping venture has been launched in Dubai by two well-known industry figures. Mayborne Bulk has been founded by Jesper Lollesgaard and Parikshit Sial. The company will operate an asset-light business model focused on chartering-in vessels and building a commercially controlled fleet over time, with a particular emphasis on the handy, supramax ...
As Hormuz optimism mounts, bunker fuel prices continue to sink More ships are transiting the Strait of Hormuz, putting intense downward pressure on oil prices. The upside for shipowners: operating...
Genco 'poison pill' survives vote despite significant minority opposition Diana Shipping fails to secure sufficient support for proposals to shake up Genco
Wallenius Wilhelmsen signs $420m contract extension The deal has been signed with an unnamed European car manufacturer and will run from mid-2028 to mid-2031
Tanker traffic into Middle East Gulf surges after Hormuz reopens Tankers appear to be racing to exploit a 60-day window to move Middle East Gulf crude before the Hormuz reopening...
'There's never a right time to invest': frustration grows at entrenched barriers to green shipping The stalling of the green transition in shipping is causing frustration for companies already invested in it. 'There's this incredible...
50% jump in bunker claims since Hormuz crisis, Gard confirms It's not only that shipowners are being ripped off. Contaminated fuel damages engines and is disabling vessels, reports marine insurance...
AD Ports increases Global Feeder Shipping stake GFS is one of three container feeder operators AD Ports owns at least in part, as the sector posted impressive...
Major container lines begin MEG withdrawals, but reopening Hormuz won't stop a broader downturn Freight and charter rates have been supported by Middle East disruptions, tariff-related cargo front-loading and longer routing via the Cape...
IMO announces Hormuz evacuation plan The evacuation of 11,000 seafarers will begin after the IMO said it received the necessary security guarantees
Middle East port update: Wednesday, June 24 At a high level, it establishes that Oman, working with the IMO and regional partners, is introducing controlled and phased...
The Daily View: For whom the toll tolls
Why nuclear shipping is a pipe dream Next-generation small modular reactors are just around the corner, and always will be
Middle East war will mean spike in machinery damage claims, Allianz warns Iran tolls would mean 'profound shift in maritime order', said marine insurer heavy hitter
Daily Briefing Hormuz traffic is up, but confusion reigns over the strait and tolls remain on the table | Another Hormuz rate...
Asia-US spot rate surge continues as retail restocking enters the mix The US retail inventories-to-sales ratio in April fell to its lowest in more than three years as the market ponders just how much steam the current frontloading push has left.
US LTL providers on the prowl at ports as imports rise Both traditional LTL carriers and non-traditional expedited LTL providers are seeking access to containerized freight as trans-Pacific imports increase.
Ocean rates surge on India-Europe trade as capacity tightens With most upcoming vessels overbooked, major India-Europe services have closed spot window bookings until early-July sailings, according to forwarder sources.
C.H. Robinson acquisition signals push into higher-value logistics segments This week's takeover of DeSpir Logistics expands Robinson's capabilities in healthcare, life sciences, pharmaceuticals, aerospace, and data center logistics, sectors that often require heightened security and monitoring.
Poten beefs up its clean fuels and chemicals advisory business Consultancy arm builds up its Middle East presence
US military assembles sealift charter armada with solicitation for five-year deals Contract solicitation marks shift in the way Military Sealift Command meets short-term shipping needs
Middle East conflict pushes LNG supply boom out to 2029-2030, Poten says Qatar will need to cooldown some 60 LNG carriers
London P&I reports underwriting losses after smaller claims spike Strong investment results and rising premium income boost overall finances
EMF boss Torben Degn out as management shake-up sees vice chairman step into top role Experienced hands to run Danish group with $2.1bn of shipping assets
London Club reports underwriting losses after smaller claims spike Strong investment results and rising premium income boost club's overall finances
Details emerge of FSU for South Africa's Zululand LNG terminal Search for contractors gets underway
How the Strait of Hormuz reopening could impact rates for bulker owners Brokers examine the implications of a transit recovery being driven in part by dry cargo voyages
Pistiolis tanker firm slashing share count as market cap drops $246m below fleet value Nasdaq-listed Rubico wants to boost stock back above $1
Problems pile up for European Commission before ETS rewrite Unforeseen effects undercut the climate aims of trading scheme
Embiricos banks $468,900 per day VLCC fixture as adventurous Greeks trickle into Gulf Company previously set an all-time VLCC spot fixture record
Wallenius Wilhelmsen tacks on three years to legacy contract Deal with long-term European partner expected to earn it $420m
Shipping enters new high-risk era as costs soar, Allianz says Allianz report highlights dangers from global tensions despite long-term decline in casualties
'Incredibly lazy' shipowners and pressured charterers holding back energy transition Inertia on energy-saving devices and high costs of green fuel remain problems for shipping, expert panellists say
EOS Group orders handysize and ultramax bulk carriers in China Turkish owner has contracted Jiangsu Dajin Heavy Industry to build two of each vessel type
Greek owner Enesel expands bulker return with ultramax orders in China Diversified owner is linked to a series of shipbuilding contracts at Jiangsu New Hantong
TotalEnergies prioritises pipelines to bypass Strait of Hormuz Boss Pouyanne says group should be investing in alternative crude export methods
Spanish operator adds third boxship as fleet expansion gathers pace JSV fulfils 'dream' of replacing chartered ships with owned vessels
DNB retains tanker stocks at hold despite Hormuz tailwinds Analyst Jorgen Lian reiterates hold ratings for Frontline, DHT, Okeanis Eco Tankers, Hafnia, Scorpio and Teekay
Greek owner Perosea buys trio of product tankers Summer spree takes fleet to 16 ships
AD Ports tightens grip on Global Feeder Shipping as it buys $300m slice Abu Dhabi giant brings holding in container ship operation to 81%
Broking veterans set up new dry bulk operator backed by major investor Jesper Lollesgaard and Parikshit Sial promise agility in handysize and supramax markets
Bourbon PSV auction delayed on owner's request Bourbon Liberty 152 sale pushed to July as sister vessel attracted no bidding premium
Strait of Hormuz sees 'meaningful shift' as ships return to pre-war channel Windward notes confidence among mainstream owners that transits are possible
Three Iranian VLCCs head to China after exiting Strait of Hormuz Iranian crude export activity increasing in parallel with rise in mainstream transits
Russian-flagged sanctioned tanker set to test UK resolve with English Channel transit Pattern set with most tankers hauling Russian cargoes going the long way round the UK
Oldendorff extends secondhand sales drive with Greek post-panamax deal German shipping giant in large-scale fleet renewal campaign, as kamsarmax newbuildings keep rolling in
YZJ Maritime VLCC spend nears $1.5bn with newbuilding quartet Singapore-listed company has 12 VLCCs on order at Jiangsu New Hantong
From strength to strength: Hugh Baker's path from Scorpio group to Adnoc L&S Longtime banker and CFO oversees capital allocation process for fast-growing logistics powerhouse
Oaktree sells $103m chunk of Torm shares with Hafnia hungry for merger Big US shareholder offloads more stock
Genco Shipping shareholders nearly spit out company's poison pill Ratification of takeover target's shareholder rights agreement was easily the closest shave in across-the-board Genco win in proxy fight
Chinese shipowner rakes in quick profit from eight-month stay in shipping Taihu Shipping flipped its Ukraine-sanctioned suezmax months after buying it, brokers say
YZJ Maritime VLCC spending nears $1.5bn with latest four newbuilding orders Singapore-listed company has 12 VLCCs on order at Jiangsu New Hantong
Freight Fuel Forecast: Is Your Budget Ready for $70 Brent? Summary View Transcript Despite falling diesel prices, the oil market shows dangerous complacency. John Kingston from FreightWaves breaks down why current inventory draws and global supply disruptions suggest a looming crisis in the next 4-6 weeks. Discover the overlooked factors that could send fuel prices soaring, impacting your freight budget. Average weekly retail diesel prices fell to $4.83
Oregon port OKs federal rail grant agreement for multimodal project The port commission of the Oregon International Port of Coos Bay has approved a $25 million federal grant agreement, allowing planning and pre-construction activities to advance what is planned as the first fully ship-to-rail intermodal terminal on the West Coast. The $25 million Infrastructure for Rebuilding America (INFRA) grant will be matched by $25 million from NorthPoint Development, the po
More FedEx MD-11 cargo jets return to service, others are retired FedEx Corp. has reinstated four McDonnell Douglas MD-11 freighters since aviation authorities cleared the aircraft type to resume flying seven weeks ago while also retiring five planes last quarter, but plans to have the entire active fleet available by peak season, executives said Tuesday. The freight transportation giant said it took a $23 million charge during its fiscal year fourth quarter, e
North Carolina trucking group investigates wave of unexpected FMCSA audits A recent update to the Federal Motor Carrier Safety Administration's SafeSpect system appears to have incorrectly identified some long-established trucking companies as new entrants. The glitch has potentially triggered safety audits for carriers that have been operating for years or even decades. Ben Greenberg, president and CEO of the North Carolina Trucking Association, alerted carriers to the
Intermodal rail higher as shippers switch from trucks Freight on U.S. railroads came to 520,406 carloads and intermodal units for the week ending June 13, up 7.2% from the same period a year ago. Association of American Railroads' data showed total carloads at 230,959 units, better by 2.8%, while intermodal volume of 289,447 containers and trailers outdistanced year-ago traffic by 10.9%. Intermodal's improvement has come as strengthening truck rates
From trucks to trade compliance, logistics firms make strategic buys Three logistics companies announced acquisitions this week aimed at expanding trucking capacity, cross-border services and customs expertise. The deals involve Wisconsin-based AmeriLux Transportation & Logistics, Montreal-based ANDY Corp., and Portland, Oregon-based Imperative Logistics Group, each targeting different segments of the supply chain ecosystem. The transactions underscore how logisti
Norfolk Southern CEO says railroad must focus on today and tomorrow Norfolk Southern Chief Executive Mark George says the railroad remains focused on improving its service while continuing to advance the proposed merger with Union Pacific, and that it can and must do both simultaneously. "From the outset of our announcement to merge strengths with Union Pacific Railroad (NYSE: UNP ), we have been clear: Norfolk Southern (NYSE: NSC ) is not singularly focused on c
ITS Logistics warns shippers budgeting flat face capacity reckoning The freight market is perched on the edge of a capacity-driven precipice. For shippers who spent three years enjoying rock-bottom transportation rates, the good times are ending. Freight demand remains the wildcard. Any sudden spike will not draw the same carrier response as in years past. In an interview with FreightWaves, Ryan Martin, president of distribution and fulfillment at ITS Logistics,
FedEx boost revenue behind premium parcel, freight volumes Federal Express Corp. earnings exceeded Wall Street expectations for the fiscal year fourth quarter, with premium business-to-business services driving most of the revenue growth and efficiencies from a multiyear network restructuring fully takes hold. The courier giant on Tuesday pointed to strong growth in yields and volumes across its domestic and international parcel and freight products as a
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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