Italy places order for two next-gen DDX destroyers Fincantieri reports that Orizzonte Sistemi Navali (OSN), its 51%- owned joint venture with Leonardo, has signed a contract with OCCAR (Organisation Conjointe de Coopération en matière d'Armement) for the development, production, logistic
Port Canaveral and GT USA sign new lease agreement Port Canaveral, Fla., announced today that it has executed an agreement with longtime Canaveral cargo terminal operator GT USA for a new lease of up to 25 years for an additional 10
Podcast: Caterpillar on extending towboat life and what's next for inland propulsion For inland operators, keeping aging vessels productive while improving reliability and controlling costs is an ongoing challenge. At the same time, decisions made today have to account for the propulsion technologies, digital
VIDEO: IMO marks World Maritime Day against a challenging backdrop Today, September 24, is World Maritime Day and IMO (the International Maritime Organization) notes that it is being marked as shipping faces the direct impacts of wider geopolitical tensions and conflict. Merchant
Birdon starts MUSV construction at C&C Marine Back on May 29, the Department of the Navy announced that it had selected seven companies' entries to advance to the at-sea testing phase of the Medium Unmanned Surface Vessel (MUSV) marketplace.
CMA CGM adds Puerto Antioquia to revamped PEX2 service CMA CGM has added Puerto Antioquia in Colombia as a direct port of call on its revamped PEX2 service. The move follows the opening of the Puerto Antioquia terminal on 31 January 2026. The facility is operated by CMA CGM subsidiary CMA Terminals. Puerto Antioquia has been inserted immediately after Cartagena in the PEX2 rotation, providing a direct connection from Asia with only two additional tra
NorthStandard partners with PntGuard to tackle GNSS jamming and spoofing NorthStandard has partnered with SGM Technology to provide its members with access to the PntGuard platform, designed to protect vessels against GNSS jamming and spoofing. The agreement will allow NorthStandard members to access PntGuard at a 15% discount. The technology will also join NorthStandard's GetSET! portfolio of Safety & Efficiency Technologies. PntGuard provides independent vessel posi
Tropical Shipping raises South Florida drayage charges Tropical Shipping will increase drayage charges for full-container-load cargo moving to or from selected locations in South Florida. The revised charges will take effect on 18 October 2026. Tropical Shipping attributed the adjustment to rising fuel costs. Each affected charge will increase by US$50. Area Locations covered Current charge New charge South Florida counties Dade, Broward, Palm Beach,
Freightos Weekly Update: Asia - Med rates back to pre-peak levels as Red Sea transits increase Trade talks continue between the US and China as representatives work to prepare the ground for the Xi - Trump meeting this week. The negotiations are reportedly aimed at maintaining stability in the fragile trade relationship, as opposed to pushing major policy shifts in either direction. Tariffs introduced by the US since the Supreme Court invalidated IEEPA restored duties on China to within 7.
RCL launches new weekly China to Indonesia service Regional Container Lines and its partners will launch a new weekly service connecting China with Indonesia. The service, branded RCI05, will connect three major Chinese gateways with Jakarta and Surabaya before calling Singapore. The port rotation will be: Qingdao - Shanghai - Nansha - Jakarta - Surabaya - Singapore - Qingdao The complete rotation will take 28 days. RCI05 weekly schedule Port Arr
Hapag-Lloyd raises Far East to Europe freight rates Hapag-Lloyd will increase its Freight All Kinds ocean tariff rates from the Far East to several European regions. The new rates will apply to sailings with a tariffing date on or after 19 October 2026 and will remain valid until further notice. They cover cargo transported in 20-foot dry, 40-foot dry and 40-foot high cube containers. Destination 20-foot dry 40-foot dry 40-foot high cube North Eur
Yang Ming and OOCL eye Suez Canal return as carrier traffic increases Yang Ming and OOCL are considering further moves back to the Suez Canal, while COSCO plans additional transits as major container lines gradually increase their use of the waterway. The developments were discussed during a meeting between Suez Canal Authority (SCA) Chairman Admiral Ossama Rabiee and representatives of 20 major shipping lines and agencies on 23 September. According to the SCA, Yan
Port of Oakland recorded export surge The Port of Oakland handled 173,818 TEUs in August 2026, with full exports increasing 2.9% from July. Combined loaded cargo totalled 131,666 TEUs, down 9% compared to August 2025, while empty container volume reached 42,152 TEUs, down 11.4% year-on-year. The port recorded 82 vessel calls in August, compared to 90 in the same month last year. Year-to-date loaded cargo is down 2.5 percent, with ful
CMA CGM introduces China to East Africa peak season surcharge CMA CGM will introduce a Peak Season Surcharge for shipments from China to Dar es Salaam in Tanzania and Mombasa in Kenya. The surcharge will take effect on 15 October 2026 and remain applicable until further notice. Origin Destination Surcharge North and Central China Dar es Salaam, Tanzania US$600 per TEU North and Central China Mombasa, Kenya US$800 per TEU South China Dar es Salaam, Tanzania
Saudi Arabia's bypass restarts into a narrower margin Aramco has patched its Red Sea lifeline around three wrecked pumping stations. But the attack that shut it showed that the kingdom's escape route from Hormuz can be cut hundreds of kilometres inland, by drones launched from Iraq
Sea-Intelligence: Golden Week Capacity Distortions With the Mid-Autumn Festival (Sep 25-27) falling so close to Golden Week (Oct 1-7) in 2026, the compressed holiday calendar, combined with port congestion in Asia, and vessels transitioning back to the Suez Canal route on the back-haul from primarily Mediterranean, has created a highly volatile environment for global trade. Source: Sea-Intelligence.com, Sunday Spotlight, issue 783 Looking specifi
A small hub carrying a US$150 billion promise When South Korea opened its shipbuilding cooperation hub in Washington in July, it built the most visible piece of the US$150 billion pledge while spending very little of it
Interview with Karen Baert, CEO of Ammobia: What Will It Take to Scale Ammonia as a Marine Fuel? Ammonia is increasingly emerging as one of the potential fuels for decarbonising deep-sea shipping, but moving from early projects to widespread commercial adoption will require progress across infrastructure, regulation, production costs and workforce readiness. In an interview with Antonia Saratsopoulou, Managing Editor of Container News, Karen Baert, Co-Founder and CEO of Ammobia, discussed wh
Dachser acquires Scottish logistics partner Drummond Distribution Dachser has agreed to acquire Scottish logistics company Drummond Distribution, expanding its network with five locations between Glasgow and Edinburgh. The companies have not disclosed the purchase price. Drummond generated approximately £20 million in revenue in 2025 and employs around 175 people. Dachser expands logistics network into Scotland Drummond operates five locations across Scotland's
Norway grants NOK 208 million to 11 port projects Norway has awarded NOK 208 million (US$22 million) to 11 port projects across the country. The investments aim to improve cargo flows, increase port capacity and strengthen connections between sea and land transport. The funding comes through Norway's programme for efficient and environmentally friendly ports. The Norwegian Coastal Administration (Kystverket) manages the programme. Overall, the 1
ICTSI secures US$1 billion 10-year loan from BDO International Container Terminal Services Inc. (ICTSI) has secured a US$1 billion term loan facility from BDO Unibank as the global terminal operator continues its major investment programme across its international portfolio. ICTSI signed the loan facility agreement on 22 September, with the company acting as borrower. The facility has a tenor of 10 years, according to an official disclosure fil
APM Terminals Pipavav launches first double-stack Python train to Dadri APM Terminals Pipavav has launched its first double-stack Python block train to ICD Dadri, expanding container rail connectivity between western and northern India. The inaugural service departed Pipavav on 16 September, carrying 338 TEUs over a distance of around 1,200 kilometres. The operation was carried out in collaboration with Maersk India and Container Corporation of India (CONCOR). New se
HPC joint venture to support Port of Mogadishu equipment upgrade HPC Hamburg Port Consulting has been appointed to support the next phase of equipment investments at the Port of Mogadishu in Somalia. The assignment covers advisory and supervision services for the procurement and implementation of new port equipment. The project will be carried out by a joint venture between HPC and Sellhorn Ingenieurgesellschaft. New cargo handling equipment planned The invest
Maersk launches 71,800-sqm logistics centre in Germany Maersk has launched operations at a new logistics centre in Herleshausen, Germany, expanding its contract logistics footprint in the country. The facility provides 71,800 square metres of logistics space and will serve as a central hub for cargo flows within Germany and neighbouring European markets. Inbound operations have been underway since August, while outbound operations have now started. N
Why Europe's Red Sea problem is about who gets protected The EU says its naval mission needs more than ten warships. Its members are answering one flag at a time, and that may matter more for shipping than the ship count
Port of Klaipeda launches tender for €600 million southern expansion The Port of Klaipeda has launched a construction tender for the major expansion of its southern area. The project will create 100 hectares of new land in an area currently forming part of the Curonian Lagoon. It will also include the construction of a 1,300-metre quay and significant supporting infrastructure. New area to expand container capacity The southern development will significantly incre
ValenciaportPCS introduces electronic administrative control document feature The Port Authority of Valencia has updated its ValenciaportPCS platform with a new feature enabling users to generate the Electronic Administrative Control Document, known as the DeCA, effective October 5. The update facilitates compliance with new transport regulations in an agile and centralised manner. The key benefit of the update lies in automation. In addition to manual DeCA entry, the plat
The ship that didn't have an accident today Neville Jayant from SalusTech on why maritime safety must learn from everyday success as well as failure. Every day, ships complete demanding operations safely. Mooring continues through difficult weather, bunkering is completed despite changing conditions, and experienced crew members identify hazards before they become incidents. Much of this never appears in the logbook, safety management ...
Subsea 7 picked for Turkish FPU installation Offshore engineering and services player Subsea 7 has received an extension for work on the Sakarya Phase 3 Black Sea gas development offshore Turkey from Turkish Petroleum Offshore Technology Centre (TP-OTC). The additional scope covers towing and mooring line installation and connection activities related to the commissioning of the development's second floating production unit in ...
DeepOcean and TFKable plan new offshore wind cable vessel Norwegian ocean services contractor DeepOcean and TFKable Group are planning a purpose-built cable-laying vessel for the offshore wind market as part of a proposed joint venture targeting inter-array cable projects. The vessel would be owned by a separate company involving Poland's state-owned industrial development agency, ARP, together with DeepOcean and TFKable Group's controlling entity. No ...
Perenco plans $110m power-from-shore project off Brazil Perenco and Porto do Açu have signed a letter of intent to develop an offshore electrification scheme for the Pargo and Cherne production clusters in the Campos Basin. The project would connect the shallow-water facilities to Brazil's onshore grid through an 80 km subsea cable running from a new substation at Porto do Açu, in ...
Fugro wins survey and inspection work offshore Australia Dutch surveyor Fugro has secured a marine asset integrity contract with an undisclosed client in Australia. Fugro will replace critical subsea infrastructure to support the long-term reliability and performance of our client's offshore assets. In addition to the replacement works, Fugro will provide subsea survey and inspection services using remote operations capabilities. Offshore operations wi
NorthStandard backs anti-spoofing navigation technology NorthStandard has partnered with SGM Technology to give its members access to a navigation resilience system designed to counter the growing threat from GNSS jamming and spoofing. The marine insurer is offering members a 15% discount on PntGuard, a platform that authenticates vessel position signals in real time and provides an independent position source when ...
Onex VLCC buying spree takes shape Onex DMCC has emerged as one of the tanker market's most aggressive VLCC buyers, with at least five supertankers now linked to the Dubai trading house through broker reports and sales registers. Splash reported on September 11 that Onex had paid a record $200m for George Procopiou's near-new 306,000 dwt VLCC Pinios. The vessel has ...
Seafarer killed and capesize adrift in Hormuz The human and commercial toll from the battle for the Strait of Hormuz continues to mount, with one seafarer killed yesterday after the Cape Dao capesize was struck while transiting the waterway. The 2002-built, Antigua and Barbuda-flagged bulker was hit at around 0630 UTC off Oman's Musandam peninsula, according to UK Maritime Trade Operations. The ...
The charts that explain shipping's extraordinary decade Shipping has spent the 2020s lurching from one earnings boom to another, with successive crises repeatedly rescuing markets that conventional supply-demand analysis suggested should be weakening. Two new charts capture how today's supercycle came to be, and which sectors face a likely downturn. Braemar's decade-long earnings chart reads increasingly like a geopolitical timeline. Covid propelled ...
Shubpreet Singh takes over at V.Ships V.Group has appointed Shubpreet Singh as chief executive of V.Ships, promoting from within as the shipmanagement giant reshuffles its senior leadership. Singh, a master mariner, has most recently been leading the execution of V.Ships' strategy after previously heading the group's Northern Europe and Americas business. V.Group said Singh brings extensive operational and commercial experience, with
Ships blamed for bulk of chronic ocean oil pollution Ships are associated with the overwhelming majority of attributable chronic oil pollution at sea, according to a new global analysis from satellite-monitoring group SkyTruth. The study estimates that around 1.58m sq km of ocean surface is covered by oil slicks each year, with more than 90% occurring inside national waters, often close to coastlines. By ...
Product tankers join the party as MR rates in Asia hit multiyear highs More crude escaping through the Strait of Hormuz translates into more refined products available for export in Asia. High demand...
The Daily View: Icy influence
Ageing bulker fleet to put pressure on repair yards, BRS warns Shipbroker BRS has warned the increasing share of elderly bulkers will mean bottlenecks at repair yards, with demand and supply...
Saudi tanker transits through Hormuz hit war-time high after pipeline attack The surge in Saudi-linked transits through Hormuz underscores just how quickly the kingdom's export logistics can shift when one chokepoint...
China's Pinglu canal is meant to carry new supply chains, not just old cargo Beijing hopes the Pinglu Canal will draw southwestern China more deeply into production networks centred on Southeast Asia
Green shipping's annus horribilis, in numbers The Global Maritime Forum's fifth annual green progress report shows shipping's chances of reaching 5% zero-emission fuel uptake by 2030...
Russia, China and Europe vie for influence as Arctic shipping surges Record Arctic vessel traffic is no longer only a shipping story. As Russia builds export infrastructure, China gains operational experience...
Old bulkers dominate recycling sales amid firm prices Recycling market across the Indian subcontinent remains mixed with India showing strong fundamentals, while Bangladesh and Pakistan stay subdued
Stena Ro-Ro adds battery-hybrid ropaxes at China Merchants Jinling Latest orders in Stena's extensive E-Flexer series will feature a battery-diesel hybrid propulsion system, but have been designed for eventual...
MSC vessel still adrift in the South China Sea following crew rescue Two days after an initial distress call, the 2,496 teu MSC Hermes III remains adrift, show AIS broadcasts
Daily Briefing How would US diesel export restriction impact tanker shipping rates? | Europe wants IMO to write a new AI rulebook...
Shippers face October turmoil from cargo slump, overcapacity: Sea-Intelligence The period after Golden Week could be "highly volatile," the analyst says, as carriers work through schedule instability, rolled cargo and delays.
APM Mobile looks for more rail shippers with expanded intermodal yard The terminal operator is looking for shippers that want to use Gulf Coast routes to avoid the rail delays hitting larger ports on the West and East coasts.
Brazil scrutiny of low-water surcharges raises questions for other waterways Shippers facing similar charges on the Rhine, St. Lawrence and Panama Canal may find a Brazilian regulatory crackdown worth watching, writes Valter Branco.
Russia claims attack on tanker carrying fuel to Ukraine Ship accused of supplying Ukrainian military
CMB.Tech and former Golden Ocean shareholders to square off in appeals court over $2.7bn takeover Disgruntled shareholders appeal judge's rejection of immediate payout and Alexander Saverys-led shipowner counter-appeals
Aframax tanker earnings surge to near-record levels as North Sea daily earnings top $300,000 Mediterranean pulls back amid 'toppy' rates and traders hestitate on Venezuelan oil amid freight spike
Locking in riches: Amid rampant revenue, does Panama want to fix its canal problem? What a Panamanian agent told ASBA's Miami Beach Cargo Conference about the will of his country's maritime authorities
Terrorism victims holding $2bn Iran judgment lodge claim against Trump-seized VLCC Claim comes after Trump administration lawyers retract request to sell tanker
Scorpio Tankers riding in the 'peloton' of nuclear adoption Monaco-based company is willing to let others take the lead position in shipping's propulsion race
Chiquita's Great White Fleet expands reefer service with container ship buy Produce carrier expands networks with 20-year-old ship
Car carriers set to drive new super-cycle road, says Wallenius Wilhelmsen boss Norwegian car carrier giant turns toward China as its vehicle exports surge
Three Rosneft tankers load first crude from Russia's new Arctic terminal Fresh export outlet is secure from Ukrainian attacks
Greek owner Latsco Shipping makes first VLGC sales in four years In the wake of rising ship values, Paris Kassidokostas-Latsis spots a chance to cash in on his two oldest gas carriers
Hafnia sells $300m new shares at discount after raising Torm stake to 20% Shares of product tanker owner fall 6.8% in Oslo
Navios tied to container ship quartet ordered at HJ Shipbuilding Deal brings owner's tally with the shipbuilder to eight
No end to ship attacks in Black Sea this year, security firm warns Maritime intelligence company says expanded war risk area will not be reduced as conflict spreads
Navios fixes out newbuildings for five years as brokers hike product tanker period rates Greek owner taking delivery of two product carriers in Japan next year
Sinokor Maritime taps up owners of vintage VLCCs for sales candidates Latest enquiry emerges as 15-year-old vessel bought in 2018 for $36m sold for over $140m to voracious tonnage buyer
Hafnia buys more Torm shares as it sells out $300m equity issue Product tanker giant still hoovering up rival's stock
Ex-Clarksons broker switches chartering for S&P in new role at Hartland Shipping Panamax man Richard Haines is moving across town for sale-and-purchase position
Nicolay Dyvik has seen shipping's biggest deals from both sides of the table Shipping's blend of micro and macro dynamics has kept the analyst-turned-investment banker hooked for more than two decades
Strongest-ever El Nino to compound Panama Canal disruption, Clarksons says Weather event building, with a peak likely to come early next year
Greek seller sets new benchmark as tanker dealmaking pivots to suezmaxes Suezmax transactions are stealing the limelight this week, and it is not just Middle Eastern interests buying
German hedge fund goes long on tankers after buying into big names Seahawk bets on Capital Tankers, Navios and TGS
Baltic Exchange expands bulker reach in deals with European and Asian platforms SGX and EEX now offering London benchmarker's handysize futures contracts
Tanker goes dark to export first fuel from Kuwait refinery in five months Kpler tracks Chinese LR2 offloading cargo in ship-to-ship transfer zone
French wind-powered shipping pioneer Neoline eyes second vessel Technical challenges for first-of-its-kind wind-powered vessel are taking time to resolve
2020 Bulkers raises $175m to finance offshore vessel fleet buy Proceeds will be used for debt refinancing and further M&A opportunities
Purus signs up wind vessel for long-term Siemens Gamesa charter UK owner says service operation ship will work in the North Sea
MSC container ship adrift in South China Sea after crew evacuates Singapore authorities give no reason for distress signal
Maria Angelicoussis cleans up on Nvidia shares via $1bn equities arm Greece's richest shipowner adds to wealth with investment in AI chipmaker
Charter and bunker costs squeeze Ningbo Ocean as volumes surge Chinese liner operator reveals cost pressure behind first-half profit decline
Hafnia buys more Torm shares as it launches $300m equity issue Product tanker giant still hoovering up rival's stock
French luxury brands put world's largest commercial sailing cargo vessel to the test Hybrid cargo ship backed by CMA CGM promises emissions cuts of up to 90%
Hafnia seeks $300m in equity issue as Oaktree puts more Torm shares up for sale Oaktree offers 5m Torm Class A shares as part of its sell-down
Braemar restructures tanker leadership with Stephen Danby in top job Brokerage boosts departmental directors to eight with two key promotions as it continues to rebuild its teams
Stena taps Chinese shipyard for double ropax ferry order Latest e-flexer design will allow full-electric voyages on Denmark to Sweden route
French shipowner Marfret inks orders for feeder pair in China Two 480-teu vessels add to growing portfolio to be built at Guangji Xinneng for international owners
BW LPG finance chief explains preference for ordering VLGCs over ammonia carriers Oslo-listed company will invest in VLACs once the market is clearer
Industry groups urge Trump against diesel export ban proposal that White House calls 'fake news' Energy secretary says administration considering voluntary cap
Small Brokerages Should Be Nervous Now Small brokerages should be nervous right now. Ryder VP Kendra Phillips breaks down how post-Montgomery liability, carrier vetting and safety standards are changing freight brokerage and managed transportation. In this FreightWaves Today interview, Phillips explains why shippers are asking tougher questions, why some carriers are being removed from networks, and why paying more for safer capacity
Why Green Bay IS a Top 10 Logistics City Green Bay, Wisconsin, isn't just about football. Brian Figueroa of KBX Logistics reveals why this city, with 1/10th of 1% of the US population, accounts for over 1% of all national transportation roles. Discover how Green Bay leverages deep industry collaboration and talent development to cement its status as a critical supply chain hub. Plus, gain insights into the current, supply-driven freight
Freight Tech Isn't Dead - It's Getting Picked Apart More Than Ever Craig Dickman of TitletownTech joined FreightWaves Today to talk freight tech, capital discipline, and what actually stands out in this market. If you're building, buying, or betting on logistics tech, what's the one signal you trust most right now? TitletownTech, the early-stage venture fund launched in 2019 as a partnership between the Green Bay Packers and Microsoft, has built a portfolio of r
What Schneider's CEO Sees Next for Trucking Schneider CEO Jim Filter breaks down the freight market outlook, trucking demand and what carriers should watch next. In this FW Today interview, Filter sits down with Craig Fuller and Julie Van de Kamp to talk through the cycle, operating conditions and the signals that matter for fleets, brokers and shippers. If you want the executive view from one of trucking's biggest players, this is the tak
Amazon rolls out safety tech, pay bump for delivery providers Amazon has begun deploying surround-view cameras on electric delivery vans to provide more visibility on the road, representing the latest investment in vehicle and driver safety, and boosting driver pay by a $1 to support recruiting and retention, the logistics-forward retailer said this week. The 360-degree cameras from Netradyne can identify vehicles, cyclists and pedestrians from all directio
China lead-time concerns surge as shippers widen global sourcing networks Small and midsize businesses (SMBs) are spreading their supply chains across more regions and placing orders earlier as shippers grapple with an increasingly complicated mix of supplier delays, freight costs, tariffs and shifting consumer demand. According to Netstock's 2026 Supply Chain Planning Benchmark Report , no single disruption is dominating inventory decisions this year. Instead, busines
Intermodal rail powers up with 7% gain for latest week Rail traffic on U.S. carriers came to 535,663 carloads and intermodal units, up 4.9% compared with the same week last year, according to Association of American Railroads data for the week ending Sept. 19. Total carloads reached 234,207 units, up 2.4%, while intermodal volume was 301,456 containers and trailers, better by 6.9% compared to 2025. Seven of the 10 carload commodity groups posted an i
Copeland expands cold chain capabilities with Dickson acquisition Temperature-control systems provider Copeland expanded its presence in the cold chain with the acquisition of Dickson. The deal adds monitoring and compliance technologies serving the healthcare and life sciences industries to its portfolio. "The acquisition of Dickson further strengthens our ability to serve customers across every stage of the healthcare and life sciences cold chain, from pharma
But no pandemic high: Asia-US container rate at $9,600 Resilient U.S.-bound demand, Far East port congestion and blanked sailings are keeping trans-Pacific spot rates near their early July highs, even as Asia-Europe pricing continues to slide from peak-season levels. The divergence follows an unusually early east-west peak season that began in May and lifted container spot rates sharply through early July, according to analyst and SONAR data contribu
40% of loss prevention professionals report annual cargo theft losses topping $1M Cargo theft losses now reach at least $1 million annually for 40% of leaders surveyed by SmartSense. Another 28% report yearly costs exceeding $2 million from stolen freight. The study polled 150 U.S.-based loss prevention and organized retail crime professionals. Results also show growing concern about criminals using coordinated tactics against supply chains. SmartSense by Digi released its Car
Airline trio takes final step towards launch of joint cargo business The cargo divisions of Qatar Airways, Malaysia Airlines and IAG Group, parent company of British Airways, are preparing to commercially launch their joint cargo venture in the coming weeks after a year's delay. Qatar Airways Cargo, MASkargo and IAG Cargo have successfully completed the first trial shipment transported across all three carriers, the carriers announced last week. The shipment provi
45 Mexican truck drivers accuse US recruiter, carriers of forced-labor scheme At least 45 Mexican truck drivers are now represented by attorneys pursuing allegations that drivers were recruited to haul freight in the U.S. through false promises of legal work authorization and then subjected to coercive labor practices. Twenty-nine of the drivers are currently plaintiffs in a federal lawsuit against California-based Omega Compliance Solutions LLC, Henry G. Gamino, Rick Gami
New data shows Suez route transits rose 27% in August Suez Canal vessel transits increased 27% year over year in August as more shipping lines returned selectively to the Red Sea route, lifting the Egyptian waterway's monthly revenue 56.7% to $567.1 million. Revenue climbed 56.7% to $567.1 million, while net tonnage increased 51.1%, signaling a stronger - though still incomplete -recovery in Suez traffic. For North American shippers, the immediate e
Tractor Supply inaugurates $200M distribution facility in Idaho Tractor Supply Co. in October will begin outbound shipping to stores from its newest distribution center in Nampa, Idaho, the company said Wednesday. The 865,000-square foot facility, which features 80 truck docks to optimize traffic flow, will serve 123 stores across nine states in its first year, with room to support more than 200 stores at full operational capacity. Its service area includes O
Einride, Nvidia partner on heavy-duty autonomous trucking Einride ( Nasdaq: ENRD ) will build the next generation of the Einride Driver on Nvidia's Hyperion platform under a collaboration announced Monday. The Swedish company will adapt Hyperion, a compute and sensor reference architecture for Level 4 autonomy , to heavy-duty trucks as it pushes into highway and suburban autonomous operations. The company runs hundreds of electric trucks for shippers in
Export ban talk sinks diesel, boosts gasoline as White House eyes options Even if a diesel export ban is not implemented, the talk of it in recent days on Wednesday accomplished its goal of reducing prices, at least in the futures market. Ultra low sulfur diesel (ULSD) on the CME commodity exchange fell Wednesday by 16.57 cents/gallon, a decline of 3.35%, to $4.7764/g. It's the lowest settlement since September 8, not all that long ago which speaks to the huge increase
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