Kongsberg Maritime on track to becoming a stand-alone company At an extraordinary general meeting of Kongsberg Gruppen on Thursday afternoon, the separation of Kongsberg Maritime was formally approved by the shareholders. The plan is to list the leading maritime company on
VIDEO: Giant hopper dredge Frederick Paup delivered Seatrium reports that it has successfully delivered the dredge Frederick Paup to Manson Construction Co. Built at Seatrium's Brownsville, Texas, yard, the Jones Act-compliant vessel is the largest self-propelled hopper dredge in
NOAA moves ahead on offshore critical minerals NOAA (the National Atmospheric and Oceans Administration) yesterday reported two key steps it is taking to implement President Trump's April 24, 2025, Executive Order, Unleashing America's Offshore Critical Minerals and Resources. On
Nagoya Port posts third straight year of growth The Port of Nagoya handled 2.64 million TEUs of foreign-trade containers in 2025. Volume rose 1.9% year on year , marking the third consecutive year of growth , according to the Nagoya Port Authority and as Japan International Freight Forwarders Association (JIFFA) reoported. In December , throughput fell 7.9% to 231,323 TEUs , ending a three-month growth streak. 2025 terminal performance Tobishi
Hapag-Lloyd closes Poland Express and revises Baltic services Hapag-Lloyd will close its standalone Poland Express (PEX) service and revise the deployment of other Baltic services, according to Dynaliners. The Poland Express currently links Klaipeda and Gdynia with Wilhelmshaven and Hamburg. With its closure, Hapag-Lloyd will instead adjust the rotations of the standalone Baltic Express (BAX) and the Poland Germany Shuttle (PGS). The Baltic Express (BAX) wi
Hernán Gómez appointed CEO of SAAM SM SAAM's Board of Directors has appointed Hernán Gómez Cisternas as its new Chief Executive Officer. He will take office on February 1, replacing Macario Valdés Raczinsky, who will join SAAM's Board and become CEO of Quiñenco. Gómez is currently Managing Director of SAAM Towage. He has led the division since 2020. During this time, the business doubled in size through mergers and acquisitions an
EU and EIB Global sign €34 million grant to support sustainable ports in Cabo Verde The European Union and the European Investment Bank's development arm, EIB Global, have signed a €34 million investment grant to support the rehabilitation and expansion of Cabo Verde's main ports and its principal shipyard under the Global Gateway initiative. The grant complements €114 million in EIB financing signed in 2024 with the Republic of Cabo Verde, bringing the total concessional financ
Ghana Legalizes the Use of Cryptocurrency Ghana has legalized the use of cryptocurrency. In 2026, it will begin to roll out a range of products and investment tools, as well as new legislation to oversee them. The African nation of Ghana has legalized the use of cryptocurrencies and passed laws that suggest its widespread acceptance in its financial institutions is coming. At the end of 2025, the Virtual Asset Service Providers Bill was
Eimskip removes Rotterdam from Yellow Line service Eimskip has removed Rotterdam from its North Europe-Faroe Islands-Iceland Yellow Line service, just five months after the port was added to the rotation. Following the change, the service will be operated by two vessels of around 700 TEU capacity. The revised rotation will call at Immingham, Frederikstad, Aarhus, Torshavn, Reykjavik, Vestmannaeyjar, Torshavn, before returning to Immingham. The ad
Kongsberg Maritime set to become independent company Kongsberg Maritime has taken a major step toward becoming a stand-alone company after shareholders approved its separation from Kongsberg Gruppen at an extraordinary general meeting. The company is scheduled to be listed on the Oslo Stock Exchange on April 23, 2026 . Following the split, Kongsberg Gruppen ASA will operate as two separate companies : New KONGSBERG , comprising Kongsberg Defence &
Two dead, four missing after K Line bulk carrier capsizes A Supramax bulk carrier owned by Japanese shipping group Kawasaki Kisen Kaisha (K Line) capsized on 22 January, while en route from the Philippines to China, loaded with iron ore. K Line said today (23 January) that the crew on the Singapore-flagged Devon Bay sent a distress call last night
Ocean Alliance removes Tacoma from HTW transpacific service The Ocean Alliance will next month remove the Pacific Northwest port of Tacoma from the transpacific HTW service operated by Evergreen, according to Dynaliners. Following the change, the HTW service will concentrate on calls at Oakland and Los Angeles on the U.S. West Coast. The service will be operated with eight vessels of approximately 15,000 TEU capacity on a weekly basis. The revised rotatio
The port of Klaipeda is building closer links with the port of Valencia A Lithuanian delegation is working to strengthen the Port of Klaipeda's international links by deepening cooperation with the Port of Valencia through the exchange of expertise in infrastructure development and joint efforts to attract additional cargo flows. Lithuania's Deputy Minister of Transport and Communications, Roderikas Ziobakas, stated the Port of Klaipeda is of strategic importance to
How the absence of infrastructure neutrality fuels corridors' weaponization The global geopolitical landscape has fundamentally transformed shipping corridors from neutral commercial passages into contested strategic terrain
How Singapore Strait piracy is redrawing trade routes As Red Sea attacks force vessels into Asia's busiest waterway, a surge in armed robberies reveals a disturbing new reality: the world's backup routes are no longer safe
Maersk shifts SLC Aegean Sea service call in Izmir Maersk has announced a terminal change for its SLC Aegean Sea Service in Izmir as part of ongoing efforts to improve service reliability and support better supply chain planning for customers. Under the revised arrangement, the service will discontinue calls at Izmir-Socar Aliaga and instead call at Izmir-Nemport. The change is intended to provide a more stable and reliable service to and from th
How Students Use AI Tools Responsibly in 2026 Artificial intelligence is no longer a novelty on campus; it is your lab partner, writing coach, and sometimes even your 24/7 tutor. By 2026, most learning management systems ship with built-in generative models, while popular stand-alone apps keep multiplying. Yet one thing hasn't changed: degrees still certify human mastery, not machine output. This article lays out practical ways students, edu
Mawani launches offshore manufacturing hub at Ras Al-Khair The Saudi Ports Authority (Mawani) has signed a SAR 139 million contract with Singatac Arabia to establish a manufacturing center for offshore structures and platforms at Ras Al-Khair Port. The 100,000 m2 facility will include warehouses, specialized equipment, welding systems, and cranes to support oil and gas offshore projects. The project is expected to create over 500 direct and indirect jobs
Sea-Intelligence: Deconstructing Post-Suez connectivity correction In issue 748 of the Sunday Spotlight , Sea-Intelligence analysed the potential impact of a return to the Suez Canal on global port connectivity. By comparing 2025-Q4 connectivity levels against pre-Red Sea crisis growth trends (2022-Q3 to 2023-Q3), Sea-Intelligence found that nearly all major ports in the Red Sea and East Mediterranean were operating with significantly lower connectivity levels.
Alex Gregg-Smith named incoming chair of IACS The International Association of Classification Societies (IACS) has elected Alex Gregg-Smith, President of Marine & Offshore at Bureau Veritas, as its next Chair. He will take up the role on 1 July 2026, serving until 31 December 2027. Gregg-Smith, who has over 20 years of experience with Bureau Veritas and leadership roles in shipyards and shipowners, becomes the third elected IACS Council Chai
Hanwha Ocean partners with Fermeuse Energy Hanwha Ocean has signed a strategic Memorandum of Understanding (MOU) with Fermeuse Energy to advance the Newfoundland and Labrador LNG development project in Canada. The partnership strengthens Hanwha's long-term commitment to Canada. It also aligns with the company's role in the Canadian Patrol Submarine Project (CPSP) and Canada's Arctic and multi-ocean strategy. Under the agreement, Hanwha Oc
Chapman Freeborn names new VP of Cargo in Canada Chapman Freeborn has appointed Tyler Porteous as Vice President of Cargo - Canada to strengthen its cargo charter operations in the region. Porteous will lead the company's cargo growth in Canada. He will expand the customer base, develop new market segments, and deliver tailored charter solutions. He will also build long-term partnerships with local clients. He brings more than 15 years of exper
Freightos Weekly Update: Greenland drama adds new dose of trade uncertainty President Trump announced on social media over the weekend intent to impose 10% tariffs starting February 1st on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands and Finland for opposing the sale of Greenland to the US, and that tariffs will increase to 25% in June if there is no deal by then. The EU accounts for 20% of total US imports by value. Last year Germany - the largest E
d'Amico doubles down on MR orders Italian product tanker owner d'Amico International Shipping has added two MR2 product tankers to its orderbook, pressing ahead with a fleet renewal drive built around fuel efficiency and future fuels. The Milan-listed owner said its operating arm, d'Amico Tankers, has signed a shipbuilding contract with China's Jiangsu New Yangzi Shipbuilding (YZJ) for two 50,000 dwt ...
Splash Wrap: From Davos to dark fleets All eyes were on Davos this week and the World Economic Forum, where Donald Trump made more claims on Greenland, while a number of other Western leaders, notably from Canada and Finland, mounted a new tack in how the global order could be maintained in the wake of the US going rogue. Sinokor's remarkable hoovering ...
Eastern Pacific presses VLCC comeback with fresh Hengli order Idan Ofer's Eastern Pacific Shipping (EPS) is pushing further into the VLCC market, lining up two more newbuildings at Chinese yard Hengli Shipbuilding. The Singapore-based owner has booked the 306,000 dwt vessels in a deal valued at between $200m and $300m, according to a stock exchange filing by Hengli's parent, Songfa Ceramics. Delivery is scheduled ...
Jinhui bulker sale collapses on delivery snag Jinhui Shipping & Transportation has seen the sale of one of its supramax bulkers collapse, bringing its last agreed divestment of 2025 to an end. The Oslo-listed, Hong Kong-based owner had agreed to sell the 2012-built, 56,361 dwt Jin Bi to Hong Kong buyer Xing Le Investments for $14.4m. Delivery was due to take place ...
Safe Bulkers returns to yards with kamsarmax pair Greek dry bulk owner Safe Bulkers has returned to the newbuilding market, agreeing to acquire two kamsarmaxes from Chinese yards. The New York-listed company said the vessels will be 82,500 dwt units, with deliveries scheduled for the third quarter of 2028 and the first quarter of 2029. Pricing was not disclosed. The newbuilds will be ...
Early dark fleet leader quits shipping Radiating World Services, one of the more recognisable names linked to the so-called dark fleet, has exited VesselsValue's fleet database. A vessel most closely associated with the outfit has meanwhile changed hands twice in short order. The ship in question is the 2006-built LR2 tanker Eastern Pearl (115,300 dwt), now renamed Pacific Runner, which was ...
French navy boards false-flagged Russian aframax French naval forces boarded and diverted the aframax tanker Grinch in the western Mediterranean yesterday after president Emmanuel Macron ordered an interception of what he described as a "false-flagged" sanctioned vessel carrying Russian crude. In a post on X, Macron stated the operation was conducted on the high seas in the Mediterranean, with the support ...
Fire-struck ONE Henry Hudson heads to Asia for repairs Two months on from a severe fire aboard the 8,212 teu ONE Henry Hudson while docked at Yusen Container Terminal in the Port of Los Angeles, the vessel is now making its way cautiously across the Pacific for repairs at an unspecified yard in Asia. Ocean Network Express (ONE) told clients yesterday that the cargo ...
Singapore tycoon Michael Kum buys into Marco Polo Marine Singaporean business magnate Michael Kum has bought a stake in offshore vessel player and shipyard Marco Polo Marine via its vehicle Halom Investments. Kum bought 150m Marco Polo Marine shares from compatriot Apricot Capital, a private investment firm owned by the Teo family. The acquisition of shares was completed on Thursday for a price of ...
The seafarer demographic delusion Steven Jones, founder of the Seafarers Happiness Index, on shipping's failure to nurture a new generation of crews. The latest Seafarers Happiness Index delivers a sobering reality check, despite a modest uptick in overall scores. Seafarer responses reveal a concern that the profession is failing to evolve quickly enough to improve life for new entrants ...
Baltic region targets 50GW of offshore wind under new grid blueprint Transmission system operators in the Baltic region have presented a plan to transform the area into a clean energy hub, with up to 50 GW of new offshore wind capacity and 13GW of cross-border interconnectors by 2040. This was revealed in a recent study named Baltic Offshore Grid Initiative: System Study 2026, published by TSOs ...
Survey permits signal renewed momentum for Vietnam's offshore wind Vietnamese authorities have assigned sea areas to Vietnam Electricity (EVN) and Petrovietnam for offshore wind survey. EVN has been granted 240 sq km of sea area offshore the Long Chau archipelago and Bach Long Vi Island to conduct surveys for the Bac Bo 1.3 and Bac Bo offshore wind projects. Petrovietnam has been assigned over ...
ADNOC hands McDermott offshore EPCI deal worth up to $1bn Houston-based offshore contractor McDermott has been awarded a contract by ADNOC for EPCI services on the Nasr-115 Expansion Project, located approximately 130 km off Abu Dhabi. The Nasr-115 Expansion Project is a critical component of the overall Nasr Phase II field development project expected to increase oil production capacity to 115,000 bpd by 2027. Under ...
Box rates were expected to seasonally rise - but they're falling Falling spot rates could imply that the pre-Chinese New Year peak came early this year. Bookings data provider Vizion disagrees...
Ofac imposes fresh sanctions on Iran's shadow fleet as US 'armada' heads to Middle East The US announced fresh sanctions on Friday targeting nine vessels in Iran shadow's fleet and affiliated entities
EU set to ringfence €10bn ETS revenue for maritime decarbonisation The EU's forthcoming industrial maritime and ports strategy will set the policy agenda for shipping in Europe. Initial indicators point...
Jury bribe and witness threats as MSC Gayane drug-bust saga continues It has been more than six years since the largest drug seizure in shipping history, when over a billion dollars...
Regulating black carbon from shipping would be pointless, Russia argues Russia has hit back at IMO proposals to set limits on soot pollution in the Arctic by forcing ships to...
Hand injuries and abdominal pathology dominate P&I crew claims Brittania publishes breakdown for past two policy years
Tanker rate strength extends into 2026, though supply pressures build Tanker strength in 2026 looks less like a demand boom and more like a geopolitical premium colliding with an oncoming...
Two dead after K Line bulker capsizes in South China Sea The China Coast Guard successfully recovered 17 of the bulker's crew, but four remain missing
Ro-ro underinvestment persists amid dearth of newbuild activity Despite subdued ordering, secondhand vessel demand has stayed firm due to limited fleet growth, which is supporting vessel values
Safe Bulkers orders two kamsarmax newbuilds Deliveries are set for 2028's third quarter and 2029's first quarter
The Daily View: In it for the long haul
CSSC Shipping raises $300m in first offshore convertible bonds Shipping markets remain volatile, yet leasing offers flexibility and access to competitively priced assets, says the company
Syrian oil and gas production to recover in 2026, says WoodMac Syria's government is to regain control over key oil and gas fields, laying the foundation for a recovery in oil...
Daily Briefing Greece and Russia lead shipping's Red Sea return, but others are now following | Russia continues to add shadow fleet...
FMC takes second look at ocean carrier limits on chassis choice The agency ruled in 2024 that shippers can pick their own chassis when they arrange for truck transportation, but compliance with that ruling remains unclear.
Software provider targets LTL invoice inaccuracies with automation solution Transflo, which sells automation software to transportation providers, is using AI agents to build identifying specific exceptions common to LTL billing errors.
French port operator posts record volumes as carrier investments pay off Despite 2025 being shaped by geopolitics and trade upheaval, France's largest container port of Le Havre was able to capitalize on significant investments to modernize its terminal infrastructure.
DHL launches road-air service on busy China-Europe trade lane The multimodal option is aimed at shippers wanting predictability in cross-border shipments and the ability to control costs.
Geopolitical risks prompt thoughts of supply chain routing alternatives As the diversions away from the Suez Canal have shown over the past two years, global shipping is often at the mercy of global hotspots, writes Ted Prince.
'Unprecedented times': Frontline confirms $76,900 per day VLCC charters windfall Seven tankers taken for a year by charterer understood to be Sinokor Maritime
US blacklists batch of shadow fleet vessels as Trump sends 'armada' toward Iran Treasury Department ratchets up pressure on Tehran with sanctions against nine tankers, as well as their owners and managers
Wavelength podcast: Greenland, Davos and identity theft at sea Plus, the major rise in seafarer abandonment and Sea-LNG turns 10
IMO chief open to compromise to secure green goals Arsenio Dominguez says the US has not mentioned any plan to leave the global shipping regulator
TMS Cardiff Gas turns to China for its next raft of LNG newbuildings George Economou and family swing by Hudong-Zhonghua in Shanghai
Sanctioned tanker adrift in Med a day after France seizes dark fleet aframax The laden tanker was en route from the Russian Baltic region when it came to a halt
Ionic cashes in on rising aframax prices with rare tanker sale Athens-based company makes asset play on oldest vessel that it bought eight years ago from Mitsubishi
d'Amico International Shipping adds to orderbook in deal for up to four tankers Milan-listed owner follows up December return to shipyards with new contracts for MR ships
Peter Dohle hives off feeder boxship trio worth just under $60m German tonnage provider cashes in on MSC's insatiable demand for container vessels
Nearly 300 ships flying false flags as pressure mounts, Windward says Shady practice is a now a structural feature of deceptive shipping networks
D'Amico International Shipping adds to orderbook in deal for up to four tankers Milan-listed owner follows up December return to shipyards with new contracts for MR ships
Erasmus Shipinvest turns acquisition firepower to modern feeder ships Diversified shipping firm acquires boxships from Briese and CULines and may resume newbuildings
Eyes turn to Suez amid falling rates and liner shipping 'arms race' Carriers are facing a prolonged period of overcapacity through to 2029
Vitol adds another 16 LNG cargoes in deal with Brunei producer Trader and shipowner extends agreement with Brunei Energy Services & Trading
Lawyers warn over Italian jail sentences as new sanctions regime begins Campbell Johnston Clark outlines perils of getting compliance wrong
Affinity opens in Athens as CEO Dan Hockey reflects on first year at the helm New chief takes over in challenging year but keeps those fixtures coming
Peter Dohle hives off feeder boxship trio worth $60m German tonnage provider cashes in on MSC's insatiable demand for container vessels
Product tanker rates boom amid looming storm clouds, brokers say Owners face growing headwinds from fleet expansion and geopolitical uncertainty
John Inglessis expands into suezmax tankers with HD Hyundai newbuildings Greek owner's firm, JHI Steamship, has splashed out around $400m since October to order tankers in South Korea
Precious charters bulker newbuilding resales back to seller Jaldhi Overseas Thai owner also charters out a third ultramax to Swiss operator
Zelenskyy champions Trump and slams European shadow fleet doves at Davos Volodymyr Zelenskyy contrasts US action against Venezuelan tankers with divided European response to Russia
Nasdaq-listed Vafias spin-off plunges 35% as it plots fourth stock cut Reverse share split will be carried out to maintain Nasdaq listing of C3is
Santos exports first cargo from its restarted Darwin LNG plant Australian facility now hooked up to new gas supplies after being offline for two years
Two dead and four missing after K Line bulker capsizes in South China Sea Supramax bulker Devon Bay said to have capsized on Wednesday while sailing to China with a cargo of iron ore.
VLCC rates flying high with shipowners holding the key to further profit Momentum expected to continue on major routes, brokers and analysts say
Yang Ming promotes new president as Cliff Pai retires Lee has been working in the liner company for 29 years
Petrobras keeps CMM Offshore ship for extra four years Brazilian oil major signs new deal for domestic owner's oil spill response vessel
Three killed as Ukrainian drones hit Russian oil and gas port in Black Sea Storage tanks damaged in strike on Taman terminal at entrance to Sea of Azov
Bruton in the money on new VLCCs as Koch equals Tor Olav Troim's stake Tanker start-up expects to be fully financed on Chinese newbuildings
'Nothing short of a disgrace': Seafarer abandonments hit new record More than 6,000 seafarers were left stranded in 2025 without pay or the prospect of returning home
Jinhui bulker sale cancelled after late delivery A 2012 supramax was sold for $14.4m in December
European Maritime Finance names ex-SEB banker as vice chairman Company brings adviser and investor on board
Eastern Pacific's newbuild spend edges close to $15bn with VLCC order at Hengli Singapore-based shipowner orderbook with the Chinese shipbuilder alone has passed $2.5bn
Merger of two Chinese cruise lines sees surplus ship heading to Spanish start-up Corazul begins marketing Cosco-linked ship as tough conditions in China force operators into a strategy rethink
Container lines cast their net to 2027 as charter market dries up Shortage of larger boxships means forward fixing is the only means to accrue tonnage
Zodiac tanker rescues race competitor after rogue waves make World's Toughest Row too tough VLCC diverted for 12 hours to save stricken solo rower off Puerto Rico
PlusAI clears SEC hurdle for SPAC merger, eyes February debut PlusAI, the autonomous trucking technology company, is poised to become a publicly traded company in February 2026 following completion of its merger with Churchill Capital Corp IX, according to chief executive officer David Liu in an interview with FreightWaves. The Silicon Valley-based autonomous trucking software provider has spent the past six months navigating the Securities and Exchange Com
LTL carrier Peninsula adding a 2-state surcharge for regulatory burdens A Pacific Northwest LTL carrier is adding a surcharge to shipments starting or ending in Oregon or Washington, citing regulatory requirements in those two states that the company says have reached a "tipping point." Peninsula Truck Lines, based in Federal Way, Washington, announced this week that the $3 per shipment surcharge will go into effect April 6. In response to a list of questions submitt
States waive trucker logs and weight limits for storm relief Truck drivers moving through the Southeast should be ready to adjust their work-hour logs and equipment as Georgia, Mississippi, and North Carolina have all declared States of Emergency days ahead of a major winter storm . Effective between January 21 and 22, 2026, the orders waive federal hours-of-service (HOS) and provide various weight and tax relief for those hauling essential supplies. All t
Alaska Air completes Hawaiian cargo integration ahead of other units Cargo is the first group at Alaska Airlines to fully integrate operations with Hawaiian Airlines since the September 2024 acquisition, with combined booking systems and a unified sales approach to help acquire freight customers as it uses the merger to expand internationally for the first time, the company said Thursday. Alaska Air Group ( NYSE: ALK ) gave the update in its fourth quarter earning
Eastern ports, railroads bracing for storm East Coast container ports and railroads are deploying operational safety measures ahead of a potentially catastrophic storm that could bring heavy snow and ice to logistics operations along the I-95 corridor. A wide swath of ice, snow and rain wrapped in polar temperatures stretching from Texas, the Midwest and up through the Northeast is forecast to affect 200 million in its path. Locations alo
AI readiness lagging in procurement Artificial intelligence has already made its way into procurement. It shows up in sourcing tools, analytics dashboards, and supplier platforms, often quietly embedded in day-to-day workflows. And yet, most procurement leaders still hesitate to say they are ready for it. That contradiction sits at the center of ProcureAbility's 2026 CPO Report , which found that while 100% of surveyed procurement
Misumi taps Fictiv's Dave Evans to lead its Americas business amid global sourcing shift Misumi Group has appointed Dave Evans, co-founder and CEO of digital manufacturing platform Fictiv , as president and CEO of Misumi Americas . Evans' promotion follows Misumi Group's $350 million all-cash acquisition of Fictiv in 2025, a deal that expanded the Japanese industrial components giant's footprint across the U.S., China, India and Mexico. Evans to unify Misumi Americas and Fictiv into
New CEO represents Long Beach port at Davos With American ports in the eye of the global trade storm, Port of Long Beach's new chief executive, Dr. Noel Hacegaba, was invited to this week's World Economic Forum in Davos, Switzerland, where he joined a pan-global discussion on the future of trade, supply chains and economic resilience. "This is my first time attending the World Economic Forum's Annual Meeting, and I see it as a valuable opp
Trucking Alliance's safety agenda 2: policies that directly impact carriers The Trucking Alliance, which in terms of numbers is one of the smaller industry lobbying and support groups but which includes some of the bigger players in trucking, has long focused on safety issues in its efforts to shift public policy. After a tumultuous 2025 in the intersection where trucking, safety and politics all came together in often unexpected ways, the group is laying out its agenda
Assessing the full impact of Winter Storm Fern 24 hours out from a major winter weather event becomes the perfect window for assessing the full impact of what's to come. That's when meteorologists get a clearer picture of what's actually going to happen. For the most part, the areas affected haven't changed, just the accumulation numbers get more confident and where cities are falling in the ice versus snow break line are settled. As the stor
FarEye and Amazon Key partner to tackle last mile delivery challenges Last-mile delivery technology platform FarEye has partnered with Amazon Key to address costly delivery failures stemming from access issues at gated communities and apartment buildings. The collaboration integrates Amazon Key's secure access system into FarEye's AI-driven delivery management platform, creating a "one-click" solution for drivers. According to data provided by FarEye, 5-10% of pack
CSX sees small drop in revenue, slight gain in volume CSX said Thursday that its fourth quarter profits were weighed down by ongoing freight doldrums that the railroad doesn't expect to turn around anytime soon. "Our quarterly results reflect the subdued industrial demand environment and actions taken to adjust our cost structure," Chief Executive Steve Angel said in a statement on Thursday afternoon. "CSX (NASDAQ: CSX ) has a strong operational fou
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