Saronic's $300M Franklin shipyard expansion marks a construction milestone JE Dunn Construction and Alberici Constructors Inc. yesterday celebrated the topping out - placing the final structural beam - of Saronic Technologies' $300 million expansion of its Franklin, La., shipyard, which it
Harland & Wolff wins Beachcomber cruise ship revitalization contract Harland & Wolff has secured the largest cruise ship refurbishment project to be undertaken at its Belfast, Northern Ireland, shipyard since the company was acquired by Spain's Navantia Group. The project involves
Podcast: Beyond the tow: Supporting inland mariner well-being The men and women working aboard America's inland vessels keep commerce moving every day, but the demands of life on the river can extend well beyond the job itself. Long stretches away
Op-Ed: The Jones Act and the price of maritime readiness There has been much discussion lately about the Jones Act, and unfortunately it needs more discussion. The core question is not simply whether the law is protectionist, but whether the United States can
MARAD and Core Power cooperate to accelerate maritime nuclear pathways The U.S. Department of Transportation's Maritime Administration (MARAD) and Core Power (US) Inc. have signed an agreement to accelerate the commercial, industrial, and regulatory pathways for U.S.-flagged nuclear-powered commercial ships using small
MacGregor reports rising demand for electric cranes MacGregor recorded strong demand for electric cranes during the first half of 2026. Electric models represented more than 80% of the company's total crane order intake during the period. Heavy-lift and multipurpose vessels accounted for most orders. Container ships also generated a significant share of demand. MacGregor said this segment has experienced renewed activity compared with previous yea
Hapag-Lloyd closes Indore counter and updates GST registration Hapag-Lloyd has permanently closed its counter in Indore, India, as part of its service digitalisation and operational optimisation efforts. The carrier's digital counter at its Ahmedabad office in Gujarat will remain fully operational. Following the closure, Hapag-Lloyd AG is surrendering its Madhya Pradesh GST registration, 23AAACH0979G1ZR. Therefore, the company will no longer issue invoices,
ANL temporarily removes Qingdao from ACX service ANL will temporarily omit Qingdao from its ACX service for five weeks due to ongoing port congestion in Asia. The temporary change will begin with Colombo voyages 084N/085S. ANL said the adjustment aims to limit further disruption to the service. In addition, OOCL Norfolk voyages 308N/309S will omit Sydney and Shanghai to prevent vessels from bunching. ANL advised customers to contact the relevan
CMA CGM appoints Neusa Marcelino to lead ANL and Oceania agencies CMA CGM Group has appointed Neusa Marcelino as Managing Director of ANL Container Line Pty Ltd and General Manager of CMA CGM Oceania Agencies. Based in Melbourne, Australia, Marcelino will oversee the Group's activities across Oceania. She will also lead ANL's strategy, operations and continued development. Marcelino previously served as General Manager of CMA CGM Brazil and Managing Director of
Hai An joins FTSE Global Micro Cap Index Hai An Transport and Stevedoring Joint Stock Company has joined the FTSE Global Micro Cap Index through its HAH stock. FTSE Russell announced the results of its semi-annual review of the FTSE Global Equity Index Series for the Asia-Pacific region, excluding Japan and China, on 21 August 2026. According to the new constituent list, FTSE Russell added 90 Vietnamese stocks to the FTSE Global Micro C
Hapag-Lloyd raises rates to India and Pakistan Hapag-Lloyd will increase its Ocean Tariff rates from North Europe, the Mediterranean and the Black Sea to India's west coast and Pakistan. The revised rates will apply to sailings beginning on 21 September 2026. They will remain valid until further notice. Rates for 20-foot dry containers All amounts are in US dollars. Origin Destination Current base rate New base rate Increase North Europe Nhav
Israel Shipyards Industries reports strong second-quarter profit growth Israel Shipyards Industries reported improved financial results for the second quarter and first half of 2026. Net profit attributable to shareholders reached approximately NIS 15.6 million in the second quarter. This compared with around NIS 0.7 million during the same quarter of 2025, as reported by port2port. Quarterly revenue increased by approximately 21.6% to NIS 428.5 million. Gross profit
Maersk updates low water surcharge in the Netherlands Maersk has introduced a Low Water Surcharge (LWS) for barge transportation to and from selected inland terminals in the Netherlands. The carrier attributed the surcharge to declining water levels across several Dutch inland waterways. Recent drought conditions have caused navigation restrictions and the temporary closure of the Twentekanaal. As a result, inland transport operations face capacity
MSC announces Golden Week blank sailings MSC will adjust capacity across its Asia-Europe network during China's Golden Week holiday period. The carrier expects demand to slow during the holiday. Therefore, it will blank selected sailings on its Asia-Mediterranean and Asia-North Europe services. Asia to Mediterranean Week Service Voyage 39 Jade GJ639W Asia to North Europe Week Service Voyage 40 Swan FW640W 40 Britannia QB640W 41 Lion GL6
Maersk introduces landbridge surcharge for Saudi Arabia cargo Maersk has introduced an Intransit/Landbridge Haulage surcharge (IT1) for shipments from the Far East and Oceania to selected destinations in Saudi Arabia. The surcharge applies to cargo destined for Dammam, the Dammam Free Zone Bonded Area and Riyadh. It covers the trucking movement from Sharjah (SHJ) to Khor Fakkan (KHO). The new charges took effect on 22 August 2026. Intransit and landbridge c
Hapag-Lloyd updates dangerous goods documentation in Spain and Portugal Hapag-Lloyd has updated its documentation requirements for dangerous goods shipments in Spain and Portugal. Customers must submit all required documents in English and PDF format. The information must also remain complete and consistent across every document. Hapag-Lloyd said accurate documentation would support faster verification, booking approval and cargo loading. Initial dangerous goods subm
Yang Ming revises PS4 service rotation Yang Ming has revised the port rotation of its PS4 service connecting Asia with the US West Coast. Under the updated rotation, Ningbo will replace Shanghai. All other port calls remain unchanged. Revised PS4 rotation Previous rotation: Yantian - Kaohsiung - Keelung - Shanghai - Los Angeles - Oakland - Keelung - Kaohsiung - Yantian New rotation: Yantian - Kaohsiung - Keelung - Ningbo - Los Angeles
ANL temporarily removes Shanghai from A3N service ANL will temporarily omit Shanghai from its A3N service for six weeks due to ongoing port congestion in Asia. The temporary change will begin with OOCL Shanghai voyages 100N/101S. ANL said the adjustment aims to limit further disruption to the service. The carrier advised customers to contact the relevant local terminals for the latest cargo-receiving information. Its Customer Care team will cont
WEC Lines enhances and renames ISS service WEC Lines will enhance its ISS service and rename it ISS-PT from 10 September. The renewed weekly short-sea service will strengthen connections between southern Spain and Northwest Europe. It will use Setúbal, Portugal, as a transshipment hub for import and export cargo. WEC Lines said the enhanced service responds to demand for reliable short-sea transport. It also provides an alternative to lon
MSC partially restores Suez Canal transits MSC has decided to partially restore Suez Canal transits on a limited number of its East-West services. The carrier made the decision after reviewing the latest security and operational conditions in the Red Sea region. The change covers both westbound and eastbound voyages. Services returning to the Suez Canal The transition begins with the following sailings: Jade service, Asia-Mediterranean, e
Maersk lowers emergency surcharges on Indian Subcontinent trades Maersk has announced changes to its Emergency Contingency Surcharge (ECS) for shipments from the Indian Subcontinent to North Europe and the Mediterranean. The reductions will take effect from the Price Calculation Date (PCD) of 1 September 2026. They cover the following headhaul trades: Indian Subcontinent to North Europe (E3W) Indian Subcontinent to the Mediterranean (E4W) Revised ECS levels Al
Greek companies partner on autonomous surface vessel Skaramangas Shipyards, Qualco Group and Olympic Marine have signed a memorandum of understanding to develop a Greek-designed and built unmanned autonomous surface vessel. The agreement covers the design, development, production and demonstration of a multi-role vessel. The project targets both the Greek and international markets. The partners aim to design, program and manufacture the autonomous
US Coast Guard restricts Saipan and Tinian port traffic The US Coast Guard has imposed vessel restrictions at the ports of Saipan and Tinian ahead of Tropical Storm Saudel. Port Heavy Weather Condition Yankee took effect at 8:00 p.m. CHST on 20 August 2026. It replaced Condition X-Ray, which the Coast Guard introduced earlier that day. Under Condition Yankee, sustained gale-force winds of 39 to 54 mph, or 34 to 47 knots, are expected within 24 hours.
Alexandria Port explores maritime cooperation with Malaysia Alexandria Port Authority has discussed stronger maritime cooperation with Malaysia during a visit by the Malaysian Ambassador to Egypt and an accompanying delegation. The meeting focused on maritime transport, ports, trade and logistics. Both sides also explored ways to exchange expertise and strengthen commercial links between Egypt and Malaysia. Alexandria Port presents development projects Th
TGS extends seismic programme offshore Indonesia Oslo-listed seismic specialist TGS has been awarded a one-month extension to the largest seismic streamer acquisition contract offshore Indonesia. The extension will begin in August and utilise the Ramform Sovereign vessel and the company's GeoStreamer technology. "The project further strengthens revenue visibility while enabling us to deliver high-quality seismic data with industry-leading acqui
Hanwha builds US LNG trading arm Hanwha is pushing deeper into the American LNG value chain, establishing a new US company that will combine procurement, trading and logistics with the Korean conglomerate's rapidly expanding shipping and shipbuilding businesses. Hanwha Aerospace announced today the creation of Hanwha Horizon USA, which will serve as the control tower for its global LNG operations. James ...
Diana rolls panamax bulker into stronger Cargill fixture New York-listed Greek bulker owner Diana Shipping has secured a 41% rate increase for the panamax Leto in a direct charter continuation with commodities giant Cargill. The 2010-built, 81,297 dwt vessel has been fixed at $18,000 per day, less a 4.75% commission, from September 10. The deal runs until at least September 1, 2027, with ...
Ventyr postpones North Sea offshore wind project Norway's Ministry of Energy has granted Ventyr a 12-month extension to complete its impact assessment and submit a licence application for the Sørlige Nordsjø II offshore wind project, pushing the deadline to October 15, 2027. Ventyr, a joint venture between JERA Nex BP and Ingka Investments, won the allocation for the 1.5GW scheme in March ...
PascoGas linked to $370m LPG quartet at HD Hyundai Turkish gas shipowner PascoGas has been linked to another major newbuilding move at HD Hyundai, with four LPG carriers contracted in a KRW515.4bn ($370m) deal. HD Hyundai Heavy Industries disclosed the order on Monday, identifying the customer only as an Oceania-based shipping company. The ships are scheduled for delivery by March 31, 2030. Shipbuilding sources ...
Jiahua Energy enters shipping with CIMC SOE newbuild Chinese chemicals and energy group Jiahua Energy is moving into shipowning with an order for a 35,000 cu m carrier from CIMC Sinopacific Offshore & Engineering. The company has capped total investment in the vessel and pre-operating costs at CNY750m ($111m). Jiahua subsidiary Meifu Port & Storage will fund 60%, with three partners covering the ...
CIMAC: Shipping regulation is struggling to keep pace with digital systems Shipping needs greater clarity over how regulation applies to increasingly integrated digital systems, with engineers and lawyers sometimes operating on radically different concepts of what constitutes a timely response. In a new release, CIMAC, the global association covering ship propulsion, power generation and digital systems, has pointed to the contrast between engineering environments where
Houthi strike hits Saudi VLCC off Yanbu A Saudi-owned VLCC has been struck off Yanbu in the northern Red Sea, extending the Houthi campaign against Saudi shipping to one of the kingdom's most important alternative crude export routes. The 320,926 dwt Amzan was hit around 63 nautical miles west of Yanbu on August 24. UK Maritime Trade Operations said an unknown projectile ...
Hormuz compliance clash traps owners between Tehran and Washington Shipowners trading through the Strait of Hormuz have been placed in a fresh compliance bind after Iran blacklisted 45 ships and threatened fines, detention and cargo confiscation, while Washington warned that complying with Tehran's transit regime could trigger US sanctions. Iran's newly established Persian Gulf Strait Authority (PGSA) published the "non-compliant vessels" list over the ...
Container port congestion smashes covid-era record Global container port congestion has climbed beyond the levels recorded during the Covid era, removing more than 4.3m teu of capacity from circulation and helping keep freight and charter rates elevated. Data from Linerlytica shows 4.3m teu is now waiting to berth at container ports worldwide, surpassing the previous absolute peak of 4m teu recorded ...
Washington turns to nuclear power in shipbuilding revival The US Maritime Administration (MARAD) has teamed up with CORE POWER in an agreement to accelerate a US-flagged fleet of nuclear-powered merchant ships. The memorandum of cooperation brings MARAD and the UK-founded nuclear technology company together to work through obstacles that have kept nuclear propulsion confined to naval vessels. CORE POWER is targeting first construction ...
Canada doubles down on shipbuilding with $8.2bn Quebec icebreaker order Canada has unveiled its biggest shipbuilding contract in Quebec's history, committing C$11.3bn ($8.2bn) to six new Canadian Coast Guard icebreakers at Chantier Davie in Lévis. Prime minister Mark Carney said the programme would be carried out "on a scale that has not been seen in generations", creating close to 5,000 jobs during construction and contributing ...
IMO warns piracy surge leaves more than 90 seafarers captive More than 90 seafarers are now being held by pirates and armed robbers following a resurgence of piracy in the Gulf of Aden and surrounding waters, according to the International Maritime Organization (IMO). IMO secretary-general Arsenio Dominguez issued an urgent call for their release on Monday following reports that the Seamull had been hijacked on ...
Shipping's security rulebook meets the missile age Seventeen months after the publication of BMP Maritime Security, perhaps the uncomfortable question is no longer whether the guidance is good enough. It is whether any industry guidance can keep pace with a world in which merchant ships are increasingly navigating through the middle of a naval battlefield. Maria Dixon reports. Missiles. Drones. Mines. Electronic ...
Splash Singapore: Complexio's Matthew Talbot on workforce challenges Matthew Talbot, co-CEO of Complexio, is wary of grand predictions about where artificial intelligence will take shipping next. For him, the more immediate issue is the widening gap between what AI promises and what actually happens inside a shipping company on a Tuesday afternoon. "Twelve-month predictions in this field usually overshoot. The old line about ...
Klaus-Michael Kühne: The logistics titan who built a global empire and helped shape modern shipping Klaus-Michael Kühne transformed Kuehne+Nagel from a small family freight forwarder into a global logistics leader, while becoming one of shipping's...
Core Power to work with US Marad on nuclear-powered ships The UK maritime nuclear start-up will work on a regulatory framework, and on the vast ecosystem that would be needed...
Gulf of Aden becoming 'too dangerous for seafarers', says IMO chief Piracy off Somalia's coast has burst back into life in recent months, with six vessels hijacked since April 2026
MSC returns east-west service to Red Sea Carriers have begun returning gradually to the Red Sea during the past few months, including Maersk and Hapag-Lloyd, which have...
Pacific Basin secures High Court win in Nigeria piracy case Vessel that sailed away from anchorage to avoid danger remained on-hire
Transpacific liner rates rise as Asia-Europe weakness deepens Stronger US-bound cargo growth and tight vessel capacity support Pacific prices, while weak European demand pushes Asia-Europe rates down for...
Greek-owned tanker hit in Strait of Hormuz The incident took place less than 10 miles off the Omani coast, within the southern Omani-controlled route through the Strait...
Littoral states to keep Malacca and Singapore straits free and open Conflict in Hormuz did little to dampen transits through the SOMS in the first half of the year. But a...
EU sanctions push collides with Brussels power struggle and Greek shipping anger EU foreign policy chief Kaja Kallas' plans for a sweeping new round of Russia sanctions face growing resistance from member...
Daily Briefing The more convoluted crude routes become, the higher VLCC rates go | Iran blacklists Western-linked ships as US launches 'Economic...
US truckload costs forecast to climb through Q4 into 2027 The RXO Curve index shows renewed pressure on spot and contract truckload rates as shippers take more business to bid in late 2026 and fuel costs remain volatile.
Robust trans-Pacific expected to maintain strength into Golden Week The overheated market and its resilience through September would represent a sharp reversal of the general thinking among industry participants from just one month ago.
CMA CGM, Saudis ink deal for $434 million Jeddah port investment It is the carrier's second massive terminal investment in the Middle East in the past few months and highlights the important role Jeddah plays as an alternative gateway to the war-torn Persian Gulf.
Diana Shipping pares Genco holding and the New York company's stock price barely blinks Sales in open market came on days when Genco shares actually gained value
'Godzilla' El Nino will bite grain yields and Panama Canal water levels Chokepoint disruption comes as crop yields are expected be impacted this year
Adnoc L&S splashes out $444m on two additional LNG carrier newbuildings in China Company boosts orderbook at Jiangnan to six LNG carriers, securing super-low prices
Hoegh Autoliners returns to China for six new car carriers Company steps back from ammonia-ready engines with new LNG dual-fuel order
Adnoc L&S targets four tanker segments as Hormuz crisis drives wider buying spree Abu Dhabi-based owner sends out snap purchase enquiry to hunt for older VLCCs, suezmaxes and LRs
BW LPG's Indian venture offloads elderly VLGC for $37m profit Vessel has been sold for $4m more than it was bought for 13 years ago
Fearnleys secures project deals worth $235m across sectors Total portfolio enterprise value exceeds $1.3bn
BW LPG's Indian venture offloads elderly VLGC for $37m profit Vessel has been sold for $4m more than it was bought for 13 years ago
LNG charter rates crumple to single figures as sub-letter takes bait Levels hold out in east, but for how long?
Tanker demand could soar at Med port as oil rerouted from key Black Sea terminal Broker BRS explains how Batumi in Georgia could become increasingly important
Danish Ship Finance portfolio falls to $3.4bn as clients repay loans Lender sees loan demand to benefit from newbuilding activity
US sanctions Greek bunker managers as part of new economic war on Iran Overseas units of long-running bunker operation allegedly provided services to Iranian shipping
Klaveness Combination Carriers enjoys 'sweet spot' as boss expects more volatility CEO Engebret Dahm sees strong product tanker and bulker markets
Yard scoops massive $8bn order for Canadian ice breakers Mark Carney announces domestic deal to renew coastguard fleet
Russia attacks ships linked to Ukrainian military cargoes Assaults took place in port of Yuzhny
Tanker demand could soar at Med port as oil re-routed from key Black Sea terminal Broker BRS explains how Batumi in Georgia could become increasingly important
China to retaliate if its companies are caught in wider Iranian sanctions net Secondary measures announced by US do not go down well with Beijing
Chinese chemical group moves into shipowning with gas carrier order 'Liquefied hydrocarbon' vessel will be built at Nantong CIMC
New dry bulk platform ViaNova launched by two former Bulk Atlantic partners Chartering specialists Mustafa Atesoglu and Serhat Ferhanoglu go solo and strike alliance with big Turkish owner
US warns Hormuz transit talks with Tehran will trigger sanctions Analysts say measures are seen by markets as latest case of rhetoric trumping actions
Fearnleys inks project finance deals worth $235m as investor appetite stays 'healthy' Total portfolio enterprise value exceeds $1.3bn
Hellenic Tankers more than doubles its money on VLCC sale to Yinson Tanker built in 2011 will be converted for floating production, according to broker
CMA CGM inks 'milestone' Saudi Arabian port project 'Terminals are increasingly becoming strategic assets,' says liner boss Rodolphe Saade
Chokepoint container ship fires spark call for fresh response in Singapore Littoral states face growing casualty risks in one of shipping's busiest waterways
Core Power strikes deal to develop nuclear cargo ship fleet for US amid new dawn for American shipping Domestic construction planned to start from 2028
Global LNG trade shrinks in first half 2026 with Asia hit by shortfall International Gas Union says outlook for world's natural gas trade in 2026 remains 'highly uncertain'
Vitol and Olam Agri claim world first for cashew nut liquid bunkering Trader and agri-business group say they refuelled with co-processed oil
Yard scoops massive $8bn order for Canadian icebreakers Mark Carney announces domestic deal to renew coastguard fleet
MSC returns to Red Sea for Asia-Europe service Swiss giant among growing number of liner operators resuming Suez Canal route
New dry bulk operating platform launched by two former Bulk Atlantic partners Chartering specialists Mustafa Atesoglu and Serhat Ferhanoglu go solo and strike alliance with big Turkish owner
Shadow Russian LNG vessels ply opposite routes on voyages to Asia Newcomers to trading fleet take on their first long-haul shipments
Onassis cashes in on Adnoc VLCC hunger as asset play beckons for Thenamaris tanker New transactions emerge in red-hot secondhand market for big crude carriers
Greek tanker adrift in Strait of Hormuz after projectile hits engine room Engine-room damage leaves vessel immobilised in latest attack on Middle East shipping
Tanker adrift in Strait of Hormuz after projectile strike hits engine room Engine-room damage leaves vessel immobilised in latest attack on Middle East shipping
Thai carrier racks up container newbuilding orders in return to China RCL refreshes its feeder fleet with a quartet of new vessels for delivery in the first half of 2029
Seafarer killed by Black Sea drone strike on rescue ship Tragic fate of Turkish cook revealed by his family
US warns of sanctions risk for talking with Iran's strait guardians Analysts say measures are seen by markets as latest case of rhetoric trumping actions
Torm boosts board with former oil company boss Jann Brown Owner says appointment reflects focus on strong governance and value-creation
TotalEnergies shipping oil 'very quietly' through Strait of Hormuz, CEO says Patrick Pouyanne boasts that his firm is the biggest trader of oil from Iraq and Qatar
Ernst Russ boss Joseph Schuchmann signs up for another five years German owner says rates increased in the first half of this year
Diana Shipping banks higher time-charter rate for panamax bulker Greek owner extends contract with Cargill at $18,000 per day
Klaveness Combination Carriers hikes dividend and profit amid 'geopolitical turmoil' Norwegian owner has positive outlook for second half
Yangzijiang Maritime stacks orderbook with up to six stainless steel chemical tankers Ren Yuanlin-led company joins forces with Taihua Ship Management on $276m chemical tanker order
Tanker disabled off Oman after unknown projectile hits engine room Engine-room damage leaves vessel immobilised in latest attack on Middle East shipping
Trump's 'Operation Economic Outcast' extends sanctions risk across Iran's shipping sector Treasury secretary Scott Bessent describes measures as beginning of 'onslaught'
Projectile disables oil tanker off Oman Engine-room damage leaves vessel immobilised in latest attack on Middle East shipping
Trump team's 'Operation Economic Outcast' extends sanctions risk across Iran's shipping sector Treasury Secretary Scott Bessent describes measures as beginning of 'onslaught'
Julian Panter checks in at OSM Thome with Middle East expansion focus Former Columbia executive tasked with growth in turbulent region
Dolly Parton dies at 80, two months after opening Tennessee truck stop Dolly Parton, the country music legend whose final business ventures included a Tennessee travel center aimed at truck drivers and highway travelers, died Tuesday at age 80. Parton died peacefully in Nashville, Tennessee, according to her publicist. A cause of death was not disclosed, according to the Associated Press . Her death comes almost exactly two months after Parton made a surprise appear
U.S. Postal Service plans 6% peak season surcharge for parcels The U.S. Postal Service on Tuesday proposed surcharges for domestic package delivery during the peak holiday season to cover extra handling costs, following the lead of large parcel carriers like FedEx and UPS that annually tack on holiday premiums. The announcement adds to rising cost pressures felt by shippers this year, especially since the Iran war choked off many Middle East oil supplies and
A newcomer to Roadcheck driver violations top 5: speaking English Looking over the statistics released by the Commercial Vehicle Safety Association (CVSA) on May's International Roadcheck Week , the data looks pretty much like that of Roadcheck Week 2025. With one big exception: English language proficiency (ELP). That category of driver violation last year was not in the top 5 of reasons why a driver was given an Out of Service (OOS) order (as opposed to an OO
Mexican trucking group urges US to clarify B-1 visa revocations Why it matters: Inconsistent interpretations of cabotage rules could remove experienced drivers from cross-border operations, tighten available capacity and create additional uncertainty for manufacturers, carriers and shippers that depend on predictable U.S.-Mexico freight flows. Mexican trucking industry leaders are calling on U.S. border officials to establish clearer and more consistent rules
New return: Another container line is back in the Red Sea While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit (FEU), according to the latest Baltic Index from SONAR data contributor Freightos. Asia-U.S. East Coast prices were 2%
BMO Trucking Credit: The END of Transparent Data? | FreightWaves The trucking industry is losing a critical source of credit insight as BMO sells its transportation finance unit. FreightWaves' John Kingston, who pioneered tracking BMO's unique data, reveals how trucking credit quality is finally strengthening just as this transparent data source disappears. He also dives into rising diesel prices, heating oil's election impact, and the overlooked risk of refin
Freight Pricing: Who REALLY Holds the Power? Tabi's Rush Feldhacker breaks down who currently holds the pricing power in the unpredictable freight market using their new Pricing Pressure Index. Learn how brokers are leveraging data to make smarter spot rate decisions, and why shippers are feeling the market shift later than expected. Discover the latest trends and what to expect in the second half of the year. A new freight pricing index fr
Freight Market Health: What 13.57% Rejections Mean The freight market is stabilizing, with tender rejections at 13.57%. But don't let this "healthy" period fool you; volatility is on the horizon. Learn what FreightWaves' experts say about current market conditions, upcoming Q4 surges, and how this impacts shippers and carriers. Get ready for a dynamic end to the year. Truckload tender rejections have settled near 13.57% after spiking to a cycle p
Used Truck Market: Why Supply & Pricing are So Strong Now The used truck market is experiencing unprecedented strength! Daimler Trucks' Chris Backeberg explains why sleeper inventory is below COVID levels, leading to strong pricing and gains for carriers. Discover how OEMs coordinate new truck orders with remarketing strategies, and what this means for fleet balance sheets and maintenance cycles in the current supply chain landscape. Used sleeper truck
Gatik raises $200M to scale driverless freight to thousands Gatik announced Tuesday it raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest and Intact Private Capital also joined the round. The money will support expansion of Gatik's driverless freight operations from the dozens of trucks today to thousands in the years ahead. Gatik has completed 85,000 fully driverle
Deputies recover $150K in New Balance shoes after BNSF boxcar burglary California deputies recovered more than $150,000 in New Balance shoes after reports of people breaking into BNSF Railroad boxcars. The San Bernardino County Sheriff's Department's Barstow Station announced the recovery Aug. 24. Authorities arrested Leonardo Martinez Navarre, 29, after he fled a traffic stop near Daggett. Daggett is an unincorporated community in San Bernardino County, about 10 mi
Canada retaliates against US with tariffs of up to 50% as trade war escalates Why it matters: With trucks carrying more than half the value of U.S.-Canada freight, escalating tariffs threaten to disrupt cross-border volumes, manufacturing supply chains and carrier demand along major gateways such as Detroit, Port Huron and Buffalo. Canada announced retaliatory tariffs of up to 50% on billions of dollars of U.S. goods Tuesday, escalating a trade dispute between the two coun
Broker RXO sees TL spot rate surge extend into Q3 Freight broker RXO said Tuesday that its truckload spot rate index recorded its biggest sequential gain in five years during the second quarter. The dataset, which tracks linehaul rates excluding fuel surcharges, has continued to step higher in the third quarter. "The index has not experienced this level of rate inflation since pandemic-era surges, with the second quarter hitting both the highest
Rail mega-merger revives proposal for new, expanded Atlanta passenger services - and there's a trucking angle A bold proposal to reduce the number of major freight railroads could open the door for a dramatic expansion of rail passenger service in fast-growing Atlanta. Proponents see the merger of Union Pacific (NYSE: UNP ) and Norfolk Southern (NYSE: NSC ) to create the first transcontinental railroad as a once-in-a-generation opportunity to leverage local support and transform the Atlanta metroplex pas
Benchmark diesel price is now highest since war began The benchmark diesel price used for most fuel surcharges hit an important milestone this week: it is at its highest level since military action commenced against Iran in early March. The weekly Department of Energy/Energy Information Administration average weekly retail diesel price rose 19.8 cents/gallon to $5.652/g, effective Monday but published Tuesday. The previous high price was $5.643/g se
Likely BMO swan song shows trucking credit strengthening In what might be the last publication of a revealing look at the credit conditions in the trucking industry, the quarterly earnings of bank BMO released Tuesday showed the stronger freight market impacting its numbers. BMO, the former Bank of Montreal and one of the largest lenders to the trucking industry, has announced its plans to sell its transportation unit to private equity firm Stonepeak i
Feds: USPS carriers stole nearly $24M in checks, shipped them through FedEx Federal prosecutors accuse three Houston U.S. Postal Service carriers of stealing checks worth nearly $24 million. A federal grand jury charged five people in the Southern District of Texas on Aug. 19. The indictment describes a scheme involving $23,973,338.15 in stolen checks. Prosecutors say the group offered those instruments through Telegram and used FedEx for deliveries. The court filing nam
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
