Why naval architects can no longer treat cybersecurity as an afterthought Cybersecurity is rapidly becoming part of the vessel design conversation. That shift will be the focus of the upcoming Marine Log and the Society of Naval Architects and Marine Engineers (SNAME) virtual
Crowley Stena Immaculate mariners honored with Gallant Ship Award Crowley mariners aboard the U.S.-flagged tanker Stena Immaculate received the MARAD Gallant Ship Award on May 22, 2026, during National Maritime Day observances in Washington, D.C. Established in 1944, the Gallant Ship
Steiner Shipyard delivers Alexa Golding towboat The M/V Alexa Golding recently joined Golding Barge's inland waterways fleet in Vicksburg, Miss., as a new 2,800-hp retractable twin-screw towboat designed by Sterling Marine and constructed by Steiner Shipyard in Bayou
Houston Ship Channel tonnage up 12% in first quarter According to the most recent data, waterborne tonnage moving in and out of Houston in the first quarter of 2026 reached 65 million short tons, up 12% compared to last year, reports
OpenTug partners with rail freight intelligence platform Telegraph Inland river, import, and export terminals rely heavily on railcars and barges to facilitate the movement of goods to end users. Yet, operational planning for rail and barge traffic often happens in
ABB upgrade converts Galápagos expedition yacht to hybrid-electric Quasar Conservation ABB is collaborating with Ecuador-based Quasar Expeditions to modernize its iconic Galápagos expedition yacht Galú to hybrid-electric propulsion. The conversion will transform the vessel, originally built by Italian shipyard Benetti in the
ABS launches new Sea Tech Innovation Exchange at Athens event ABS has launched the ABS SeaTech Innovation Exchange, consisting of two advanced technology centers in Athens, Greece, and Houston, Texas, focused on accelerating maritime innovation, applied research, and partnership with leading academic
Wärtsilä expands production capacity by 65% to meet rising marine and energy demand Wärtsilä will invest approximately EUR 90 million to further expand its technical production capacity at its Sustainable Technology Hub in Vaasa, Finland. The latest investment will increase Wärtsilä's technical production capacity by an additional 30%. Combined with the previously announced 35% expansion earlier this year, the company's total planned capacity increase will reach 65% compared to
Imabari Shipbuilding delivers 40,000 DWT bulk carrier PAIWAN FORTUNE Imabari Shipbuilding has delivered the 40,000 deadweight-ton bulk carrier PAIWAN FORTUNE from its Head Office & Imabari Shipyard. The vessel is designed to transport a wide range of cargoes, including grain, coal, ore, cement, steel coils, and long steel products. PAIWAN FORTUNE features a double-hull box-shaped hold construction with topside tanks and four deck cranes for cargo handling operatio
Konecranes secures $51.2 million crane order from US Navy Konecranes has received a $51.2 million order from the US Navy for a heavy-lift portal jib crane. The order was booked in May 2026 and marks the seventh portal jib order secured by Konecranes under an agreement first announced in 2019. The 175-ton crane will be delivered to Portsmouth Naval Shipyard in Kittery, Maine. Konecranes said the crane will be built in Wisconsin and installed at the naval
Intra-Asia container rates rise 2% as Hormuz disruption pressures market Drewry's Intra-Asia Container Index (IACI) increased 2% to US$959 per 40ft container on 22 May, reflecting continued pressure on regional freight markets. The index is now nearly 75% higher than levels recorded before the Iran conflict escalated. According to Drewry, higher bunker costs, vessel rerouting, tighter effective capacity and ongoing disruption around the Strait of Hormuz continue to pu
Grimaldi christens ammonia-ready car carrier Grande Svezia in Sweden Grimaldi Group christened its ammonia-ready pure car and truck carrier (PCTC) Grande Svezia at the port of Wallhamn in Sweden. The vessel joined Grimaldi's next-generation fleet in December 2025. The company designed the ship for future ammonia fuel use. Wallhamn, Sweden's only private port, hosted the ceremony. Grimaldi operates the port. Grande Svezia serves the Group's EuroMed network. The ser
LX Pantos Americas expands US presence with Virginia logistics partnerships LX Pantos Americas has signed separate Memorandums of Understanding with the Virginia Economic Development Partnership and Port of Virginia to strengthen logistics collaboration and support future growth in the United States. The agreements were signed during a ceremony at LX Pantos Americas' new regional headquarters in Teaneck, New Jersey. The partnerships aim to deepen the company's investment
How the Hormuz crisis is normalizing administered access There is a moment when an exception becomes a precedent. For global maritime trade, that moment arrived not with a naval battle or a formal closure declaration, but with a quiet sequence: a reinsurer's withdrawal, a P&I club's 72-hour cancellation notice, and the selective authorization of Chinese-linked tankers through a strait that remained physically open
HJSC Q1 operating profit jumps 347% on strong shipbuilding growth HJ Shipbuilding & Construction reported a sharp increase in first-quarter earnings as revenue from high-value vessel construction boosted profitability. The company posted consolidated revenue of KRW 541.4 billion in the first quarter, up 32% year-on-year. Operating profit surged 347% to KRW 24.6 billion, compared with KRW 5.5 billion in the same period last year. Net profit also climbed 355% to
TVL Marine joins container shipping newcomer league Taiwan-based freight forwarder and technical ship manager TVL Marine will enter the container shipping business in June, with the opening of its Hong Kong office this month. The TVL group's origins go back to 1972, when Trans Van Links Express Corp. was incorporated in Taiwan
Port of Vancouver launches battery electric container trucking pilot programme The Port of Vancouver has commenced battery electric container truck operations as part of the Electric Container Trucking Program, known as ELECTRA, a pilot initiative supporting the transition away from fossil fuel-powered freight equipment at the port. The programme is currently operational with four trucks on the road and two more expected to enter service later in the year, operated by five
Maersk updates inland fuel surcharges Maersk is implementing an export fuel surcharge (EFS) and import fuel surcharge (IFS) of 5% on the base price across all inland routes, effective May 27, 2026. The move comes in response to rising global fuel prices driven by the ongoing geopolitical situation in West Asia. The carrier says fuel costs represent a significant portion of line-haul expenses. The sharp upward trend in prices is direc
Crew strike begins on Eimskip vessels An indefinite strike by crew members has officially started on several ships owned by Icelandic shipping line Eimskip. The strike began on Monday, May 25, after wage negotiations failed to reach an agreement. Impact on shipping operations The strike was called by the Icelandic Seamen's Union (SÍ) and involves bosuns and able seamen. The industrial action directly impacts Eimskip's fleet: Vessels
Yusen Logistics deploys cargo.one AI platform for global air freight operations Yusen Logistics has partnered with cargo.one to deploy an AI-powered operating system across its global air freight sales and procurement operations. The collaboration will support rate procurement, quoting and booking functions across Yusen Logistics' worldwide network, including inter-branch transactions. More than 100 Yusen Logistics branches will gain access to cargo.one's AI-native platform
US strikes Iran missile sites as ceasefire talks face new uncertainty US forces launched strikes on missile sites and suspected mine-laying boats in southern Iran, raising fresh concerns over the future of ongoing negotiations aimed at ending the Middle East conflict. US-Iran draft deal outlines Hormuz reopening and sanctions relief According to US Central Command, the attacks targeted Iranian missile launch sites and vessels allegedly attempting to deploy mines ne
Port of Koper reports 9% container growth in Q1 2026 Port of Koper reported positive cargo throughput growth during the first quarter of 2026 despite ongoing geopolitical and economic challenges. The port's Container Terminal handled 326,256 TEUs between January and March, representing a 9% increase compared with the same period last year. March also marked a new monthly record for the terminal, with 114,397 TEUs handled in a single month. Port of
SAAM orders second tug from ASENAV for fleet expansion plan SAAM Towage has ordered a second tugboat from Chilean shipyard ASENAV as part of its fleet expansion and modernization strategy. The new vessel follows another tug order placed earlier this year, further strengthening the partnership between the two companies. The tug will be based on the Robert Allan RAstar 3200W design and will measure 32 meters in length. It will deliver bollard pull of more t
Euroseas secures new charters for feeder duo Nasdaq-listed Euroseas has secured a new time charter for a duo of feeder containerships with an undisclosed client. Euroseas said that its 2024-built 1,800 teu feeders Stephania K and Pepi Star, for a minimum period of 24 to a maximum period of 26 months, at the option of the charterer, at a gross daily rate ...
Open hatch giant G2 Ocean expands fleet with six newbuilds from Grieg and Seaspan Norwegian open hatch specialist G2 Ocean is pressing ahead with a major fleet renewal programme, adding six new gantry crane vessels. The Bergen-headquartered joint venture between Gearbulk and Grieg Maritime Group said the six newbuildings will join its pool fleet from 2029, strengthening its position in the specialised open hatch segment and giving it greater ...
Reach Subsea teams up with Beacon Offshore for Australia push Norwegian subsea services specialist Reach Subsea has entered into a memorandum of agreement with Beacon Offshore, establishing a strategic partnership to jointly pursue subsea projects in Australian waters. Under the agreement, the parties will collaborate exclusively to market, tender for, and execute subsea projects in Australia, combining Reach Subsea's engineering and technology offering wit
De Jong Shipping takes stake in Belgian inland shipping specialist TransMatch Dutch maritime operator De Jong Shipping Group has acquired a minority stake in Belgian inland shipping company TransMatch, marking its first structural move into the Belgian market and strengthening its position in the inland waterways sector. The investment forms part of De Jong's strategy to expand its inland shipping activities and increase its commercial reach ...
Navios Partners details VLCC newbuild programme New York-listed Greek shipping group Navios Maritime Partners has confirmed its long-rumoured return to the VLCC newbuilding market, unveiling a deal for four supertankers with options that could expand the programme to as many as eight ships. The Angeliki Frangou-led owner said it has agreed to acquire four scrubber-fitted VLCC newbuildings from an unrelated third ...
Wealth Holdings doubles down on MPP sector with larger China newbuilds Singapore-based Wealth Holdings is stepping up its investment in the multipurpose vessel sector, placing a fresh order in China for larger tonnage just months after entering the market with its first MPP newbuilding programme. The company's shipping arm, Wealth Holding Shipping, has teamed up with Hong Kong-based Pusheng Shipping and Nantong Yahua Shipbuilding Group for ...
Asyad deepens dry bulk push with baby cape purchases Oman's Asyad Shipping is continuing its expansion in the dry bulk market, agreeing to acquire two modern baby capesize bulk carriers as it builds scale in larger vessel segments. The Muscat-listed owner said it has struck a deal to purchase two secondhand 100,309 dwt bulkers for a total consideration of about $75.8m, with deliveries expected ...
Bourbon secures long-term offshore services deal in the Philippines French offshore vessel player Bourbon has won a long-term offshore services agreement with Prime Energy Resources to support its offshore operations in the Philippines. The deal, set to be delivered in partnership with Malaysian OSV player Bahtera Sri Kandi, is for a three-year firm period with a two-year extension option. The contract is scheduled to ...
Morgan Stanley predicts prolonged vessel undersupply across energy trades A sweeping new Morgan Stanley research report argues that Asia's energy security crisis is triggering an investment supercycle that will reshape commercial shipping for the rest of the decade, driving tanker orderbooks higher, accelerating shipyard capacity expansion and generating sustained demand across the coal, LNG and crude carrier sectors. The 150-page report suggests the Hormuz ...
Titan Wind Energy lands FPSO hull construction order Chinese firm Titan Wind Energy has secured a hull construction order for a floating production storage and offloading (FPSO) vessel. In a Shenzhen stock exchange filing, the company said the order was worth around 568m yuan ($83.6m). The hull, which will have an overall length of 199.2 m, a beam width of approximately 41 m ...
Eni gives go-ahead for $4bn Ivory Coast project Italian major Eni and its partners, Petroci and Vitol, have approved the final investment decision for the Baleine Phase 3 project offshore the Ivory Coast. The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and gas output from 80 to 200mmcf per day. The project is reportedly worth ...
Well-Safe Solutions wins first well operatorship contract in North Sea Decommissioning specialist Well-Safe Solutions has been awarded a new contract to provide full well operatorship and asset execution for an unnamed client in the UK North Sea. With this first-ever well operatorship contract for the company, Well-Safe Solutions is expanding its service offerings by leveraging Tier 1 capabilities to provide fully integrated well-lifecycle services. The ...
Brokers see powerful El Niño adding fuel to freight rally A growing chorus of shipbrokers, banks and analysts are warning that the return of the El Niño weather phenomenon later this year could deliver a meaningful boost to shipping markets across multiple sectors, compounding disruptions already in train from the Hormuz crisis and Panama Canal congestion. The trigger is a significant upgrade to El Niño ...
OFAC-approved demolition deal could reshape shadow fleet exits The United States has granted a licence to the world's largest cash buyer of ships to purchase four sanctioned containerships for scrapping, in a decision that could open a legitimate exit route for owners trapped in the shadow fleet. OFAC approved Dubai-headquartered GMS to buy the Yogi, Timon, Rantanplan and Bigli - four vessels linked ...
Magnetic mines found on hull of LPG tanker at Russian port of Ust-Luga Russia's FSB security service says it has foiled what it is calling a terrorist attack after divers discovered magnetic explosive devices attached to the hull of a liquefied petroleum gas tanker that had arrived at the port of Ust-Luga from Antwerp. The Liberia-flagged Arrhenius, managed by UAE-based Maple Mariner Holding, entered Ust-Luga on May 20 ...
Shipping's biggest efficiency gains are already onboard Arnaud Dianoux, the CEO of Opsealog, on the fuel-saving edge owners keep overlooking. Fuel efficiency has always been at the top of any charterer's agenda, and for shipowners, emissions compliance is fast becoming an equally pressing concern. As the industry continues to absorb disruption through rerouting around geopolitical flashpoints, managing fuel price volatility and preparing ...
Jumbo expands heavylift fleet with newbuild brace in China Dutch heavylift shipping specialist Jumbo is bolstering its fleet with a pair of next-generation multipurpose vessels in China. The Rotterdam-based owner has signed a contract with Chinese manufacturer and shipbuilder Dajin Heavy Industry for two 25,000 dwt heavylift vessels worth approximately $156m. The ships are scheduled for delivery in 2028 and 2029 and will be ...
Three dead in lifeboat incident on Petronas FSO Malaysia's state-owned oil and gas giant Petronas has confirmed that three contractor personnel were killed when a lifeboat detached and fell into the sea during maintenance work at one of its FSO units off Malaysia. The incident occurred at approximately 12:50 pm local time on Sunday on the Sepat floating storage offloading (FSO) unit. Four ...
Tanker rates surprisingly normal as epic Hormuz crisis nears three-month mark Shipping, by nature, adapts to unusual and dramatically changed trading environments. Route diversions are a feature, not a bug. The...
Fleet expansion lifts Performance Shipping revenues A net fleet increase of four tankers, including suezmax sector debut, boosts Greek tanker owner's earning power
Strait of Hormuz traffic falls as reopening efforts make little headway Hormuz transits plunged to nearly half their previous levels last week, with US interdictions, Iran's new traffic authority and stalled...
October trial set for Mercuria v Baltic Exchange fight over Hormuz VLCC benchmarks The Baltic Exchange has argued a Mercuria win would create 'almost incomprehensively large' knock-on effects, with every contract that had...
Tanker reports explosion off Oman The incident took place 60 nautical miles east of Muscat, UK Maritime Trade Operations reported
G2 Ocean confirms more newbuilds as it continues to retire older tonnage Bergen-headquartered company is also divesting older ships and recently sold the 1991-built Grouse Arrow for recycling in India
US container cartel charges could backfire and drive consolidation in China-dominated market The US indictment of four Chinese container manufacturers, if too aggressive, will weaken market competition while leaving China's overall production...
Owners have right to refuse orders without sanctions breach proof, Court of Appeal rules Risk of exposure alone vindicated Tonzip's Maritime's stance, argued Foxton LJ
The Week in Charts: Iran's shadow fleet exercising caution, but has not completely abandoned market | One in every six Strait of Hormuz transits is fraudulently flagged Lloyd's List's weekly showing of the data and figures behind our news, analysis and markets coverage
Russian security service finds mines on LPG carrier The Russian security service said the mines were discovered during an underwater inspection of the gas carrier at Ust-Luga
Middle East port update: Tuesday, May 26 In Kuwait, Shuaiba and Shuwaikh ports at ISPS Level 2
The week in newbuildings: Tanker orders lead busy week for Asian shipbuilders Shipyards in China, Japan and South Korea recorded strong newbuilding ordering activity in the past week
Hormuz reopening? Shipping isn't holding its breath At Intertanko's Hong Kong summit, the shipping industry confronted a sobering reality: safe passage through Hormuz no longer exists, and...
US launches defensive strikes on Iranian vessels attempting to lay mines Strikes come as a peace agreement is being negotiated amid a ceasefire that began on April 8
FMC collects civil penalty from Maersk on detention bills The US maritime regulator said the ocean carrier will also refund third parties that paid detention bills and will limit future billing to shippers and consignees.
Early-stage tech fund targets maritime industry with $200 million TMV said the new funding will seed companies that want to apply new technologies to the maritime industry, shipbuilding, and related infrastructure.
China widens regulatory crackdown on filing of ocean transport rate data The move is likely to raise costs for forwarders and carriers as they devote more resources to ensure compliance with rate filing procedures, and it could hasten a wider shakeup in China's logistics sector.
Samsung levels D&D complaint against Wan Hai with FMC The South Korean electronics conglomerate said it should not be held liable for more than $1 million in charges resulting from container delays that Wan Hai-contracted truckers experienced between 2020 and 2022.
Middle East war adds $5.5 billion to ocean carriers' bunker costs: Sea-Intelligence Costs rose sharply following the start of the war, and although emergency fuel surcharges were quickly levied on spot shipments, cargo under contract was locked into quarterly BAFs.
Crowley crew wins US gallantry award for response to Stena Immaculate incident Award recognises safe evacuation of tanker after it was hit by container ship
Safe Bulkers makes a splash at Athens Stock Exchange with dual listing Polys Hajioannou-led bulker owner clears hurdles to list shares in Greek stock market
Investor launches new cleantech fund to accelerate fleet improvement start-ups Technical advice to come from Njord and offers investors access to early trials
Explosion on tanker as Iran vows revenge for latest US air strikes Master of Greek-controlled VLCC reports no injuries but some bunker fuel discharging into the sea
TMV launches $200m maritime-focused fund with big name strategic investors Classification society ABS and logistics real estate major Prologis join in new fund
Be wary of 'scrapping will save us' thesis, Evercore warns tanker investors Long-time analyst Jonathan Chappell argues scrapping only happens when rates crater
Investor launches new cleantech fund to accelerate fleet improvement startups Technical advice to come from Njord and offers investors access to early trials
Odfjell sees boost from Gulf disruption as customers rethink supply chains CEO disrupted chemical tanker markets for approximately 12 months ahead
Shipowners can cancel fixtures over sanctions fears, court rules English judge reverses lower court ruling in row over cancelled fixture linked to sanctioned Russian billionaire
Offshore shipping pioneer Johannes Solstad dies aged 95 Son Lars Peder Solstad pays tribute to company founder
Mercuria stacks up tanker and bulker orders worth $300m Swiss group has inked a total of 18 newbuildings worth around $1.4bn this year
LNG carriers trickle out of the Gulf via 'closed' Strait of Hormuz Adnoc-controlled vessel effects entry in ballast and exits with shipment
Seaspan Corp and Grieg order six ammonia-ready bulkers to boost G2 Ocean fleet World's biggest operator of open-hatch ships to expand further from 2029
Seaspan and Grieg order six ammonia-ready bulkers to boost G2 Ocean fleet World's biggest operator of open-hatch ships to expand further from 2029
Mercuria teams with Vardinoyiannis family on Greek FSRU Trader and Motor Oil Hellas unit to cooperate on long-term gas project
Former BW LPG executive Niels Rigault hired by Awilco LNG New chief commercial officer will oversee chartering and trading operations
US strikes 'mine-laying vessels' in Iran as ceasefire hopes remain Peace talks continuing against backdrop of mistrust and threats of resumption of war
Capital Tankers adds $235m of financing as newbuilding deliveries ramp up Evangelos Marinakis company logs profit for first operational quarter
Price of passage: Hormuz crisis raises spectre of $136bn sovereign shipping tollbooths Struggle for control of the strait has led to questions about 400 years of navigational freedom
Frontline speeds up new VLCC deliveries as market set for post-Iran war restocking Clarksons calculates that Chinese demand could tie up 25 big tankers when Strait of Hormuz reopens
Europe's ageing coaster fleet faces $6.5bn replacement challenge, analyst warns Smaller shipowners face lack of financing for renewal
Magnetic mines found on hull of LPG carrier in Russia The vessel Arrhenius had arrived from Belgium
German owner Blumenthal buys first kamsarmax bulker for 2026 Purchase comes as firm coal demand helps drive bulker values to multi-year highs
NYK to issue bonds to fund decarbonisation projects and LNG-fuelled vessels Tokyo-based shipping giant will launch its sixth transition bond in the Japanese domestic market in June
Russia investigators report back from Libya on blast-hit LNG carrier Arctic Metagaz New photos released of listing, sanctioned vessel 12 weeks after it was engulfed in flames
SONAR Sitrep: Retailers roll back customer pick-up, reallocate freight Between 20% and 45% of outbound truckload volume for mid-to-large consumer packaged goods (CPG) shippers moves under Customer Pick-Up (CPU) arrangements in soft markets. But as the freight market undergoes a rapid reallocation of transportation responsibility, these arrangements are reversing -often with little to no warning. As the freight cycle recovers and capacity tightens, CPG shippers are c
Walmart launches LTL truck consolidation program for suppliers Walmart is simplifying inbound logistics and reducing costs for suppliers that prepay for freight service by enabling them to more easily combine less-than-truckload shipments into full truckloads at automated consolidation points that feed the company's regional distribution centers. The new prepaid consolidation program allows suppliers that leverage Walmart's supply chain network to merge ship
FedEx Freight donation revives UA Northark CDL training program North Arkansas College of the University of Arkansas (UA Northark) is relaunching its commercial driver's license training program in Harrison, Arkansas, after an 18-month pause. The relaunch is supported by a donation of two tractors and two 48-foot trailers from FedEx Freight. The contribution gives students access to industry-standard equipment amid a persistent shortage of qualified professio
Attorney Generals urge STB to reject new rail merger application The top law enforcement officers from six states today urged the Surface Transportation Board to reject Union Pacific and Norfolk Southern's revised merger application. In a letter to the regulator, including new member Richard Kloster who was approved by the Senate last week, Montana Attorney General Austin Knudsen wrote that his group is "concerned that the application for the proposed merger b
Supreme Court rejects Florida lawsuit over immigrant truck driver CDLs The U.S. Supreme Court on Tuesday rejected Florida's attempt to sue California and Washington over the issuance of commercial driver licenses (CDLs) to immigrants who are not legally authorized to be in the U.S., according to the Associated Press and media reports. The ruling ends - at least for now - a closely watched legal battle tied to trucking safety and immigration enforcement. The case ste
Why the Moment for RNG in Heavy-Duty Trucking Has Finally Arrived For more than three decades, renewable natural gas (RNG) has occupied a particular lane in the alternative fuel conversation. It's been respected but never quite mainstream in Class 8 trucking. The engine technology wasn't there, the fueling network had gaps, and diesel, for all its volatility, was the devil fleet operators knew. Chad Lindholm, Clean Energy 's Senior Vice President, thinks that c
One of the world's largest freight forwarders just signed a new 'milestone' agreement with a major East Coast port LX Pantos Americas has signed separate development Memorandums of Understanding (MoU) with the Virginia Economic Development Partnership and the Port of Virginia. The unit of the South Korean forwarder said that agreements will deepen LX Pantos Americas' investment in the mid-Atlantic state, aiming to establish a strategic framework for collaboration that will strengthen operations, enhance visib
From Boxcars to a Billion-Dollar Network In 1966, Canadian Pacific Railway had a problem. Empty boxcars were piling up in Eastern Canada with no payload for the return trip west. The solution was a small freight company called Fastfrate , created specifically to fill those cars with less-than-truckload shipments bound for Western Canada. Six decades later, that single-service operation has become one of North America's largest privately
Prologis anchors $200M maritime innovation fund Prologis Ventures has committed to co-anchor the launch of TMV Logistics, a new $200 million venture fund dedicated to maritime and logistics innovation and safety. With over $235 billion in assets under management, Prologis ( NYSE: PLD ) holds a critical position in global trade. Anchoring the TMV Logistics fund will allow the company to address maritime-oriented supply chain needs. "With a glob
AGX sues R&R, Huntington over frozen credit line, unpaid carrier invoices Jacksonville-based AGX Freight has accused R&R Family of Cos., CEO Richard "Rich" Francis and Huntington National Bank of stripping the company of working capital and pushing it into insolvency, according to newly filed lawsuits tied to the growing collapse of the Pittsburgh logistics group. The litigation marks the latest escalation in the widening fallout surrounding R&R Family of Cos. and its
USPS, letter carriers head to mediation for new contract Negotiations between the U.S. Postal Service and the union representing its largest group of letter carriers on a new collective bargaining agreement have entered a 60-day mandatory mediation period after the current contract expired on Friday. Representatives for the National Association of Letter Carriers and the Postal Service were unable to finalize a deal during talks in Washington last, the
20 illegals found in CTPAT truck led by former TXTA Chairman On May 22, 2026, Texas DPS troopers stopped a Volvo truck in Webb County. The driver tried to run. When troopers searched the sleeper berth, they found 20 people hidden inside, including four children. While DPS and CBP do their very best to hide the identities of these smuggler trucks, we know the truck was operating under the identity of Super Transport International LTD, DOT 692863, out of Lar
World's third biggest shipping line sees Q1 earnings crash It's CMA CGM's turn in the barrel. The world's third-largest container carrier saw core earnings (EBITDA) plunge to $1.5 billion in the first quarter, down 41.3% from $2.53 billion a year ago, as modest volume growth failed to offset a weak rate environment. Marseilles-based CMA CGM said volumes improved 1.5% y/y to 5.9 million twenty foot equivalent units (TEUs), driven by growing demand in a vo
Trucking fleets must adapt faster as regulations, AI reshape industry, experts say AUSTIN, Texas - Trucking industry leaders said fleets are facing one of the fastest periods of operational and regulatory change in recent memory, forcing carriers to adapt quickly on issues ranging from English-language enforcement and non-domiciled commercial driver's licenses to AI-powered fleet technologies and driver retention strategies. The discussion took place during a trucking industry
Australia Post to raise stamp prices by 9% Australia Post will move forward with plans to raise the basic postage rate from AUS$1.70 to $1.85, an 8.8% increase, after a formal review by the Australian Competition and Consumer Commission. The national post said Monday it needs to charge higher prices for letter mail to help address losses stemming from the ongoing decline in letter volumes, which dropped 11.75% in fiscal year 2025 and are
Condor expands cargo menu with express offering Condor, the Frankfurt, Germany based airline with stripped aircraft, has added an "express" product for shippers with time-critical freight. The new offering is primarily aimed at shipments where short transit times are critical to maintain production, avoid disruptions and deliver goods to end customers on schedule, the company said last week. Customers benefit from significantly reduced deliver
Stord raises $250M to harness AI for e-commerce logistics Fast-growing e-commerce logistics specialist Stord announced Tuesday it has raised $250 million in late-stage venture capital funding that values the company at $3 billion and will be used for rapid development of artificial intelligence and robotics technology so smaller brands can better compete with retail giants like Amazon. The Series F funding round brings the total amount raised by Stord s
How legislators and insurers built a trucking crisis Commercial auto insurance posted a $4.9 billion underwriting loss in 2024. That is the fourteenth consecutive year of losses. The combined ratio finished at 107.2, meaning insurers paid out $1.07 in claims and expenses for every $1.00 they collected in premiums. AM Best says the line has accumulated more than $10 billion in net underwriting losses in the last two years alone. Among the top 20 com
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