Cadmatic strengthens presence in U.S. shipbuilding market Turku, Finland-based marine design software specialist Cadmatic is hiring more local specialists to serve its rapidly growing customer base in the U.S. shipbuilding market. This reflects Cadmatic's confidence in the growth potential
GAO reports on costly Navy attack submarine maintenance delays The U.S. Government Accountability Office (GAO) has now released a public version of a classified report released in June that found that 10 years of maintenance delays to U.S. Navy submarines have
WIMOs names Valerie Anderson executive treasurer of its national board Women In Maritime Operations (WIMOs) has appointed Valerie Anderson as executive treasurer of the its national board of directors. She succeeds Laura Lewis, who is stepping down after seven years of leadership
Caterpillar receives AiP for MaK dual-fuel conversion Caterpillar recently announced receipt of approval in principle (AiP) from DNV for its fuel-blending conversion solution for MaK engines, aligning with a fuel-blending conversion pilot project conducted at a testing facility that
Fincantieri Marghera floats out Oceania Sonata Norwegian Cruise Line Holdings Ltd.'s Oceania Cruises brand marked a major milestone in the construction of its newest ship, Oceania Sonata, as the vessel was floated out today at Fincantieri's Marghera shipyard
Master Boat Builders launches Defiant, third of eight tugs for Maritime Partners Master Boat Builders has launched Defiant, the third of eight tugboats the Coden, Ala., shipyard is building for Metairie, La.-based Maritime Partners. The 88-foot Defiant is classed as an A1 Escort Tug
Maersk increases destination handling charges for Sudan Maersk will revise its Destination Handling Charge for shipments from worldwide origins, excluding Saudi Arabia, to Sudan. The updated DHC will apply to dry, reefer and special containers. Maersk will charge EUR 125 for each 20-foot container and EUR 189 for each 40-foot container. Effective dates The revised charges will apply according to the shipment's Price Calculation Date: Vietnam: 15 Septe
SC Ports strengthens access to South America for shippers South Carolina Ports has expanded its connectivity with South America, offering six weekly services between Charleston and the region. The latest development follows the addition of Charleston to CMA CGM's AMERXL service. The fixed-day weekly service connects Southeast US shippers with key ports in Colombia, Ecuador, Peru and Chile. AMERXL expands refrigerated cargo access The AMERXL service prov
Maersk updates intermodal fuel fees in Italy Maersk will revise its Intermodal Fuel Fee percentages for inland transport services in Italy. For truck movements, the carrier will apply an Export Fuel Surcharge and Import Fuel Surcharge of 16%. For RCO movements, the Export Fuel Surcharge and Import Fuel Surcharge will be 8%. The revised charges will apply from the Price Calculation Date of 1 September 2026 for non-FMC shipments. For FMC ship
Davie wins Canadian Coast Guard icebreaker contract Davie Shipbuilding has secured a fixed-price contract from the Government of Canada to build six Program Icebreakers for the Canadian Coast Guard. The $11.3 billion contract forms part of Canada's National Shipbuilding Strategy. Davie announced the agreement during a ceremony in Lévis, Québec. Construction of the first icebreaker will begin in 2027. Davie will deliver all six vessels during the 2
Maersk introduces ECS on S5S trade Maersk will introduce an Emergency Contingency Surcharge on its S5S trade from 10 September 2026. The surcharge will apply to dry container shipments from India, Bangladesh and Sri Lanka to South Africa and the Indian Ocean Islands. Emergency Contingency Surcharge Maersk will charge US$1,500 for both 20-foot and 40-foot dry containers. The ECS applies to the following scope: Origins: India, Bangl
X-Press Feeders launches GPX 2 service X-Press Feeders has launched the Germany Poland X-Press 2 service, strengthening its network between Germany and Poland. The GPX 2 will operate as a fixed-day weekly service. It will provide a direct connection between Hamburg and Gdansk. The service will follow this rotation: Hamburg - Gdansk - Hamburg GPX 2 complements the existing Germany Poland X-Press service to Gdynia. The addition of Gdans
Port of Houston activity supports nearly $1 trillion in US economic value Port of Houston activity supported $986.9 billion in annual economic value across the United States in 2025, according to a new study by Martin Associates. The study covered marine cargo moving through public and private facilities along the Houston Ship Channel. Collectively, these facilities form the Port of Houston. Cargo and vessel activity supported 3,526,686 jobs nationwide. "The Houston Sh
Port of Lázaro Cárdenas reports higher cargo volumes The Port of Lázaro Cárdenas handled 17,480,520 tonnes of commercial cargo through July 2026, an increase of 14% from the same period in 2025. The Mexican port also recorded 1,049 vessel calls during the reported period. Container traffic increases Containerised cargo accounted for 49% of the port's total throughput. Mineral bulk represented 36%, while general cargo contributed 5%. Vehicles, agric
KOBC container index rises for fourth consecutive week The KOBC Container Composite Index increased for a fourth consecutive week, reaching 4,506 points on Monday The latest KCCI reading rose by 2.57% from the previous week, according to Korea Ocean Business Corporation, and reported by JIFFA. Mixed performance on major routes The index for the US West Coast increased by 2.74% to 7,095 points. Meanwhile, the US East Coast index rose by 3.3% to 10,311
Hanwha Shipping names first VLCC in new fleet Hanwha Shipping has held the naming ceremony for Elandra K2, the first vessel in its new fleet. The 320,000 dwt very large crude carrier was built to ABS class at Hanwha Ocean's Okpo Shipyard. Catherine Sagar, spouse of Hanwha Shipping CEO James Sagar, served as the vessel's sponsor. First of three VLCCs Elandra K2 is the first of three 320,000 dwt VLCCs under construction for Hanwha Shipping. El
PIL enhances Imara Express with direct East Africa links Pacific International Lines has enhanced its new Imara Express service by introducing two dedicated loops connecting India with East Africa. PIL announced the Imara Express service in August 2026. The revised butterfly network will divide the service into the IM1 and IM2 loops. The two loops will provide weekly direct connections to Dar es Salaam, Tanzania, and Mombasa, Kenya. PIL said the enhanc
RSGT and CMA CGM invest US$434 million in Jeddah Terminal 4 Red Sea Gateway Terminal and CMA CGM Group have signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port. The partners will initially invest approximately US$434 million, equivalent to SAR 1.6 billion, in the project. The development will add up to 2.6 million TEUs of annual container-handling capacity at the Saudi port. New container terminal at Jeddah Islami
CMA CGM updates North Europe-US peak season surcharge CMA CGM will update its Peak Season Surcharge from North Europe to the United States from 20 September 2026. The PSS03 will remain in effect until further notice. The surcharge applies to shipments from all North European ports, including North France, the United Kingdom, Ireland, Scandinavia, Poland and the Baltic region. It also covers Bilbao, Gijón and Vigo in northern Spain but excludes Portu
MSC suspends Novorossiysk bookings after drone attack MSC has suspended new cargo bookings to and from the Russian port of Novorossiysk following a drone attack on the container ship MSC Ulsan III, according to Bloomberg. The carrier has stopped its operations through Novorossiysk until regular services can safely resume. MSC recommends alternative routes MSC advised customers to contact its Russian representative office to explore alternative route
Tropical Shipping revises St. Maarten charges Tropical Shipping will revise several charges for shipments to and from St. Maarten from 13 September 2026. The changes include the removal of two existing charges, reductions to landing charges and a General Rate Increase for cargo moving to St. Maarten. Island Port Security Surcharge expires Tropical Shipping will remove the Island Port Security Surcharge for cargo imported into or exported fro
MPC Container Ships reports second-quarter results MPC Container Ships reported its Q2 2026 financial results, highlighting high fleet utilisation, a substantial charter backlog and continued fleet renewal. The Oslo-listed company recorded operating revenue of US$116.9 million, compared with US$137.9 million in the second quarter of 2025. EBITDA reached US$95.4 million, down from US$107.4 million one year earlier. Adjusted for non-recurring items
ONE launches two India-East Africa services Ocean Network Express will launch two weekly services connecting India with East Africa in September 2026. The new India Middle East Mombasa and India Middle East Dar es Salaam services will expand ONE's regional network. The carrier said they would provide improved connectivity, optimised transit times and additional transport options between India, the Middle East and East Africa. India Middle
CMA CGM adds NEOLINE wind-powered transatlantic service CMA CGM has expanded its low-carbon shipping offering through a partnership with NEOLINE and its first wind-powered cargo vessel, Neoliner Origin. The service will provide a direct connection between North Europe and North America. It will accommodate dry, out-of-gauge and refrigerated cargo. CMA CGM said the wind-powered vessel could reduce carbon dioxide emissions from ocean crossings by up to
CMA CGM announces additional RRI from Canada West Coast CMA CGM will introduce a Rate Restoration Initiative from Canada's west coast to the Indian Subcontinent, the Middle East Gulf and the Red Sea. The RRI02 will take effect on 30 August 2026 and will apply in addition to the carrier's previous Rate Restoration Initiative. For dry cargo moving from Canada's west coast to the Indian Subcontinent, CMA CGM will charge US$150 per 20-foot container and U
Port of Rijeka welcomes first Ro-Ro vessel from China The Port of Rijeka has welcomed the first Ro-Ro vessel arriving from China at its Ro-Ro terminal. The vessel, AICC Huanghu, marked a new connection between China and the European market. The Croatian port said the call highlights its growing role as a gateway for automotive logistics and international trade. Its position on the Adriatic and access to Central European markets support the developme
COSL eyes two new deepwater semisubs Offshore driller China Oilfield Services Limited (COSL) is looking into the construction of next-generation deepwater semisub drilling rigs. During a meeting of COSL's board of directors, the board reviewed and approved a proposal for a feasibility study report on constructing two such rigs. The company's audit committee previously reviewed and approved the feasibility study proposal. ...
Chinese firm secures $272m offshore wind and subsea cable haul Chinese subsea cable and offshore wind specialist Jiangsu Hengtong Optic-Electric has secured a string of domestic and international offshore contracts worth a combined RMB 1.831 bn ($272.4m). The company and its controlled subsidiaries received winning bid notices or signed contracts for projects spanning submarine cables, laying works, turbine installation, and offshore operations and maintenan
TotalEnergies cuts final ties with Arctic LNG 2 French energy major TotalEnergies has transferred its stake in Novatek's Arctic LNG 2 project to NordLine. The company confirmed it has completed the transfer of its 10% interest in the project to Novatek's subsidiary, NordLine. After this transfer, TotalEnergies has no remaining stake in the Arctic LNG 2 project. Originally, Novatek owned a 60% stake, ...
South Korea puts green shipping corridors into law South Korea is moving to turn green shipping corridors from bilateral pledges into domestic law, publishing the detailed rules behind what Seoul claims is the world's first dedicated legislation governing their development. The Ministry of Oceans and Fisheries said on Thursday it had drawn up the enforcement decree and regulations for the Special Act on ...
Veritas books fresh ultramax pair at COSCO yard Greek bulker owner Veritas Shipmanagement has returned to COSCO Shipping Heavy Industry in Zhoushan for another pair of ultramaxes, extending a newbuilding relationship with the Chinese yard that dates back to 2023. Local shipbrokers list Veritas as the buyer of two 64,000 dwt bulkers at COSCO Zhoushan for delivery in 2030. No contract price has ...
Global Steel Wire seeks fresh Santander terminal concession Global Steel Wire has applied for a new five-year concession covering its steel-handling operation at the Port of Santander, with the Spanish gateway opening the proposal to competing projects. The Celsa group company is seeking 11,700 sq m of port land and 171.25 m of berth frontage for a dedicated maritime-road terminal handling scrap, other ...
Seanergy linked to fresh newcastlemax at Hengli Seanergy Maritime is being linked to another large bulker newbuilding in China, extending a rapid fleet renewal drive that has already seen the Nasdaq-listed Greek owner assemble a sizeable orderbook. Athens-based broker Xclusiv Shipbrokers lists Seanergy against a single 211,000 dwt newcastlemax at Hengli Heavy Industries for delivery in 2029. No price is given. If ...
Iran blacklist threatens Hormuz shuttle tanker lifeline The nascent and increasingly vital shuttle tanker trade moving Middle East crude through the Strait of Hormuz for transfer in the Gulf of Oman is under fresh threat after Iran blacklisted some of the vessels at the heart of the operation this week. Broker Braemar warned that 12 VLCCs named by Tehran had carried around ...
SFL makes fresh $363m car carrier play John Fredriksen-backed SFL is putting another $363m into the car carrier market, ordering four LNG dual-fuel newbuildings as it makes a fresh bet on a sector where yard capacity remains tight. The four 7,000 ceu PCTCs are scheduled for delivery in 2029. Two have already been fixed to a major Asia-based car manufacturer for five ...
Container shipping urged to move fire prevention upstream The container shipping industry needs to move fire prevention much further upstream, identifying dangerous cargo risks at booking rather than discovering them after a box has been loaded onboard. That is the central argument of a new report from Thetius and Tigris Systems examining why dangerous goods incidents remain stubbornly difficult to prevent despite established ...
IAEA launches global push to bring nuclear power back to sea The International Atomic Energy Agency (IAEA) has launched a global initiative aimed at creating the regulatory and safety framework needed to bring nuclear power back into civilian shipping. ATLAS - Atomic Technologies Licensed for Applications at Sea - was unveiled in Washington on Wednesday, bringing together around 600 participants from more than 50 countries spanning ...
DNV: Build fleets that can survive the wrong fuel call Shipping companies needed to stop betting on a single decarbonisation pathway and instead build strategies capable of surviving radically different regulatory, fuel and technology outcomes, DNV has argued in its latest Maritime Forecast to 2050 report issued today. The 10th edition of the classification society's flagship annual forecast put uncertainty at the centre of shipping's ...
KNOT takes modern shuttle tanker from parent KNOT Offshore Partners is adding another young shuttle tanker from its parent in a $113m deal, extending a run of fleet renewal transactions while tackling one of its largest near-term debt maturities. The New York-listed partnership has agreed to acquire the vessel-owning company behind the 2024-built Hedda Knutsen from sponsor Knutsen NYK Offshore Tankers. KNOT ...
Why shippers should hope the IMO vote passes Tom Isler, ESG and innovation director at Baxter Freight, writes for Splash today. Freight buyers are watching the IMO's Net-Zero Framework vote as a shipowner story, but they're the ones who'll pay either way, he warns. When the IMO's Marine Environment Protection Committee reconvenes in October, the reporting will treat it as a shipowner story. ...
Disruptions and global growth keep container line correction at bay In 2023, after the pandemic boom ended, there were dire predictions on the fate of container shipping lines. These forecasts...
Circumstantial evidence demonstrated common control of Vafias ships, South Africa Supreme Court rules South Africa's Supreme Court of Appeal has ruled that associated ship arrests can be supported by credible circumstantial evidence of...
DNV finds uneven progress and uncertain future in shipping decarbonisation DNV Maritime chief executive Cristina Saenz de Santa Maria has welcomed the growing orderbook in alternative-fuel tonnage. But the class...
Why is a 'British-flagged' tanker embroiled in a Falklands Islands row? A tanker flagged with the Isle of Man registry has found itself in the unlikely centre of a row between...
The world is diversifying around China, not away from it Container volumes, carrier deployment and customs data suggest efforts to diversify supply chains are reshaping Chinese trade rather than reducing...
Shipping decarbonisation goals must reflect market realities, says Travlos Union of Greek Shipowners president Melina Travlos has been growing increasingly frustrated with the mismatch between shipping's seemingly endless decarbonisation...
India tiptoes Western geopolitics as Russian crude imports reach new highs The Russia-Ukraine war could curtail imports of Russian crude oil into India, with tankers at the mercy of missiles in...
Tanker attacked in Hormuz despite US claim of 'big' win Fresh violence near Oman underscores the fragile state of shipping security as Qatar seeks to calm US-Iran tensions
How Hormuz crisis effect on product tankers diverged from crude Product tanker owners are posting all-time-high results for 2Q26, but that is backward-looking. Current spot rates are less impressive, and...
Daily Briefing Crew become the latest pressure point as shipowners pay more to keep vessels trading in conflict zones | The next...
Mubadala invests in Arrive Logistics as AI-driven tech race heats up The UAE-based investor's acquisition of a majority stake will bolster the logistics company's efforts to accelerate its technology capabilities and develop new services for shippers.
Frontloading, tighter supply drives US port drayage rates higher A hot summer for import containers has sent spot drayage rates up in select markets, with safety concerns now becoming a factor in carrier selection.
Soaring Asian vehicle, heavy equipment exports stretch car-carrier capacity Demand for car-carrying capacity now far exceeds the current capability of the global fleet, prompting a raft of newbuild orders.
Asia-Americas container shipping system on a knife-edge Potential pitfalls, from tighter Panama Canal restrictions to stronger-than-expected import volumes, should send a warning to shippers importing from Asia to the Americas, writes Journal of Commerce Executive Editor Mark Szakonyi.
London IMO meeting to put shipping's regulatory future under scrutiny Member states will evaluate the baseline net-zero emissions framework and four alternative proposals during a meeting at IMO headquarters next week.
'We don't just wait': Singapore presses on after IMO green shipping setback MPA chief says regulatory uncertainty has slowed the sector but alternative-fuel work will continue
Sinokor VLCCs transfer cargoes to Chinese tankers after Aramco Gulf loadings Two vessels reported to have carried out ship-to-ship transfers, and a third shows no cargo on board after Hormuz transit
Petrobras sounds out Seatrium over floating LNG ambitions Brazilian giant explores offshore liquefaction as it eyes growing gas export opportunities
Volatility reigns: US-listed shipping stocks snap back after big selloff Positive Hormuz news continues, but so does growing concerns about Russian action against Nato countries
OOIL profit falls as Red Sea disruption and fuel costs hit operations Chinese carrier sees market volatility as the new normal
Ardmore lifts Chinese product tanker order to six ships worth $269m Owner declares options for two more handysizes
Energy efficiency is the only certainty, says DNV executive as alternative fuel take-up slows Annual forecast is cloudier than usual as unknowns cast a shadow on transition
BW LPG enjoys market tailwinds as it heads into its second-quarter report Analysts are cautious on VLGC orderbook and demand growth
Ardmore lifts Chinese product tanker order to six ships worth $264m Owner declares options for two more handysizes
Product tanker owners see a 'win-win' scenario, whatever happens in Strait of Hormuz Clarksons Securities says companies like Torm will benefit from either normalisation or continued chaos
Saverys says 'extreme' VLCC prices can go higher as CMB.Tech banks $618m from tanker sales Access to ships more important than secondhand costs for Middle East exporters, Belgian boss believes
Owners spurn massive secondhand prices for modern tankers in record freight markets Brokers say older vessels are dominating the S&P market
Kuwaiti tanker may need tow after being hit by projectile in latest Hormuz attack No injuries reported in latest incident
TS Lines posts profit surge under new chief James Chen Red Sea services and vessel sales help lift first-half earnings
Queue of 70 bulkers builds off Ukraine's Danube grain ports Shortage of pilots causing delays in accessing Ukrainian terminals
Shipping investor bets on offshore and multipurpose vessels BlueYield has 'solid liquidity position with continued flexibility to pursue new opportunities'
The $100 question: Just a number, or a sign of how far shipping has come? This week's Streetwise looks at the growing number of public shipowners trading around the century mark
NAT banks Union Maritime sale cash for suezmax trapped in Gulf Deal for veteran Nordic Pollux was agreed in February, but then war broke out
Charterers wary of Iranian-blacklisted shuttle tankers, broker Braemar says UK shop warns some mainstream owners may be deterred from taking on oil loaded by Middle East VLCCs
Two worlds apart: What timing says about maritime decarbonisation The IMO and SMM will debate climate separately. Does China have an answer?
Clarksons joins London Metal Exchange in 'important step' for futures desk UK broker says membership will help continued growth in metals business
Black Sea attacks force MSC to halt Novorossiysk service Carrier suspends new bookings to Russia's principal Black Sea port after a drone strike on one of its vessels
Ningbo Marine orders five bulk carriers for fleet expansion push The listed shipping company is ordering four ultramax bulk carriers and one kamsarmax vessel
Clarksons selects Performance Shipping's 'compelling story' as top credit pick Tanker owner offers 'high coverage and moderate leverage'
MSC leaves rivals chasing with ultra-large container ship spree Swiss liner giant has ordered up to 32 newbuildings worth about $7bn this year
Pareto nets large profit from sale of veteran suezmax tanker Norwegian asset manager clinches high price for 16-year-old ship
Idan Ofer-backed fuel-tech firm says simplicity is key to tackling emissions Sulnox boss Ben Richardson suggests the principle of Occam's Razor should apply at sea
Clarksons selects Performing Shipping's 'compelling story' as top credit pick Tanker owner offers 'high coverage and moderate leverage'
Pareto nets handsome profit from sale of veteran suezmax tanker Norwegian asset manager clinches high price for 16-year-old ship
Tanker boom masks growing pressure on MISC's steam LNG ships Petroleum earnings jump as lay-ups, lower rates and depreciation weigh on gas division
Iran faces Strait of Hormuz 'trilemma' as Kharg Island VLCC shipments dry up Analysts believe restrictions in key stretch of water are not working for Tehran regime
Jinhui flips to profit in first half as conflict and disruption buoy dry bulk market Revenue falls following disposal of vessels
Seapeak puts Qatari-chartered LNG steamship trio up for sale Company is bought out of Bahrain LNG import terminal and may restructure Russian operations
Hunter VLCCs earning $666,000 per day as rates hit record highs Index-linked charter dispute continues for Norwegian company
CMB.Tech adds VLCC and offshore ship charters as profit hits $364m Belgian owner says tanker and bulker markets showed continued strength
Tanker hit by projectile in latest Hormuz attack as crew tackle blaze No injuries reported in latest incident
CEO sees 'clearer identity' boosting post-split valuation of Bruton and OMC Tankers Lars-Christian Svensen retains positive outlook for VLCC market
Vitol fixture of Chinese VLCC pushes rates higher as brokers see 'levelling' of hot spot market Holding out for higher rates may be costly to tanker owners
How the Hormuz crisis is exposing Oman's wider role in maritime trades Industry chief explains the ports, corridors and diplomacy underpinning the sultanate's role
FMCSA, New York ready to rumble over non-domiciled CDL rules The state of New York and the Federal Motor Carrier Safety Administration are headed toward oral arguments at the end of next month in their legal battle over the federal cutoff of funds to the Empire State over a conflict regarding the state's issuance of non-domiciled CDLs and Commercial Learning Permits (CLPs). With FMCSA having filed its brief to the Second Circuit U.S. Court of Appeals last
Averitt expands logistics network with Jackson, Mississippi, facility Less-than-truckload carrier Averitt said Thursday it has opened a 100,000-square-foot distribution and fulfillment facility in Jackson, Mississippi. The announcement follows other recent investments the carrier has made to its network. The new warehouse is near central Mississippi's major freight lanes of I-20 and I-55. The Mississippi Department of Transportation announced Tuesday a $400 million
FMCSA tests giving truckers power to pause 14-hour clock The Federal Motor Carrier Safety Administration is moving ahead with two programs that could eventually give truck drivers more flexibility in how they structure their workdays. The move comes despite concerns from highway safety advocates that one of the initiatives could effectively extend drivers' 14-hour working limit. FMCSA announced Thursday that it has completed pre-tests for its Flexible
FedEx to invest $150M for air cargo terminal in Delhi FedEx Corp. on Thursday made its second major commitment this year for air freight expansion in India, saying it will spend $150 million to equip a dedicated air cargo hub at Delhi international airport to support growing international trade in the northern part of the country. The proposed facility would span about 230,000 square feet and include an advanced, high-speed conveyor belt with automa
$100M Acquisition: How Descartes & Tai Boost Broker Efficiency Descartes' recent $100 million acquisition of Tai Software is set to transform the freight brokerage landscape. Learn how this merger creates an AI-powered platform designed to help freight brokers overcome challenges like fraud, margin pressure, and fragmented workflows. Discover the future of unified logistics technology and how it promises to deliver unprecedented efficiency and value to your
Cab Clutter Can Cost Fleets Millions Truck cab clutter is more than a nuisance-it can become a safety risk that costs fleets millions. James Boyce, a full-time driver and founder of BubbaLee LLC, explains how loose items in the cab turn into distractions, close calls and potential lawsuit exposure. He breaks down the idea behind Trucker Tote, why he built it while still driving full-time, and why fleets should care about in-cab orga
Tender Rejections at 13.5%: Is Freight Bottoming? Tender rejections are still running near 13.5% - and that could mean the freight market has found a short-term bottom ahead of Labor Day. In this SONAR update, we break down what stalled rejection declines mean for capacity, why this still looks like a supply-led cycle, how intermodal pulled pressure off truckload this summer, and where dry van, reefer and flatbed spot rates are heading next. If
Cargo Theft Changed: Fewer Loads, Higher-Dollar Targets Cargo theft is down 26% in 2025-but the value of stolen freight has doubled. Danielle Spinelli of GenLogs breaks down why fraud rings are shifting to higher-value loads, how sold MCs and pattern changes get flagged, and what brokers and carriers should watch now. This FreightWaves Today segment covers the latest CargoNet data, real-world fraud signals, and how camera, sensor, and route-history da
Drewry index edges lower on decline in trans-Pacific rates The Drewry World Container Index (WCI), a widely followed benchmark for global container freight rates, fell 1% this week to $4,473 per forty-foot container. The decline was driven by lower spot rates on both the trans-Pacific and Asia-Europe trade routes, although resilient demand and ongoing capacity management by carriers continue to support the market. On benchmark trans-Pacific lanes, spot r
700 pounds of meth hidden in cucumber load leads to 15-year prison sentences Two men will spend 15 years in federal prison after agents found more than 700 pounds of methamphetamine. Traffickers hid the drugs inside a tractor-trailer shipment of cucumbers outside a Gainesville, Georgia, warehouse. DEA agents watched the trailer on June 30, 2025, after developing information about a large drug load. Investigators arrested Andres Jasso Jr. and Rufino Pineda-Perez beside the
Union Pacific, Norfolk Southern defend rail merger application as STB review advances Union Pacific and Norfolk Southern said Thursday that their proposed combination has met the Surface Transportation Board's threshold requirements, urging regulators to reject opponents' preliminary challenges and proceed with a full review of the transaction. In a response filing, the railroads said their application contains extensive evidence developed over months of work and provides the STB
"This May Not Be the Right Time to Jump Into the Small Carrier Market." Two Top Transportation Attorneys on Whether the Small Carrier Has a Future There is a question hanging over the small carrier world right now, and two of the most knowledgeable transportation attorneys in the country did not flinch from it when they sat down separately on The Long Haul. The question is whether the small carrier, the one-truck owner-operator and the five-truck fleet, still has a viable future as an independent business, or whether the forces set in motio
AMD lands Kodiak, a first in autonomous truck compute AMD EPYC processors will power Kodiak AI's seventh-generation autonomous truck platform, the two companies announced Wednesday. Kodiak ( Nasdaq: KDK ) is the first autonomous trucking company to deploy the advanced EPYC chips in its hardware. EPYC chips are server processors, the same class of CPUs that run cloud and data-center workloads. The truck's job for those chips is autonomous truck compu
Freight bankruptcies pile up as carriers, logistics firms seek court protection Why it matters: The latest bankruptcy filings show financial pressure continuing to work through the freight economy, with both small carriers and larger logistics and distribution companies confronting debt loads, thin asset bases and restructuring challenges. A wave of bankruptcy filings swept through the freight and logistics sector from late July through Aug. 25, hitting trucking companies, f
DP World reportedly shutting down SeaRates digital freight platform Port terminal operator DP World is discontinuing SeaRates, its standalone digital logistics platform, according to a published report. A LinkedIn post by SeaRates founder Sergey Dzhashytov wrote that he had been receiving questions about the "discontinuation of SeaRates digital services" and said companies that relied on those services were seeking alternatives. His public profile indicates that
Gofo parcel network quickly mushrooms in 2026 Parcel delivery startup Gofo has doubled the capacity of its Dallas processing center after moving into a new building and installing automated sortation equipment, as it races other regional carriers to build national scale. The larger terminal comes on line ahead of the peak season rush, allowing the company to absorb greater volume in the central United States rather than adding temporary faci
Arrive Logistics plans 1,000 hires after Mubadala majority investment Arrive Logistics plans to accelerate hiring, technology investment and expansion into additional freight services after Mubadala Capital agreed to acquire a majority stake in the Austin, Texas-based freight brokerage. The companies announced Thursday that Mubadala Capital , the global alternative asset management arm of Mubadala Investment Co., entered into a definitive agreement to acquire a maj
DeepFabric lands Kenco as It scales supply chain agents In the enterprise AI agent space, there's a common problem: a gulf in outcomes between the first agent demo and the invoice that follows a successful implementation. DeepFabric spent three months spanning that gulf with Kenco, moving six agents into live operations across commercial, operations, transportation and client services. Twenty supply chain agents are now planned across the North Americ
Diesel Prices: It's a Refining Crisis, Not Crude Diesel prices are still above $5, and Aaron Decker says the real problem is refining capacity - not crude oil. In this FreightWaves Today interview, Decker breaks down crack spreads, refinery outages, low distillate inventories and how the Russia-Ukraine conflict is still hitting diesel markets. For carriers, brokers and shippers, this is the fuel outlook that matters heading into Q3 and Q4. #Die
Autonomous Trucks Are Here: Einride's 27% Revenue Jump Autonomous trucking is moving from pilot talk to real freight ops. Einride CEO Roozbeh Charli breaks down 27% revenue growth, a 60% jump in driverless hours, the Amazon middle-mile rollout, and the plan for 500 Tesla Semis on its platform. The conversation gets into what matters for carriers and fleet operators: where autonomous trucks actually stand today, how Einride's platform handles routing
Reefer Rejections Stay Hot as Intermodal Wins 33% Reefer tender rejections are still running hot while van and flatbed cool off. The big swing factor: intermodal savings are now around 33%, pulling more freight off the road while refrigerated freight stays less flexible. In this SONAR Daily Update, FreightWaves breaks down reefer rejection trends, flatbed seasonality, rail container volume strength and what mode conversion means heading into Lab
AI for Supply Chain Needs 3 Things: Goods, Data, Money AI agents will be commoditized in months. In supply chain, the real moat is the data foundation underneath them. Valentina Jordan, CEO and co-founder of Nauta, breaks down why global trade AI only works when movement of goods, data and money are connected. She explains the 'operational brain,' how it learns from ERP, TMS, WMS, email and spreadsheets, and why messy data is still the biggest blocke
One man paints challenging outlook for brokers' insurance It's just a single report and the words of one person quoted in it, but an outlook by TD Cowen on what broker insurance might do in the wake of the Montgomery decision is sobering. In a report from the transportation team at TD Cowen led by managing director Jason Seidl, based on a phone call with an unidentified "trucking insurance agency executive," TD Cowen said what it has heard so so far on
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