VIDEO: Port of Long Beach launches $1M methanol bunkering challenge Though dual-fuel methanol capable vessels are already calling the Port of Long Beach, methanol bunkering is not yet available there. Aiming to change that, the port has established a $1 million award
AMP launches campaign opposing Jones Act waiver The American Maritime Partnership (AMP), the voice of the domestic maritime industry announced May 26 a new national campaign calling on President Donald J. Trump to end the ongoing 150-day unprecedented Jones
AAM delivers CARB-compliant El Escudo to Harbor Breeze Cruises Bellingham, Wash.-based All American Marine (AAM) has now delivered the 108- by 32.5-foot parallel hybrid passenger vessel ordered by Long Beach, Calif.-headquartered Harbor Breeze Cruises in January 2025. Called El Escudo, it
Jumbo Maritime orders 2 new L-Class vessels designed by Vuyk Engineering Dutch maritime design house Vuyk Engineering was selected by heavy lift shipping and offshore transportation contractor Schiedam, Netherlands-based Jumbo Maritime for its newly ordered L-Class heavy lift transport vessels (HLTV). The high-end
Seasats Lightfish USV encounters Chinese corvette on first autonomous transit of Taiwan Strait San Diego-headquartered autonomous surface vessel specialist Seasats reports that a Lightfish uncrewed surface vessel (USV) has completed the first autonomous transit of the Taiwan Strait, a contested waterway separating Taiwan and mainland
Port of Savannah frozen poultry exports rise 8.5% amid cold chain expansion Georgia Ports Authority reported an 8.5% increase in frozen poultry exports through the Port of Savannah, reinforcing the gateway's position as the leading U.S. export hub for frozen poultry. For the 12 months ending in February, Savannah handled 55,957 TEUs of frozen poultry exports, up by nearly 4,400 TEUs compared to the previous year. "We appreciate the trust customers place in our services t
Global bunker market declines amid Middle East peace prospects The global bunker market moved downward during Week 22, 2026, amid reports of a possible peace agreement between the US and Iran, Sergey Ivanov, Director at MABUX, noted. By the end of the week, the 380 HSFO index had fallen by US$41.82, declining from US$789.89/MT last week to US$748.07/MT. The VLSFO index decreased by US$63.13, reaching US$884.26/MT compared with US$947.39/MT the previous week,
Nordic Investment Bank provides facility to support Klaipeda The Nordic Investment Bank has signed a EUR 55.5 million uncommitted credit facility with AB Klaipeda State Seaport Authority to support a broad infrastructure investment programme at Klaipeda Seaport in Lithuania. The total cost of the investment programme is approximately EUR 111 million, with NIB financing covering half of the programme value. The agreement marks the sixth loan arrangement bet
Konecranes wins electric forklift order from Södra to support decarbonization goals Konecranes has secured an order for four electric forklifts from Swedish forestry group Södra to support electrification efforts at two production sites in Sweden. The order includes four 15-1200C electric forklifts for operations at Södra Cell Värö and Södra Cell Mörrum. Konecranes booked the order in the first quarter of 2026. Three units will be delivered in the second quarter, while the final
Imabari Shipbuilding delivers two eco-efficient bulk carriers Imabari Shipbuilding has delivered two new bulk carriers from separate shipyards in Japan, expanding its portfolio of environmentally optimized dry bulk vessels. The company delivered the 63,682 DWT handymax bulk carrier FUJI MARU from Shin Kasado Dockyard and the 181,987 DWT capesize vessel FRONTIER PEACE from Saijo Shipyard on 26 May. FUJI MARU is designed to transport a wide range of cargoes i
Valenciaport and port of Ningbo advance green corridor Valenciaport and the Port of Ningbo have supported the signing of a practical implementation agreement for the Ningbo-Valencia Green Corridor, marking the transition of the initiative from a declaration of intent to an active operational framework. The agreement was signed by MSC, Senior Auto, the China Waterborne Transport Research Institute and the Valenciaport Foundation, linked to MSC's Jade
Port of Rotterdam transfers Routescanner platform to Royal Dirkzwager The Port of Rotterdam Authority has transferred Routescanner, its digital platform for comparing and planning container transport routes, to Royal Dirkzwager, a provider of maritime information and data solutions. The move is consistent with the Port of Rotterdam Authority's strategy of developing innovations internally before transferring them to market players for scaling, and is intended to gi
Behind the UAE's new role: Administrator of last resort As the Hormuz crisis fractures established trade corridors, Abu Dhabi is converting regional disruption into a structural argument for its own indispensability
DP World and Mundra drive significant GDP impact Independent research commissioned by DP World and conducted by Oxford Economics has quantified the economic contribution of the Mundra International Container Terminal and projected its long-term impact on India's trade ecosystem and regional economy. The findings highlight MICT's role as a critical gateway for containerised trade since its commissioning in 2003 as India's first greenfield contai
Houston Ship Channel tonnage surges in first quarter Waterborne tonnage through the Houston Ship Channel reached 65 million short tons in the first quarter of 2026, a 12% increase compared to the same period last year, driven predominantly by export growth. Exports of nearly 54 million short tons rose 19 percent year-on-year, while imports declined 12 percent over the same period. Petroleum gases exports grew 33%, refined products 24%and crude oil
IMO adopts first global code for autonomous ships The International Maritime Organization has adopted the first International Code of Safety for Maritime Autonomous Surface Ships (MASS Code), creating a global framework for the safe operation of AI-enabled and remotely operated commercial vessels. The new code applies to cargo ships and will enter into force on 1 July 2026 as a non-mandatory instrument. Member States will use this period to test
Israeli ministries oppose proposed US$4.2 billion Zim-Hapag merger Growing opposition is emerging within the Israeli government against the proposed US$4.2 billion acquisition of ZIM Integrated Shipping Services by Hapag-Lloyd and the FIMI fund, with concerns focusing on national security, supply chain resilience and food security, according to Calcalist. According to Calcalist, Israel's Ministry of Economy and Ministry of Agriculture have joined the Shipping an
ONE updates FE1 and FE3 services Ocean Network Express (ONE) has announced strategic updates to its FE1 and FE3 services on the Asia-North Europe trade, routing via the Cape of Good Hope. The changes aim to improve schedule reliability, expand network coverage and deliver faster transit times to key European ports. FE1 service update The FE1 service will add a direct call at Le Havre, replacing the current Algeciras call. The ne
How piracy complements multi-chokepoint disruption architecture The return of Somali piracy is not a separate crisis from the Houthi standoff in the Red Sea. It is the same crisis, expressed in a different theatre
Interview with Adam Dennett, CEO of SpecTec In this interview, Antonia Saratsopoulou speaks with Adam Dennett, CEO of SpecTec and Chair of the Society of Maritime Industries' Digital Technology Group in the UK. They discuss how AI is reshaping maritime operations, the importance of data standardisation and interoperability, and why shipping companies must focus on solving operational challenges rather than simply adopting technology trends
COSCO SHIPPING Lines announces July 2026 GRI for U.S. and Canada trades COSCO SHIPPING Lines has announced a new General Rate Increase (GRI) for shipments from the Far East, Indian Subcontinent, Middle East and Oceania to the United States and Canada. The new rates will take effect on 1 July 2026. For U.S.-bound cargo, the GRI applies to dry and reefer shipments moving to all U.S. destinations. The increase covers cargo moving via U.S. West Coast ports, East Coast po
Chile is positioning for structural independence from the Chancay orbit The US$4.45 billion Puerto Exterior approval at San Antonio signals a bid for sovereign logistics independence. Whether it translates into Western alignment will be decided not by the construction contracts, but by the concession awards
Port of Huelva records increase in first four months of 2026 The Port of Huelva recorded total traffic of 9,714,082 tonnes between January and April 2026, a 0.51% increase compared to 9,664,432 tonnes handled in the same period of the previous year, according to provisional data published by the Port Authority. Liquid bulk remains the dominant cargo category, accounting for 7,285,294 tonnes in the first four months of the year, broadly stable year-on-year
KLN Logistics signs distribution and supply chain contract KLN Logistics Group has announced the signing of a distributor contract with Del Monte Asia to manage the complete sales, trade marketing and supply chain operations for Del Monte Asia's packaged food portfolio in the Hong Kong foodservice market. Under the agreement, KLN will provide integrated fourth-party logistics services covering inbound logistics, warehousing, inventory management, order f
Concrete utilities conduit successfully installed under Maasvlakte railway tracks A concrete utilities conduit has been successfully installed beneath the railway tracks at the Maasvlakte, marking a significant milestone in the construction of the Maasvlakte Zuid Railway Yard. The operation was carried out through close collaboration between clients ProRail and the Port of Rotterdam Authority and contractors Swietelsky, Van der Linden Beton, Boskalis, De Koning and CT De Boer.
Hapag-Lloyd introduces PSS from Far East to North Europe and Mediterranean Hapag-Lloyd is set to apply a peak season surcharge (PSS) on cargo moving from the Far East to North Europe and the Mediterranean, effective June 8, 2026, until further notice. The surcharge covers all container types, including 20-foot and 40-foot dry, reefer and special containers, as well as high-cube equipment. It applies to all sailings commencing on or after the tariff date. The charge is s
How to navigate Posidonia from someone who has learned the hard way Karen Martin, global brand ambassador for ShipMoney, has this exclusive advisory for the tens of thousands descending on Athens for shipping's most extravagant show. Let me set the scene. It's Tuesday evening at Posidonia. You're on your fourth event of the day. Your feet stopped speaking to you somewhere around lunchtime. You've spent the morning ...
Seanergy fleet renewal gathers pace with sixth newbuild Greek capesize specialist Seanergy Maritime is accelerating its fleet renewal strategy after adding another newbuilding to a growing orderbook that now totals six eco-design bulkers worth about $460m. The Nasdaq-listed company said the latest addition expands a programme that now includes five 181,500 dwt capesizes and one 211,000 dwt newcastlemax scheduled for delivery between 2027 ...
Baker Hughes secures Equinor contract extensions US energy technology company Baker Hughes has won two contract extensions with Equinor to provide integrated drilling and well services solutions, as well as wireline intervention services. Under the integrated drilling and well services contract, Baker Hughes will deploy holistic solutions for projects in both mature and greenfield developments. The company will leverage capabilities across ...
DryDel expands Japanese newbuild spree with trio of bulkers Greek dry bulk owner DryDel Shipping has bolstered its Japanese newbuilding programme with orders for three additional vessels. Announcing the order ahead of next week's Posidonia exhibition in Athens, Costas Delaportas-led company said the latest contracts include one 82,000 dwt kamsarmax at Shin Kurushima Dockyard for delivery in 2028, alongside two 64,000 dwt ultramaxes ordered ...
Global research initiative to examine rising seafarer abandonment crisis The World Maritime University (WMU) has launched a large-scale research initiative titled Seafarer Abandonment: A focused investigation into regulatory implementation, following a sharp increase in reported cases of seafarer abandonment worldwide. The project is funded by The TK Foundation, The ITF Seafarers' Trust, and The Seafarers' Charity. It will examine how existing international protection
Seaway 7 awards offshore wind contract to CRP Subsea CRP Subsea has secured a contract from Seaway 7 for the supply of cable protection systems for ScottishPower Renewables East Anglia Two offshore wind project in the North Sea. Under this agreement, CRP Subsea will deliver 142 NjordGuard cable protection systems to protect each end of the inter-array cables on the project's wind turbines. These ...
Drone attacks hit three tankers off Turkey Three tankers were reportedly hit by drones in the Black Sea off Turkey's northern coast on Thursday, in the latest security incident to unsettle shipping close to the Bosphorus approaches. Shipping agency Tribeca said the attacks took place in international waters north of the Turkeli area, with all three vessels operating in ballast condition at ...
Hormuz crisis enters dangerous new phase The Hormuz shipping crisis is approaching its 100th day with no resolution in sight and the situation deteriorating sharply in the past 24 hours, as US forces struck Iranian targets at Bandar Abbas, Iran launched drones and ballistic missiles toward Kuwait, and at least four commercial vessels were forced to turn around attempting to transit ...
Samsung takes Wan Hai to FMC over pandemic-era container fees Samsung Electronics America has launched another legal challenge against a container carrier over pandemic-era detention and demurrage charges, filing a complaint against Taiwanese liner operator Wan Hai Lines with the US Federal Maritime Commission. The complaint, formally accepted by the FMC, centres on more than $1.2m in detention, demurrage and related fees tied to "store ...
Vår Energi awards long-term well services contract on Norwegian shelf Project management services company IKM Acona has been awarded a framework agreement by Vår Energi to deliver drilling and well services on the Norwegian continental shelf. The agreement has a duration of four years, with two two-year options. The agreement includes support and advisory services for drilling and well operations, including engineering studies, procedures, reporting, ...
Container cartel case forces PIL chairman to step aside As he readies to battle the US Justice Department, one of Singapore's best-known names in shipping has today revealed he will step away from the containerline his family founded nearly 60 years ago. SS Teo is taking a leave of absence from his role as executive chairman and director at Pacific International Lines (PIL), the ...
Dutch shipbuilder secures multi-purpose workboat order Damen Shipyards Group has signed a contract with Pro Liquid affiliate Protunus for the construction and delivery of a multi-cat vessel. As a result of Damen's stock building programme, the Multi Cat 2712 was already under construction at the shipbuilder's yard in Gorinchem when the order was placed. The shipyard will deliver the vessel, which ...
Haesong secures subsea cable partners for 1GW Korean wind project Haesong Offshore Wind has signed preferred supplier agreements with LS Cable & System and LS Marine Solution, as well as a tripartite memorandum of understanding with KEPCO, to secure delivery of subsea cables for its Haesong Offshore Wind 1 and 3 projects. The agreements establish a framework for the supply, transportation, and installation of subsea ...
Trump urged to end 'America last' Jones Act waiver The American Maritime Partnership has launched a national campaign urging President Donald Trump to end his administration's 150-day Jones Act waiver, arguing the move is harming American shipping jobs and investment while delivering negligible relief to fuel consumers. The waiver, introduced as the White House sought to combat rising petrol prices amid war with Iran ...
TotalEnergies advances 1.5GW wind farm off Normandy French energy major TotalEnergies has applied for planning permission for its 1.5MW Centre Manche offshore wind farm off the coast of Normandy. The company filed for permission eight months after being awarded the project by the French government. Located more than 40 km off the Normandy coast, this will be the largest renewables project ever ...
CMA CGM and NYK ramp up AI push across shipping operations French shipping and logistics giant CMA CGM and Japanese shipping major Nippon Yusen Kaisha (NYK) have unveiled major new artificial intelligence initiatives as the maritime industry accelerates efforts to integrate AI across vessel operations, logistics and corporate management. CMA CGM is set to showcase its expanding AI strategy today at the AI Now Summit organised ...
A practical vision of nuclear power at sea Andrew Craig-Bennett makes the case for nuclear-powered containerships. It looks as if the amateur naval theorists' talk about "choke points" has been listened to, by all the wrong people. It may well be that most ships sailing between Asia and Europe will be taking the longer way round, and not using the modern, much improved, ...
Long Beach offers $1m prize for first methanol bunkering US port said the reward will offset higher fuel costs and cover additional expenses, including the development of new safety...
Greek tugs take first steps towards the future Greece's port towage sector is finally being reformed
SS Teo to take leave from PIL and public roles amid US indictment Singaporean business veteran said he will take leave from PIL, Singapore Business Federation and National University of Singapore following US...
Britannia management shake-up aims to build 'more commercially driven business' Senior role for Helen Todd in male-dominated niche
Frangou: A woman for all seasons Angeliki Frangou has prioritised making Navios a model of resilience for uncertain times
Cosco arranges vessel exit as Chinese ships stream out of Hormuz Cosco president tells Lloyd's List the company is coordinating vessel withdrawals from the Middle East Gulf, as industry leaders warn...
Heidmar eyes 'multi-year' growth Greece-based commercial manager and pool operator is well-placed to benefit from shake-up in tanker markets
Euroseas clinches higher charter rate for two-year-old boxships Modern 'eco' tonnage can command a premium, but demand for older vessels is not too shabby either, says chief executive...
Greek banks vault to the top In an extraordinary surge of lending, National Bank of Greece is leading a small group of Greek banks that have...
Atlantic MR tankers lose all their Hormuz rate gains and more Tanker markets have corrected from Hormuz crisis highs. The segment suffering the most extreme correction: medium-range product tankers in the...
The Daily View: The signals versus the noise
US sanctions PGSA after reported new strikes on Iran The new US strikes follow its Monday attacks on Iranian missile sites and boats, putting the already shaky US-Iran peace...
Middle East port update: Thursday, May 28 In UAE, operations at Khalifa, Jebel Ali, Hamriyah and Sharjah ports are normal
Greek Shipping Awards: Icon of excellence A high-powered industry panel remains key to the credibility of the Greek Shipping Awards
Daily Briefing Solong owners can cap liability at around $21m, High Court rules | Laskaridis: A legacy of diversity | Greek tanker...
Bitcoin miner hits Zim, Houston with FMC lawsuit on delayed boxes A Canadian bitcoin miner that faced customs delays bringing specialty cooling towers into the US from China alleges Zim and the Port of Houston charged unfair per-diem fees.
Benefits of UP-NS merger erode on approval delay: analyst Rather than single objections against the proposed transcontinental railroad, time is the real threat to this deal, writes analyst Paul Tonsager.
STB accepts UP/NS paperwork, buts holds on merger decision The agency said there needs to be additional information submitted concerning the environmental impact of the merger.
Vancouver truce opens door for GCT as mega-terminal operator Last month's deal between the agency running Canada's largest container port and the terminal operator tenant ends a years-long legal battle over development of the Robert Banks Terminal 2 and GCT's separate plan to build a fourth berth at its Deltaport facility.
Double-digit rate increases whip up intra-Asia trades Strong regional cargo demand, buoyant market sentiment and higher bunker costs signal continued upward movement on intra-Asia rates, executives and analysts warn.
US and Iran reported to have agreed tentative ceasefire extension - with no Hormuz tolls Memorandum of understanding requires approval of Trump and Iranian officials
Capesize bulker rates soar to highest level since 2023 as futures curve also rises Bauxite, iron ore and coal volumes contribute to strong start to 2026
'I disagree with bigger is better,' argues Stamatis Tsantanis The fewer companies, the less visible the public dry bulk universe becomes, Stamatis Tsantanis argues
Sanctioned Sovcomflot-linked tanker pulls out of Cuba trip MR vessel diverts away from the Caribbean
Seanergy's Stamatis Tsantanis opens up on newbuildings, charters, and how Trump upended Oslo bond run US-listed pure-play capesize player is poised for further growth after ordering its first newbuildings
Hafnia changes its tune on newbuildings despite wishing prices were lower Product tanker specialist is wary of high prices for secondhand ships in uncertain markets
A card, a club, a quiver: International Seaways' Jeff Pribor gives a lesson in ATM 101 This week's Streetwise takes a look at how the New York tanker owner might - or might not - choose to issue 'at the market' stock
Ice-breaking LNG carrier embarks on early Northern Sea Route passage east Arc7 is laden with sanctioned cargo from Arctic LNG 2 plant
Capesize player Seanergy adds sixth newbuilding in strong freight market Greek owner Stamatis Tsantanis boosts newbuilding programme amid soaring freight rates for his index-linked fleet
Britannia appoints first female chief underwriter in industry's 171-year history Helen Todd takes top underwriting job in reshuffle of leadership posts
Greek banks rise to the top of the ship finance game Hellenic lenders have become the biggest single source of bank finance for their country's owners
Atlantic VLCC market remains strong even amid Middle East loadings Fearnleys reports lots of off-market activity, but available data shows a buoyant Atlantic market
NorthStandard edges towards $1bn in premiums three years after merger High pool claims contribute to underwriting losses as insurer eyes increasing global turbulence
Whether short or long, Bimco warns Hormuz closure will drag on tankers Ship supply is set to rise in 2027 regardless of whether the chokepoint opens
Hapag-Lloyd UK boss Bowie brought in to run CLdN fleet Luxembourg owner is shifting its operations to the UK
Nordic American Tankers sees first quarter profit outpace entire 2025 Norwegian suezmax specialist benefits from rising tanker markets
Paliou and Pappas explain M&A interest in Genco Consolidation is part of the dry bulk business, but it has a ceiling, say the heads of Star Bulk and Diana
'We put our money where our mouth is': Paliou doubles down on Genco bid Diana Shipping and Star Bulk CEOs say they are the only game in town for Genco shareholders
Hafnia to wind down two tanker pools in strategy shift BW Group owner says sales and charters have dictated a change in tactics
Greek owner DryDel opens Posidonia newbuild fest with triple order in Japan Costas Delaportas boosts his newbuilding programme to around 20 vessels in four years
Adnoc L&S lines up next raft of LNG carrier newbuildings in China Repeat customer looks set to secure a competitive price on upcoming vessels
Shell sets aside fresh raft of product tanker berths at Chinese yard Major moves again on fleet renewal of its infamous 'Project Silver' ships
Ernst Russ profit dips during diversification drive German shipowner is adding tankers to its portfolio to guard against global turmoil
Western Bulk Chartering set to buy back almost 3% of shares Bulker operator still has firepower left in its share buyback scheme, which will go towards employee incentives
Sanctioned suezmax targeted again in series of Black Sea tanker attacks Ship agency reports three incidents involving vessels off Turkey
JP Morgan reveals $3bn-plus splurge on over 30 newbuildings Andy Dacy explains why the transport investment arm of the world's biggest bank has put its faith in new tonnage
Wartsila plans expansion of Finnish sustainable technology capacity Company to add further $104m invesment as it focuses on cleantech transition
Shipowner in fatal North Sea collision can limit liabilities to $7m Judge dismisses 'fanciful' suggestion that management were aware of jailed master's failings
VLCC free as Okeanis gets last trapped tanker through Strait of Hormuz The Nissos Keros heading to India after loading oil in early March
Greek newbuild fury fuels rebirth of Hellenic fleet Hellenic orderbook is almost as big now as it was in the 2008 boom
Podcast: Hormuz crisis reshaping ship management, Anglo-Eastern warns 'Uncertainty' is becoming the biggest threat for Gulf crews
Hunter Group VLCCs banking $466,000 per day in second quarter Rate figures outstrip rivals by some margin
Fred Olsen reflects on oil, shipping and staying ahead Shipowner reflects on seven decades as Bonheur chair - and why, at 97, he is finally letting go
US sanctions Iran's Hormuz Strait authority as violence resumes in region Tehran claims to have prevented four ships from crossing the Strait of Hormuz
Baltic Exchange hits back at 'corrosive' Mercuria claim in fast-tracked trial Data provider says lawsuit over use of Middle East Gulf assessments is causing market uncertainty
Shipping veteran SS Teo takes leave of absence from PIL amid US claims Executive chairman and director of liner is accused by US of price fixing
US sanctions Iran's Hormuz Strait authority as violence resumes in the region Tehran claims to have prevented four ships from crossing the Strait of Hormuz
Klaveness Combination Carriers cuts guidance as tanker rates retreat Outlook downgraded on back of lower Cleanbu fixtures
Marinakis leaps to gas leadership with debut pair of pioneering CO2 carriers Major owner pushes forward as Greek peers make careful moves in large and small LPG carriers
China's energy lifeline more exposed at Hormuz than Malacca, think tank finds Indian Ocean chokepoints should be viewed as one theatre, International Institute for Strategic Studies says
GMS eyes tanker prize after green light for sanctioned ship scrapping Anil Sharma calls for sanctioned shipowners to hand over a slice of sale proceeds in exchange for US recycling licences
HMM grows fleet with four Hengli VLCC newbuildings worth around $500m Seoul-based company is said to be paying about $125m each for the 306,000-dwt crude carriers.
Trump threatens to 'blow up' Oman if it joins Iran in Hormuz toll No sanctions easing under consideration in talks with Iran, president says
Hub Group CFO, COO depart following accounting error Hub Group said Thursday that its chief financial officer and chief operating officer have left the company. The announcement comes as the company is in the process of restating financials after discovering an accounting error. In February, the company flagged a $77 million understatement of purchased transportation expenses for the first three quarters of 2025. That caused it to delay the release
U.S. fines Maersk $1.9 million over detention charges Maersk has agreed to pay a $1.9 million civil penalty to the Federal Maritime Commission over detention charges billed to third parties that had not agreed to Maersk's bills of lading, service contracts, or tariffs. The FMC said the settlement resolved allegations that Maersk assessed detention charges against third parties who had not consented to be bound by its contract terms. Maersk (OTC: AMK
Americold adds to belt-tightening initiatives Cold storage warehouse operator Americold Realty Trust announced it has expanded its cost-takeout efforts. Its new "Fit for Purpose" initiative aims to reduce overhead expenses by more than $25 million annually. Americold ( NYSE: COLD ) expects to achieve one-third of the annual cost-savings run rate this year, with full program implementation occurring by the end of the first quarter. (The compa
Freight billing gets AI boost as Kleinschmidt backs Upwell Supply chain integration services.provider Kleinschmidt Inc. announced a strategic investment in freight accounts receivable platform Upwell as the companies seek to help trucking carriers get paid faster through automated invoice auditing and billing workflows. The partnership, announced Thursday, aligns Upwell's AI-powered audited billing platform with Kleinschmidt's managed integration network
Intrastate delivery worker can be ruled interstate in dispute: SCOTUS A unanimous Supreme Court held Thursday that a transportation worker involved in the last-mile delivery of a product but who never crosses state lines can be considered an interstate worker. The most immediate impact in the case of Brock vs. Flowers Foods is that an intrastate worker at the tail end of an interstate transportation process can sue over a dispute with an employer rather than being
Industrial Real Estate is Tightening Again, and Now it Favors Last-Mile Owner-Operators The industrial real estate market spent 2024 recalibrating after the frenzy of the COVID-era warehousing boom. Developers had responded aggressively to the pandemic-driven surge in demand, pushing new supply into markets that were already beginning to cool. The result was a period of oversupply, but that chapter now appears to be closing. In an "Industrial Market Pulse" conversation with FreightW
Trucking, logistics firms double down on U.S. expansions Trucking companies, third-party logistics providers and port operators are expanding facilities across the U.S. as they position for long-term freight growth and demand for warehousing, grain exports and temperature-controlled transportation. Recent announcements include new trucking terminals in Kentucky and North Carolina, warehousing expansions in Florida and California, and major port infrast
BREAKING: STB conditionally accepts UP-NS rail merger application, wants more data Federal regulators on Thursday accepted the merger application submitted by Union Pacific and Norfolk Southern, on the condition that the railroads submit more information for review by July 27. Much of that information concerns the environmental impact of the merger. Shares of the companies were down about 5% on the news. The STB's 42-page decision (PDF) comes after UP (NYSE: UNP ) and NS (NYSE:
Maersk denies report its vessel transited dangerous Mideast route Maersk, the world's second-largest container carrier, this week denied a report that one of its ships recently transited a critical Middle East shipping route. A report by British analyst Drewry said a Maersk vessel transited the northern portion of the Suez Canal trade lane the week of May 17. It cited automated tracking data and Maersk's published schedule. "We cannot confirm what you are heari
Could Yellow Corp. workers finally get paid? Former Yellow Corp. employees could finally receive payment for unused vacation and accrued sick leave, almost three years after the less-than-truckload carrier ceased operations. However, some hurdles remain to be cleared, according to a Wednesday memo from the Teamsters to Yellow's local unions. A federal bankruptcy court in Delaware approved a final liquidation plan in November , calling for t
Supply chain finally gets its 'Squawk Box': FreightWaves Today launches June 1 For decades, Wall Street has started its mornings with a shared ritual: live television where the biggest names debate the moves that move markets in real time, but supply chain and logistics have never had that. Until now. On June 1, FreightWaves is launching FreightWaves Today , a live daily broadcast that will give the industry its first true command center for market intelligence, real-time d
Freight market pushes another wave of trucking firms into bankruptcy Another wave of trucking and logistics companies sought bankruptcy protection during May as carriers across the U.S. continued grappling with erratic freight demand, soft spot rates and elevated operating costs. More than 20 trucking-related companies filed either Chapter 7 liquidation or Chapter 11 restructuring cases during the past 30 days, according to bankruptcy filings compiled by FreightWa
Amazon tests e-cargo bikes in Washington, D.C. Amazon has launched its second U.S. pilot project for electric cargo bikes, this time in Washington, D.C., as part of a broader effort to reduce transportation emissions and congestion by embracing small, lightweight vehicles for package delivery in dense urban environments. The retail and logistics goliath this month launched a 10-month program to assess how e-bikes can support package delivery
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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