HII appoints Renee Swan EVP and chief human resources officer HII (NYSE: HII) has appointed Renee Swan to executive vice president and chief human resources officer (CHRO), effective Dec. 7, 2026. She comes to HII from Nashville-based Atmus Filtration Technologies (NYSE: ATMU),
VIDEO: RMC launches third multi-purpose corvette Finland's Rauma Marine Constructors (RMC), which is teamed with Bollinger on the U.S. Coast Guard's Arctic Security Cutter icebreaker program, has now launched the third of the Pohjanmaa-class multi-purpose corvettes that it
Natalia Margioli takes the helm at the Institute of Chartered Shipbrokers The Institute of Chartered Shipbrokers (ICS) has officially welcomed its new senior officers at this year's meeting of its controlling council held in Cape Town, South Africa. Outgoing president Punit Oza FICS
Hanwha Defense USA is first shipbuilder selected to build Medium Landing Ship Jacksonville, Fla.- headquartered TOTE Services, LLC, the Vessel Construction Manager for the Navy's Medium Landing Ship (LSM) program has selected the first shipbuilder in what will be a multiyard program: Hanwha Defense
Rhenus signs 10-year military logistics agreement with Dutch Defence Ministry Rhenus has signed a ten-year agreement with the Dutch Ministry of Defence to support military logistics operations in the Netherlands. The partnership focuses on the Soesterberg Logistics Centre (LCS), which supplies materials and equipment to the country's armed forces. Under the agreement, Rhenus will support warehouse operations and help improve supply chain processes. The partnership aims to
FedEx revenue rises 12% as international freight business grows FedEx reported revenue of $22.9 billion for the third quarter of calendar 2026, up approximately 12% from $20.4 billion a year earlier. The company benefited from higher package yields, increased freight volumes and ongoing cost reductions. Operating income rose to $1.07 billion from $972 million in the same quarter of 2025. However, reported net income from continuing operations fell to $290 mil
Panama Canal appoints Tommy Thomsen as Advisory Board chairman The Panama Canal has appointed Danish shipping executive Tommy Thomsen as chairman of its Advisory Board, succeeding Admiral William J. Flanagan. The leadership change took place during the Board's 41st meeting, held from 26 to 28 October 2026. The meeting focused on global maritime trade challenges and the Canal's strategic development plans. Board members also reviewed water management, revenue
APSEZ raises full-year outlook after strong second quarter Adani Ports and Special Economic Zone (APSEZ) has raised its revenue, EBITDA and capital expenditure guidance following strong results for the second quarter of the 2027 financial year. The Indian port and logistics operator reported consolidated revenue of Rs11,340 crore for the quarter ended 30 September 2026. This represents an increase of 24% from Rs9,167 crore in the same period last year. EBI
Toyo Construction wins Sihanoukville container terminal contract Toyo Construction has secured a ¥26.2 billion contract to build the second new container terminal at Sihanoukville Port in Cambodia. The Port Authority of Sihanoukville awarded the Japanese contractor Package 1, which covers the civil engineering works for the NCT2 expansion project. Construction is expected to take 36 months. According to Toyo Construction, this will be its largest project under
SFL acquires two 8,800 TEU container ships SFL Corporation has agreed to acquire two 8,800 TEU container vessels scheduled for delivery in 2027. The company will also acquire a 93,000-cubic-metre dual-fuel Very Large Ammonia Carrier, which is due for delivery in 2028. The three vessels have an aggregate acquisition cost of approximately US$365 million. SFL has secured minimum eight-year time charters for the two container ships with an un
What the shrinking US port budget says about the contest with China The latest MARAD round is the smallest in five years. The bigger problem is that America funds its maritime revival one grant at a time, while China runs it as a five-year plan
Wallenius Wilhelmsen orders four LNG dual-fuel PCTCs Wallenius Wilhelmsen has ordered four LNG dual-fuel Pure Car and Truck Carriers from China's Jinling Shipyard and secured options for eight additional vessels. Each Shaper Class vessel will have capacity for 9,900 car equivalent units. Delivery of the four firm ships is scheduled to begin in mid-2030. The options cover four additional vessels for delivery in 2031 and another four in 2032. If Wall
India approves major container manufacturing support scheme India's Union Cabinet has approved the Container Manufacturing Promotion Scheme, a Rs 10,000 crore programme designed to expand domestic production and reduce the country's reliance on imported shipping containers. According to two official government announcements, the programme will run from the 2027-28 financial year until 2039-40. It will support new manufacturing plants and the expansion of
Maersk introduces reefer surcharge for shipments to Tema Maersk will introduce a Peak Season Surcharge (PSS) for refrigerated cargo moving from the Far East, Middle East and Americas to Tema, Ghana. The surcharge will take effect on 16 November 2026. For regulated countries, it will apply from 1 December 2026. Origin Destination 20-foot reefer 40-foot reefer Far East, Middle East and Americas Tema, Ghana US$300 US$600 The surcharge will remain applicab
Valenciaport awards contract for elevated seafront promenade The Valencia Port Authority has awarded the contract for the refurbishment of the steel structure of the elevated seafront promenade in the La Marina area of the Port of Valencia. The contract has been awarded to the joint venture SORIGUE ACSA CONSERVACIÓN DE INFRAESTRUCTURAS and ACSA OBRAS E INFRAESTRUCTURAS, with a budget of EUR 2,257,841 including VAT and an expected completion period of 15 mo
Maersk reduces Middle East-West Africa contingency surcharge Maersk will reduce its Emergency Contingency Surcharge (ECS) for shipments from selected Middle Eastern ports to West Africa. The revised charges will apply from a Price Calculation Date (PCD) of 1 November 2026. The origin scope covers Jebel Ali, Fujairah and Khor Fakkan in the United Arab Emirates, as well as Sohar in Oman. Revised ECS levels All listed surcharge levels will decrease by US$500
Hapag-Lloyd warns of London Gateway rail disruption Hapag-Lloyd has announced that rail services to and from London Gateway are suspended following a train derailment in Barking, United Kingdom. Based on the latest information available to the carrier, the disruption is expected to continue for at least one week. Inland cargo movements connected with London Gateway may therefore face delays. Alternative arrangements for cargo Customers with Mercha
Port Saint John advances new investments Port Saint John has announced CA$ 360 million in federal and provincial funding for channel improvements, marking the next chapter in the port's ongoing modernisation and growth programme. The investment will deepen, widen and improve the alignment of key harbour channels to strengthen marine access and improve operational efficiency and reliability across the gateway. The announcement builds on
San Pedro Bay identifies LNG and methanol as near-term priorities The ports of Long Beach and Los Angeles have released a comprehensive Clean Marine Fuel Feasibility Assessment identifying the most promising alternative marine fuels for oceangoing vessels calling at the nation's busiest port complex, conducted as part of their joint Green Shipping Corridor efforts. The study examined which fuels are most likely to be adopted by the shipping industry, how much d
Maersk separates Finnish port charges from inland haulage rates Maersk has changed the cost structure of its inland haulage services for import and export shipments in Finland. Effective from 1 October 2026, Arex charges and port dues are no longer included in the carrier's inland haulage rates. Instead, Maersk will list these costs as "subject to" charges in its terms and conditions. Therefore, customers should consider them separately when reviewing the tot
ABP strengthens Humber logistics capabilities Associated British Ports has acquired Global Shipping Services, a leading provider of stevedoring, warehousing, storage and port agency services across the Humber region, extending the range of integrated solutions ABP can offer customers and strengthening its position in the UK's largest trading gateway by volume. Established in 1989 following the merger of several experienced Humberside port se
GXO opens new logistics hub in Malaysia's Johor-Singapore economic zone GXO Logistics has opened a new logistics hub in Medini, Malaysia, expanding its operations across the Asia Pacific region. The facility is located within the Johor-Singapore Special Economic Zone, a key corridor for regional trade and manufacturing. The new site offers Free Trade Zone benefits and access to major ports, airports and industrial centres in southern Malaysia and Singapore. Its locat
Port of NY/NJ appoints PATH leadership team The Port Authority of New York and New Jersey has announced that PATH Director and General Manager Clarelle DeGraffe will retire at the end of 2026 after more than 37 years with the agency, the last seven leading the PATH rail transit system. James Sincaglia, a long-time NJ Transit executive, has been appointed as her successor, joined by Matthew Reddell, formerly of Bay Area Rapid Transit in nor
Maersk removes PSS for larger boxes on Europe-South Africa trade Maersk has revised its Peak Season Surcharge (PSS) for shipments from Europe to South Africa. The amended rates apply from 29 October 2026 and will remain in effect until further notice. Mozambique is excluded from the destination scope. Revised surcharge levels The PSS remains at US$225 per container for all 20-foot equipment. However, Maersk has reduced the surcharge for all 40- and 45-foot con
Cisco and PSA Singapore collaborate on AI-driven platform for Tuas Port Cisco and PSA Singapore have announced a strategic collaboration to develop a proof of concept for an AI-powered observability and incident management platform at Tuas Port, the world's largest fully automated container terminal. The initiative is part of Cisco's Country Digital Acceleration programme, through which Cisco partners with public and private sector organisations to advance national d
Swedish owner Veritas books up to six chemical tankers in China Swedish shipowner Veritas Tankers has placed an order for up to six 13,000 dwt stainless steel chemical tankers at China's Nantong Rainbow Offshore & Engineering Equipment, in a deal potentially worth $248m. The yard's Shenzhen-listed parent, Jiangsu Rainbow Heavy Industries, confirmed the contract with an unnamed European owner in a stock exchange filing, putting the ...
Evalend drops newcastlemax option at Dajin Heavy Greek shipowner Evalend Shipping has been linked to the decision not to exercise an option for a fourth 211,000 dwt newcastlemax bulker at China's Dajin Heavy Industry, removing a potential CNY525m ($78m) vessel from the yard's order pipeline. Dajin disclosed that the option under a three-plus-one shipbuilding agreement signed in July had expired and that ...
China Merchants tanker arm targets Yangtze fleet renewal China Merchants-controlled Nanjing Tanker is planning to invest up to RMB191.72m ($28.7m) in ten 4,000 dwt crude oil barges as it moves to upgrade its fleet serving refineries along the Yangtze River. The Shanghai-listed owner has approved the investment through wholly owned subsidiary Nanjing Yangtze River Oil Transport Logistics, with Hunan Jinhang Shipbuilding selected to ...
Hengli leaps from fifth to first in global shipbuilding rankings Hengli Heavy Industry has captured almost a quarter of global newbuilding business this year, an extraordinary achievement for a Chinese shipyard that was brought back from the dead just four years ago. New figures from shipbroker Banchero Costa show the Dalian-based yard secured orders for 276 ships between January and September, representing 23.4% of all ...
Splash Wrap: New networks, old faultlines Two significant European consolidation deals this week illustrated the shipping industry's appetite for greater control over supply chains. Spanish shipping group Boluda agreed to acquire Dutch multimodal operator Samskip, creating a shortsea network spanning 28 countries, 32 vessels and 18 routes. Meanwhile, Contship is returning to the liner business through its acquisition of Italy's Tarros, ...
Aker BP and DNO sanction fast-track North Sea oil development Norwegian oil companies Aker BP and DNO have made a final investment decision to develop the Kjøttkake discovery in the North Sea, now renamed Lyra, with first oil targeted for the first half of 2028. The development, located in production licence PL1182S in the Gjøa area, will comprise three multilateral subsea wells connected to the ...
Dockworkers unite across 113 ports in global anti-war protest One of the largest coordinated port labour mobilisations in history is underway today, with more than 25 unions staging strikes and demonstrations at 113 ports across 22 countries and territories. The worldwide action, organised under the banner "Dockworkers do not work for war", has expanded dramatically from a smaller mobilisation involving 20 ports across seven ...
Equinor's US offshore wind project faces fresh schedule setback Norwegian energy major Equinor has pushed back first power from its $7.5bn Empire Wind offshore wind project in the US to the first half of 2027 over delays with US-built vessels needed for turbine installation. The company disclosed the revised schedule during its third-quarter results presentation, with chief financial officer Torgrim Reitan confirming that the ...
Oil majors count the cost of runaway tanker rates Soaring tanker freight rates are taking an increasingly heavy toll on the world's oil majors, with the latest quarterly results revealing billions of dollars in additional shipping-related liabilities, squeezed refining margins and losses on trading positions. Shell has disclosed a $5.4bn non-cash increase in its shipping lease liabilities during the third quarter, reflecting the extraordinary ...
Seatrium bags FPSO integration job from SBM Offshore Singapore offshore engineering group Seatrium has secured a contract worth more than S$200m ($156.5m) from Dutch floater specialist SBM Offshore to integrate an FPSO vessel destined for South America. The contract covers fabrication of mooring and riser support structures, a flare tower and associated topsides support structures, alongside vessel modifications and drydocking activities. Seatrium
CVC takes majority stake in Spanish ship repair yard Cernaval Infrastructure investor CVC DIF has completed the acquisition of a majority stake in Spanish ship repair specialist Cernaval, giving the private equity group a foothold in one of Europe's busiest maritime crossroads. The transaction covers the shipyard at Campamento in the Port of Algeciras Bay, strategically located on the Strait of Gibraltar. Financial terms and ...
Maritime CEO Forum: When to leave the party Shipping investors are enjoying extraordinary returns but face increasingly difficult decisions over when to cash out, with industry leaders warning that geopolitical disruption is masking underlying market risks and encouraging potentially dangerous investment decisions. Speaking at the Money and Ships session of this week's Maritime CEO Forum at the Yacht Club de Monaco, Christoph Toepfer, ...
Three bodies found after Borr rig sinking The bodies of three people have been located following the sinking of Borr Drilling's Prospector 5 jackup offshore Gabon, with two others still missing as BW Energy suspends its 2026 capital expenditure guidance and reassesses its drilling plans. Borr said an underwater remotely operated vehicle located the bodies during ongoing search operations. Recovery efforts are ...
Tanker targeted with hull-mounted explosives in Hormuz A tanker has been set ablaze in the Strait of Hormuz after attackers aboard a small boat attached explosives directly to its hull, marking a worrying new tactic in the campaign against commercial shipping. The Panama-flagged, 159,092 dwt Louise 1 was attacked late yesterday, 25 nautical miles northeast of Khasab, Oman, according to maritime security ...
Institute of Chartered Shipbrokers appoints first female president Greek shipping education specialist Natalia Margioli-Komninou has become the first woman to lead the Institute of Chartered Shipbrokers (ICS) in its 115-year history. Margioli-Komninou took over as president at the institute's Controlling Council meeting in Cape Town, South Africa, succeeding Punit Oza, who held the position for the past two years. She is also the ...
VLCC rates rising again as focus shifts toward war escalation risk The system of Hormuz shuttles and ship-to-ship transfers has been historically profitable for crude tanker owners. If the US bombs...
The Daily View: The maritime truce shipping needs is moving further out of reach
Long-running Arcadia fraud case to end in payday for cleared oil traders Two former oil traders, pursued in the courts for 11 years by John Fredriksen over baseless fraud claims, are set...
Capital Clean Energy Carriers 'confident' in LNG shipping prospects Evangelos Marinakis-backed owner has taken eight newbuildings this year
NGOs want Dominguez to walk back LNG comments Green groups said the IMO Secretariat 'must remain neutral' in the debate over whether LNG is a green transition fuel...
Oil from 'significant spill' washes up on UAE beaches Previous spills in the region due to the conflict have not seen coastline damage, but it appears the UAE will...
Premier Alliance adds more Suez services as Red Sea return accelerates Almost all major Asia-Mediterranean liner services are now using Suez or plan to use the waterway in the coming weeks...
Suez return fails to dent buoyant boxship charter market Tight vessel availability is continuing to underpin the containership charter market
Dockworker strikes threaten 40% disruption to Mediterranean cargo flows Unions stage coordinated action across more than 100 ports in 22 countries, although port authorities expect only a limited operational...
Small craft attack on tanker marks shift in Hormuz threat A tanker was temporarily disabled after a small craft attached explosive devices to its hull, a development described as being...
Hormuz blockade keeps dry bulk queues near twice year-earlier levels Dry bulk waiting vessels rise 75% year on year near Hormuz as Fujairah and Sohar account for almost half the...
India bets $1.1bn on breaking China's grip on container manufacturing Even if India hits its 2040 target, it will be making in a year what China turns out in roughly...
Daily Briefing Tanker shares shoot higher yet again as broader stock market buckles | London arbitration overrides Spanish Supreme Court on Prestige...
FedEx Freight shipments drop but fuel, rates boost revenue The largest US less-than-truckload carrier said shipments decreased 1.4% year over year for the four months through September, but it expects to gain business in new verticals.
Strike deadline at LA-LB ports delayed until Nov. 4: PMA The Pacific Maritime Association said talks with ILWU Local 26 will continue with assistance from the Federal Mediation and Conciliation Service.
Top ocean carriers sit tight within three-tiered reality: analyst There are quite distinct tiers within the top 10 container carriers, and it's not easy - without huge investment or further consolidation - to move between them, writes Jeremy Masters.
India launches $1 billion plan to boost domestic container manufacturing The incentive program will run through fiscal 2039-40 and is meant to neutralize China's inherent competitive advantages as a container production hub, industry sources say.
Cosco targets intermodal services, e-commerce trade to boost earnings That comes as the carrier posted strong third-quarter revenue gains on the trans-Pacific, Asia-Europe, and intra-Asia trades, buoyed by higher freight rates.
Industrial gas suppliers focus on AI buildout amid helium disruption Air Liquide and Linde, major project cargo shippers, said despite measured improvements in supply, the global helium market faces ongoing pressure and uncertainty stemming from the war in the Middle East.
Giant Qatari LNG carrier suffers fire in Gulf attack as Trump says war will be 'wrapped up soon' Incident follows two attacks on suezmax tankers on Thursday and Friday
US shipping stocks eke out weekly profit despite Friday market meltdown Product tanker stocks turn in a strong week despite sour Friday
Odin Marine celebrates 50 years Texas-style in Houston bash Brokerage's birthday party keeps it light on speeches and tuxedoes
Dry-cargo vessel damaged as Russia claims to 'neutralise' 11 ships in a week Latest vessel accused of carrying military and dual-use cargo
Wavelength podcast: the reluctant shipowners Plus, autonomous shipping is no longer a dream. It just requires realistic expectations
Scorpio Tankers boss Lauro files to sell $22.3m in stock CEO's brother also looking to part with smaller number of common shares
Capital Clean Energy earnings beat expectations with revenue growth surprise New York-listed gas carrier owner sees more revenue days in LNG and higher rates in LPG
Arkas Line shifts Russia Express service to Baltic amid Black Sea risks Turkish carrier reroutes Russia Express service from Novorossiysk to St Petersburg
China Merchants fixes VLCC voyages at eye-watering WS800 Owner capitalises on exceptional tanker market as fourth-quarter earnings prospects strengthen
Hanwha Philly's pivot bears fruit with $1bn order for US Navy ships After becoming new majority owner of Phildelphia shipbuilder, Hanwha Defense USA scores its first contract
Porsche-driving ex-V.Group insurance broker jailed over claims fraud Rajit Sharma misdirected claims payouts to his own accounts for years
Smaller bulkers will be our moneymakers, says Norden boss Rindbo Demand for smaller bulkers looks steadier for longer
Cosco tanker profits soar as VLCC rates break records Energy giant cashes in as key Middle East route reaches extraordinary levels
Middle East and Russia disruptions hit fertiliser trades, says Braemar Falling China sulphur imports affect global phosphate production
North Star loss mounts as offshore wind shipping remains 'challenging' Major service operation vessel owner bemoans cost inflation
'Insane' US attacks on Iran planned next week as ship strikes continue Connecticut senator argues Trump's attack plans will only escalate the conflict
WinGD inks first license agreement with HD Hyundai Marine Engine Hook up aimed at developing mid-bore offerings
'Insane' US attacks on Iran planned next week as ship attacks continue Connecticut senator argues Trump's attack plans will only escalate the conflict
Shipping's investment boom faces reckoning as financiers warn of market risks Geopolitical disruption, aggressive ordering and abundant capital are testing the industry's long-term discipline
US-listed Dorian LPG hikes dividend to highest level in more than five years John Hadjipateras-led VLGC owner will pay $53.7m to shareholders amid freight market boom
World's oldest LNG carrier put up for demolition sale Forty-nine-year-old steam turbine vessel has lain idle for more than five years
Shipping bond spreads reflect limited upside, says Fearnleys Diana Shipping, International Seaways, MPC Container Ships, Navigator Holdings and Stolt-Nielsen cut to hold
Is the world paying attention to shipping? The Maritime Attention Index looks for answers Dustin Eno has rolled out the reading to chart exactly how much the general public is paying attention to the industry
Ningbo Ocean plots major fleet expansion despite profit squeeze Chinese liner operator targets eight newbuildings as rising costs erode margins
Ifchor Galbraiths targets container market with hiring of veteran Braemar brokers Anglo-Swiss shipbroker is set to launch a container sale-and-purchase desk after recruiting long-serving specialists from rival shop
Pistiolis tanker firm's stock jumps 2,400% after fourth share reduction this year Nasdaq-listed Rubico boosts price to well above the minimum $1 listing requirement
Phillips 66 fails to secure Norden tankers on five-year deals as rates fall Two MR ships said to have failed subjects for delivery in 2028
Shipping bond spreads reflect overly optimistic market view, warns Fearnleys Diana Shipping, International Seaways, MPC Container Ships, Navigator Holdings and Stolt-Nielsen cut to hold
South Korea's DaeSun Shipbuilding reborn as SB DaeSun under new owner Revived shipyard will focus on contracting 13,000-dwt chemical tankers
'History is made': Shipbrokers elect first woman and first Greek to lead ICS in 115 years Natalia Margioli takes over top job from Punit Oza.
Do not reward LNG under clean shipping plan, campaigners urge IMO Thirteen groups send open letter to Arsenio Dominguez after comments about LNG as a transitional fuel
Fulford-Smith-led Western Arc Recycling takes shape Venture hopes to conclude its first ship purchase before year-end
Trafigura puts money into fight against Ebola virus in Africa Trader is helping buy medical equipment in Democratic Republic of Congo
Fred Olsen holding company builds wind ship backlog to more than $1bn Bonheur profit rises in tight market and cruise is also positive
'Milestone': Shipbrokers elect first woman and first Greek to lead ICS in 115 years Greece's Natalia Margioli takes over the top job from Punit Oza
Fredriksen ordered to pay 'substantial nine-figure' damages to former trading executives Shipowner will compensate duo after wrongfully imposing freezing order for 10 years as part of fraud trial
Jiahua Energy orders large $165m ethylene and ethane carrier after entering shipping sector Chinese chemicals producer follows up August's debut deal with bigger vessel
Kongsberg Maritime hits record order backlog as newbuild demand surges CEO says 'solid' order intake across vessel segments boosted backlog
Iran deploys new small-boat tactics in attack on tanker in the Strait of Hormuz Explosive devices, possibly limpet mines, attached to hull of outbound suezmax
Greeks dominate as suezmax sales jump by a third on VLCC spillover Suezmax buyers are piling in as red-hot VLCC market pushes owners and investors towards cheaper tonnage.
Seatrium lands $156m-plus FPSO integration job from SBM Offshore Singapore yard to fabricate key structures and integrate topsides on South America-bound unit
NextDecade prepares to fire up its Rio Grande LNG production Market disruption is forcing companies to seek reliability of supply over price, CEO says
Hengli's shipbuilding earnings soar as investment spree accelerates Chinese shipbuilding heavyweight reports a near-fivefold jump in quarterly profit while assets under construction surge more than 13-fold
China's great leap of energy leaves Trump stuck in past Beijing is super-charging its energy transition as Washington rolls back climate rules, presenting shipping with a stark choice
Recycling coup: Alang Auto lands BW LNG steamship in Ace Exim resale Indian recycling group adds gas carrier to a busy year after completing Dukhan job
Rail Rivalry: Schneider's Bold Move to Norfolk Southern from CSX Schneider is making a monumental shift in its intermodal operations, moving all eastern rail business from CSX to Norfolk Southern. This strategic partnership aims to unlock significant growth, enhance capacity flexibility, and drive more freight off the roads and onto rail. Discover the full implications of this major move and what it means for the future of intermodal logistics. Schneider Natio
Unexpected Boom: Trailer Leasing Demand Hits Record Highs The trailer market is experiencing an unexpected surge, with utilization rates surpassing even pandemic levels. Craig Barth, CFO at Premier Trailer Leasing, breaks down why this supply-side driven boom is happening, the shift in demand for older equipment, and critical fraud warnings for those seeking rentals. We also dive into how fleets are navigating CapEx decisions and the importance of preve
SAIA's Record $982.5M Q3 Revenue | What's Next? SAIA President & CEO Fritz Holgrefe breaks down the company's impressive third-quarter earnings, including record revenue and significant improvements in customer satisfaction and claims ratios. Discover how strategic network investments and a customer-centric approach are driving SAIA's success and what lies ahead for the logistics giant. Saia reported record third-quarter revenue of $982.5 mill
TFI chief Bedard rips into its US LTL operations, promises change Alain Bedard, the CEO of TFI International, had been highly critical of his company's U.S. LTL operations back in 2024, at one point referring to some of its practices as "stupid." As recently as April, he was far more optimistic about the segment that was built largely through the TFI acquisition of UPS Freight in 2021. But on Friday, after a third quarter earnings report that had the performanc
Beverage Distribution: Why Your SKU Count is Crushing Productivity SKU proliferation has made beverage distribution a logistical nightmare. Zac Boehm, Chief Automation Officer at Hy-Tek Intralogistics, breaks down how their innovative automation systems, High-Sync and High-Flow, tackle the challenges of rising product counts and high labor turnover. Learn how optimizing pick paths and simplifying operations can lead to double or even triple pick speeds and a mor
Arkansas truck blitz nets 183 English violations, 44 arrests in 48 hours Arkansas Highway Police and federal law enforcement agencies conducted a sweeping 48-hour commercial vehicle enforcement operation that resulted in 183 English-language proficiency violations, 44 criminal arrests and more than 1,000 motor carrier safety violations. The crackdown, dubbed Operation Highway Shield , took place from 6 a.m. Tuesday through 6 a.m. Thursday (Oct. 27-29), targeting unsaf
European postal operators gear up for surge in holiday volume Postal operators in Norway and Germany are adding significant parcel capacity and making operational adjustments to handle an expected flood of packages and gift cards in the weeks leading up to Christmas. Posten Bring, the state-owned postal services and logistics provider in Norway, has installed hundreds more parcel lockers to offer more flexible delivery options and recently opened its larges
Covenant Logistics CEO expects double-digit truckload rate hikes in 2027 Covenant Logistics Group CEO David Parker expects truckload contract rates to increase by double digits in 2027 as trucking companies contend with rising operating expenses, tightening driver capacity and continued federal enforcement of safety regulations . Speaking during the Chattanooga, Tennessee-based carrier's third-quarter earnings call with analysts Friday, Parker said carriers will need
CN 3Q profit rises 6% as freight revenue climbs Canadian National Railway reported a 6% increase in third-quarter profit Friday as stronger grain, energy and automotive freight activity lifted revenue, while higher fuel costs and a technology write-down weighed on reported margins. The Montreal-based railway (NYSE: CNI ) maintained its full-year earnings outlook, saying growth was tracking toward the upper end of its forecast range. CN earned
Jett McCandless named first FreightTech Vanguard Award winner at F3 Jett McCandless, founder and CEO of project44 and LSP44, received the FreightTech Vanguard Award at FreightWaves' F3: Future of Freight Festival dinner Monday, recognizing his contributions to the freight and logistics industry. FreightWaves presented the award during F3 in Chattanooga, Tennessee, an annual event focused on innovation and the future of freight. The event also featured the Freight
Safety Technology Is Only as Good as the Trust Behind It Every carrier with a safety technology program eventually learns the same lesson: the hardware is the easy part. Cameras can be mounted, collision mitigation can be specified on new tractors, and telematics can be switched on. What's harder to install is the belief, among people who spend their working lives behind the wheel, that the technology is on their side. That gap between deployment and a
Mexico truckers halt protests, demand action on deadly highway crime While Mexican truckers have suspended a nationwide strike that disrupted highways across 19 states, industry leaders warned that demonstrations could resume if federal and state authorities fail to address grievances that include cargo theft and violence against drivers . The suspension follows negotiations between Mexico's Interior Ministry (Segob) and four trucking organizations - the National
New Georgia hub aims to take 26,000 containers off the road Gov. Brian Kemp and Georgia Ports Authority officials celebrated the grand opening of the $134 million Gainesville Inland Port on Thursday, marking a new connection between Northeast Georgia's manufacturing economy and international markets through the Port of Savannah. The ceremony followed the terminal's operational opening on May 4. The facility provides direct Norfolk Southern (NYSE: NSC ) ra
Aurora reaffirms it's on track to produce more than 1000 trucks in 2027 Aurora Innovation cut its 2026 revenue forecast to about $9 million on Wednesday, down from the $14 million to $16 million reported in its second-quarter results, after a six-week manufacturing delay. The company reported third-quarter revenue of $3 million and an operating loss of $257 million. Over the past month, output at Roush, which upfits Aurora's trucks in Livonia, Michigan, was held bac
Schneider partners with Norfolk Southern; raises outlook despite Q3 miss Schneider National announced Thursday it has inked a deal to utilize Norfolk Southern's rail network in the East. The announcement was in conjunction with the multimodal transportation provider's third-quarter report, which was slightly worse than expected. New Norfolk Southern service agreement Schneider said its new service agreement with Norfolk Southern ( NYSE: NSC ) will make the company the
Schneider to shift eastern rail business to Norfolk Southern from CSX Schneider will make Norfolk Southern its primary eastern rail provider under an agreement announced Oct. 29 aimed at expanding domestic intermodal capacity and giving shippers more options to move freight across the eastern United States. The agreement, effective in November, shifts Schneider's NYSE: SNDR ) company-owned equipment, drivers and logistics operations away from CSX (NASDAQ: CSX ) and
Venti brings driverless yard trucks to US yards Venti Technologies' driverless container trucks have worked PSA's port in Singapore for nearly three years. Traffic there runs in one big loop, so the trucks never had to back up. U.S. rail yards are less forgiving. Venti says a Class I intermodal railroad plans to run more than 130 Venti trucks across eight sites by 2027. First, the Boston-based company had to teach its trucks two skills Singapo
FedEx Freight sees volumes stabilize, eyes Q4 margin improvement The nation's largest less-than-truckload carrier, FedEx Freight, said Thursday that volumes have continued to stabilize and that it expects to see stronger operating leverage next year as a standalone company. Its local, dedicated LTL sales teams are seeing business wins and driving a better freight mix across the network. FedEx Freight ( NYSE: FDXF ) completed its spinoff from FedEx ( NYSE: FDX
Amazon battles freight inflation as shipping costs jump 11% in Q3 Amazon reported record operating profitability in the third quarter on Thursday after the market closed, as the e-commerce giant continued expanding its delivery network and robotics investments amid higher transportation costs. CEO Andy Jassy said investments in same-day fulfillment facilities and ultra-fast delivery services are helping the company attract more customers while lowering fulfillm
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