SAAM Towage takes delivery of new high-performance tug SAAM Guanay Santiago, Chile-headquartered SAAM Towage has taken delivery of a new high-performance tug from Turkey's Sanmar Shipyards. Named SAAM Guanay. the new Bogacay Class vessel, is based on Robert Allan Ltd.'s RAmparts 2400SX
Anschütz completes navigation system refit for RRS Sir David Attenborough Since entering service in 2021, the polar research vessel RRS Sir David Attenborough has been equipped with navigation systems from Anschütz. As part of a recent refit, Anschütz has now supplied the
Digitalization is now affordable ... and operationally compelling, says Mark O'Neil The cost of creating smart vessels has fallen dramatically in recent years, making digitalization a financially viable and operationally compelling option for shipowners and managers, according to Columbia Group. Speaking at a
Kongsberg Maritime to design and equip new Transpetro tanker sextet Kongsberg Maritime has been contracted to design and equip four 15,600 dwt methanol/ethanol-ready handy size product tankers for Petrobras subsidiary Transpetro. The contract with Kongsberg Maritime has been placed by the shipbuilder:
Kongsberg Maritime to equip Transpetro's new tankers Kongsberg Maritime will design and equip four methanol/ethanol-ready handy-size tankers for Transpetro. The vessels will be built by Consórcio Marenova in Rio Grande and Niterói, Brazil. The NOK 300 million contract covers ship design and integrated systems. These include Promas propulsion, controllable pitch propellers, deck machinery, tank gauging, and advanced navigation and automation solutio
Lufthansa Cargo announces key management appointments Lufthansa Cargo has appointed three executives to new leadership positions. On 15 February 2026, Gunnar Loehr will become Head of Region DACH & KAM EMEA. He will oversee Germany, Austria, Switzerland, and key accounts across Europe, the Middle East, and Africa. Loehr joined Lufthansa Cargo in 2002 and has held roles across Spain, Portugal, the Arabian Peninsula, Latin America, and at the company
UAE Ministry, Khazna and Agility launch AI pilot to boost energy efficiency The UAE Ministry of Energy and Infrastructure, Khazna Data Centers, and Agility have launched a pilot project to implement Phaidra's AI technology across data centers and district cooling operations in the UAE. The announcement was made at the World Governments Summit in Dubai. The pilot builds on a Memorandum of Understanding signed between the Ministry and Agility during Abu Dhabi Sustainabilit
COSCO places milestone order for Everllence dual-fuel engines Everllence has reached a major milestone with its 2,000th order for a two-stroke dual-fuel engine. COSCO Shipping Lines marked the achievement by ordering 12 Everllence B&W 8G95ME-GI Mk. 10.5 main engines for a new series of 18,000 TEU container vessels. The vessels are under construction at Jiangnan Shipyard in China. Each engine features EcoEGR technology, which reduces emissions and improves f
Drewry WCI drops 7% amid falling spot rates The Drewry World Container Index (WCI) fell 7% this week to $1,959 per 40ft container, marking the fourth consecutive weekly decline. Spot rates from Shanghai to major US ports dropped sharply. Rates to Los Angeles fell 8% to $2,239, while shipments to New York declined 5% to $2,819. The usual pre-Lunar New Year cargo surge failed to materialise, weakening demand. Carriers have responded by annou
Why the world must learn to live with Chinese maritime dominance? With 60% of global shipbuilding orders and control of strategic ports worldwide, China has crossed the irreversibility threshold and the West is only now realizing prevention was the answer
Georgia Ports welcomes US-India trade agreement The Georgia Ports Authority welcomed the announcement of a new trade agreement between the US and India, opening the way for increased business between the two countries. GPA President and CEO Griff Lynch, stated that GPA has long thought India will be the key to the future success with the market proximity the US East Coast gateway port offers. Georgia Ports handled 22% of India's containerized
CN Index signals high pressure in global container shipping The CN meta Index is a composite measure that captures the overall pressure on global container shipping, combining market conditions, capacity dynamics, and geopolitical or operational risks into a single, easy-to-understand score. It reflects how challenging, risky, or costly it is to move containers worldwide at any given time. The CN Index reached 586 this week, placing global container shipp
Kuehne+Nagel opens new Container Freight Station in Mumbai Kuehne+Nagel has opened a new 3,500 sqm Container Freight Station (CFS) in Mumbai. The facility strengthens the company's Sea Logistics operations in India and supports the country's growing trade volumes. The new CFS is located near Jawaharlal Nehru Port Authority (JNPA), India's largest seaport. The location offers direct access to a major maritime gateway and enables faster cargo handling and
MSC launches new direct service linking Bilbao with South America and the Americas MSC Spain has launched an expanded transatlantic service connecting the Port of Bilbao with key markets in the Caribbean, Central America, and the west coast of South America. The company presented the new service to customers at an event held at the Bilbao Port Authority. The upgraded NWC-USA-SAWC service made its first call in Bilbao on 19 December with the arrival of MSC Carole. The route off
Contships reports financial results Contships Logistics Corp. has reported its unaudited financial and operating results for the fourth quarter and full year ended December 31, 2025, highlighting an extensive fleet renewal program, high operational utilization, and a strong liquidity position. Fleet renewal and portfolio reshaping During 2025, the group completed the acquisition of five container vessels, including two vessels of 2
Yang Ming names first two 15,500 TEU LNG dual-fuel vessels Yang Ming Marine Transport Corp. has held naming ceremonies for its first two 15,500 TEU class LNG dual-fuel containerships, YM Willpower and YM Worthiness, marking a key milestone in the company's fleet renewal and decarbonisation programme. The ceremonies took place on 4 February at HD Hyundai Heavy Industries' shipyard in Ulsan, where the vessels were constructed. Mrs. Yu-Fen Li, spouse of Tai
Asia's shipyards navigate perfect storm of geopolitics and technology Digital transformation collides with geopolitical fragmentation as region's maritime manufacturers face fundamental restructuring by 2026
AD Ports Group to manage Aqaba multipurpose port in 30-year agreement AD Ports Group has signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage and operate the Aqaba Multipurpose Port in Jordan. The port is the country's only general cargo and multipurpose seaport. Aqaba MP Port The agreement creates a joint venture with AD Ports Group holding 70% and ADC 30%. AD Ports Group will invest AED 141 million (USD 38.4 million) and bring
Why India is betting on container shipping line? India has formally launched Bharat Container Shipping Line in a calculated wager that current maritime disruptions represent once-per-generation opportunity to break free from transshipment hub dependence and emerge as autonomous Indian Ocean shipping power by 2047
Puerto Aguadulce aquires new equipment Sociedad Puerto Industrial de Aguadulce of ICTSI and PSA International, has taken delivery of two super post-Panamax quay cranes and three hybrid rubber-tired gantry cranes, further enhancing Puerto Aguadulce's ability to serve larger vessels and support growing cargo flows through Colombia's Pacific gateway. The quay cranes, manufactured by Shanghai Zhenhua Heavy Industries, are the largest in t
Red Sea Gateway Terminal appoints new Group CEO Red Sea Gateway Terminal (RSGT) has appointed Lars Vang Christensen as Group Chief Executive Officer, effective 1 March 2026. He succeeds Jens O. Floe, who has led the company since 2016. Floe will continue his career as a Non-Executive Director and remain active in board roles representing RSGT shareholders. Christensen brings more than 30 years of global leadership experience across the maritim
Hydrogen network in the North Sea Canal area has been completed The detailed design for the hydrogen network being developed by HyNetwork in the North Sea Canal Area has been completed, covering both a new hydrogen pipeline and an existing natural gas pipeline that will be converted. This marks an important milestone in the technical development of the network. HyNetwork now knows to the millimeter where the pipelines will be located and how they will be inst
Rio Tinto and Glencore walk away from revived mega-merger talks Rio Tinto and Glencore have called time on renewed merger talks, abandoning plans for a deal that would have reshaped the global mining sector. The companies confirmed on Thursday that discussions had ended without agreement, scrapping a proposed tie-up that could have created the world's largest mining group, with a market value well north of ...
Embiricos fixes 2010-built VLCC at $147,135 a day A 2010-built VLCC has been fixed out at a striking $147,135 per day. The scrubber-fitted Kalamos, built at Shanghai Waigaoqiao, has reportedly been taken on at the bumper rate while currently positioned off India's west coast. The vessel is listed as operated by Embiricos, with IOC named as the charterer. The fixture comes amid continued ...
Panama's port purge draws China's ire The diplomatic spat between China and Panama is worsening over the Central American nation's decision last week to strip Hong Kong's CK Hutchison of its rights to operate two ports. Panama's president, José Raúl Mulino, declared the government will never again award the Balboa and Cristobal port concessions to a single company after the Supreme ...
VLCC ordering spree pulls Mercuria back to Chinese yards Mercuria is lining up its next move in shipbuilding, with industry sources pointing to a potential order for very large crude carriers (VLCCs) in China. Market sources have the Swiss commodity trading group and shipowner wrapping talks with CSSC's Dalian Shipbuilding Industry Corp (DSIC) for up to four 306,000 dwt tankers. The deal covers two ...
Fos-Lyon inland link gets electric barge boost from CMA CGM CMA CGM is moving ahead with plans to strengthen inland container flows on the Mediterranean-Rhône-Saône corridor, announcing an electric and hybrid river barge project alongside a €40m modernisation of the Lyon Rhône terminal. The French shipping group said the electric barge, planned for deployment on the Fos-Lyon axis, could be in service within two years ...
Government reshuffle aims to turn PT PAL into Indonesia's shipbuilding engine Indonesia is revamping its state-owned shipbuilding sector, bringing it all under one roof, while tapping state-run lines to order domestically. PT PAL Indonesia, the nation's top state-owned shipbuilder, will become a holding company for all government-owned shipyards under the plans unveiled yesterday. The policy aims to bolster domestic shipbuilding and boost efficiency by consolidating procur
Keyfield orders anchor handler from Chinese shipbuilder Malaysian offshore vessel owner Keyfield International has ordered a new anchor handling tug supply (AHTS) vessel from China's Jiangsu Shunhong Marine Technology. The shipbuilding contract, worth RM70.7m ($18m), was signed through Keyfield's subsidiary, Keyfield Resolute, on Wednesday. The contract entails the construction of a new diesel-electric DP2 AHTS. It will be used to handle anchors ...
Worley secures dual wins across offshore hydrogen and US LNG Australian offshore engineering company Worley has secured two energy transition contracts, spanning Europe's offshore hydrogen ambitions and US LNG expansion. The engineering firm will support AquaDuctus, the GW-scale offshore hydrogen pipeline anchoring the AquaVentus initiative in Germany's North Sea. Recognised as an IPCEI, the project enables open-access transport of green hydrogen from offs
Splash Wrap: Ports in a storm The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison's long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New Delhi to a halt in Russian ...
Google secures clean power from EnBW's offshore wind farm German energy utility giant EnBW and US technology giant Google have entered into a long-term power purchase agreement for the supply of 100MW of clean electricity from the He Dreiht offshore wind farm over a period of 15 years. Google aims to operate its global operations on carbon-free energy by 2030, meaning that every hour ...
Captain jailed for six years after North Sea collision that killed tanker crewman A London court has sentenced Russian captain Vladimir Motin to six years' imprisonment after finding him guilty of manslaughter by gross negligence over the March 2025 collision between the containership Solong and the anchored tanker Stena Immaculate off the Yorkshire coast. The crash ripped a huge hole in the tanker, ignited a jet-fuel inferno and ...
Are index-based shipping contracts a trap for BCOs? Dr Raymon Krishnan, president of Singapore's Logistics & Supply Chain Management Society, ponders the risks of index-based freight contracts. For many beneficial cargo owners (BCOs), index-based freight contracts are increasingly positioned as the modern, data-driven answer to volatile shipping markets. On paper, they promise transparency, fairness, and alignment with prevailing market conditions
US presses on with Iran sanctions amid ongoing talks in Oman The US State Department announced fresh sanctions on Iran on Friday just hours after talks between Washington and Tehran held...
False flag Baltic transits almost quadruple throughout 2025 The Nordic Baltic 8++ group of countries promised to take action against falsely flagged vessels in June 2025, but the...
No shortage of targets for French interdiction in the Mediterranean Should France want to follow up the seizure of stateless shadow fleet tanker Grinch with more interdictions, it will have...
Malaysia's shadow fleet transfer hub persists despite seizure scrutiny Malaysia's seizure and rapid release of two sanctioned tankers this week looks less like a shift in enforcement posture and...
EU confirms maritime services ban for Russian crude The proposed ban, if endorsed by member states, means EU companies cannot provide finance, insurance or technical assistance for vessels...
NorthStandard confirms firm P&I renewal round Biggest UK-based marine mutual 'not going soft' with focus on improving combined ratio
China gathers Panama flag data amid escalating rhetoric over port ruling The Panama flag registry could become collateral damage as Beijing retaliates over the port concession ruling
Container shipping preparing for old ships shake out After nearly five years of minimal scrapping, vessel recycling is set to re-emerge as a central theme from the second...
Dorian eyes strong market this year as LPG exports hit new record US-listed operator of 27 VLGCs is completing upgrade of fleet with energy-saving devices
Rio Tinto no longer considering Glencore bid A merger would have created the world's biggest mining concern, which could have had a greater influence over dry bulk...
India-EU trade deal to favour some shipping sectors more than others The trade deal between the EU and India will not only foster stronger trade flows but also build resilience, as...
The Daily View: Carrots, sticks and zombies
Daily Briefing Maersk lays out scenarios for duration and severity of slump | Zombie' net zero push is danger to IMO, not...
Maher's next buyer faces billions in upgrades, decisions on capacity The likely sale this year of the Port of New York and New Jersey's largest marine terminal portends possible changes to how it will be operated in the long run.
Key inland rail terminals battle post-storm congestion, driver complaints While linehaul performance has largely returned to normal for US Class I railroads, delays and bottlenecks triggered by the severe winter storm two weeks ago have now moved downstream to terminals in Chicago, Cincinnati and Memphis.
Australia's VICT extends terminal concession at Port of Melbourne to 2066 The subsidiary of Manila-headquartered International Container Terminal Services said the agreement extends the lease expiration from 2040 to 2066.
Shippers look inland to move swelling project cargo demand Inland water transport offers a lower-emission alternative routing for out-of-gauge cargoes, with cost-efficiency, lower energy consumption, and fewer accidents among other advantages.
Polish trade group hits out at 'unequal rules' for Chinese e-commerce platforms The digital trade body argues that online sellers outside the EU were able to scale rapidly by exploiting gaps in customs and regulatory enforcement that European businesses could not legally replicate.
Maersk to reorganize logistics segment as profit margins fall short again The move to split Logistics and Services into three product segments reflects the sensitivities around a division that underpins the carrier's integrated end-to-end strategy launched in 2017.
US sanctions 14 ships to crack down on Iran's energy exports after round of talks Latest round of blacklists targets nine tankers and five LPG carriers
Adnoc tanker ships India's first fuel cargo since EU ban on Russian oil refining LR2 tanker Liwa-V has discharged Reliance Industries jet barrels in Italy
EU to introduce full maritime services ban on Russian crude to replace price cap European Commission President Ursula von der Leyen says another 43 vessels will be sanctioned
Storage scam trial: Three men due in court in rare case involving multibillion-dollar industry Cyber criminal operations have targeted one of world's largest port areas for oil scams for 15 years
Wavelength podcast: The VLCC aggregator unnerving analysts, and sentencing the manslaughter master Plus, looking for Guiding Stars, and how to capture carbon
Years of Epstein-Sulayem exchanges range from advice on Mandelson letter to more private chats Sultan Ahmed bin Sulayem showed Epstein a letter for UK business secretary Peter Mandelson. Epstein responded with edits
EU to introduce full maritime services ban on Russian oil to replace price cap European Commission President Ursula von der Leyen says another 43 vessels will be sanctioned
Kongsberg Maritime plans to build closer ties with shipowners New company will continue to supply all major shipping and offshore segments
Shell calls on ship and cargo owners to get behind book and claim to promote clean fuel take-up System is growing as a tool to meet sustainability expectations
Hoegh Autoliners posts strong start with promise of better-than-forecast profit to follow January update shows company 'holding up better than our initial expectations', Fearnley says
Cleaves returns shipping fund to Norway to escape high costs Cost-conscious operation says tax conditions in its home country have begun to improve
Dorian LPG upbeat as 2026 brings 'unusual' good news Late 2025 uncertainty pushes activity into January and bolsters rates, company says
Drone attacks and outages force key Black Sea crude outlet to cut tanker loadings CPC terminal is now scheduled to ship Kazakh oil on only 31 ships in February
Bullish development: Braemar weighs tanker market boost if India shuns Russian crude London broker believes compliant-tanker demand will rise, but details are uncertain
NorthStandard Europe boss to champion diversity Steve Cockburn will run 40% of the P&I club's portfolio from Dublin headquarters
Cash-rich Contships 'discussing' fleet renewal after sales spree Fearnley Securities believes Greek owner will move in the market when attractive deals emerge
South Korean giant HMM extends newcastlemax safari with Greek deal Acquisition of Polembros Bulkers unit is part of a wider expansion campaign
Greek LNG importer hunts second FSRU and new pipeline for 'vertical corridor' Geopolitical project seeks to replace Russian gas in Eastern Europe
HPH Trust profit rises as Panama port row deepens geopolitical risk Resilient results, even as a Panama Canal ruling fuels legal and political risk for parent company
Greek shipowner Latsco reveals why it is not a 'first mover' on technology COO Antonis Georgantzis opens up about newbuilding strategy and decision to order largely conventional tonnage
Dorian LPG downgraded as DNB sees VLGC deliveries weighing on rates Expensive stock implies high VLGC valuation
Sanctions-probed insurer dropped from Dubai port's list of approved P&I clubs Announcement comes four months after New Zealand police raided company's offices
Iran seizes two tankers in ongoing smuggling crackdown Naval commander says 15 crew members are in custody after latest operation
Will tanker ship Venezuelan fuel to Cuba with US blessing? Cuban government has said it is willing to enter talks with US
Tamai Steamship lifts outlook and resets payout floor after earnings swing Japanese owner upgrades forecasts and pledges steadier shareholder returns despite weaker nine-month profits
Japan's Kuribayashi Steamship profit jumps as assets gain value Coastal operator books sharp profit rise as shipping margins narrow
Adnoc L&S pounces on offshore vessels from US, Qatar and Singapore owners Abu Dhabi owner adds PSVs and anchor-handling units to growing fleet
Mercuria eyes VLCC newbuildings worth close to $500m in China Swiss trader is said to be finalising an order for up to four vessels at Dalian Shipbuilding
Fleet Management expands board with five executive promotions Ship manager also elevates three executives to product director roles
Kongsberg Maritime profit rises ahead of spin-off and Oslo listing Shipping aftermarket services boosts order backlog
Increased Amazon flight activity boosts Sun Country cargo revenue Sun Country Airlines on Thursday reported record cargo revenue of $48 million for the fourth quarter primarily driven by the addition of eight freighter aircraft last year under its transportation service agreement with Amazon. Cargo has become an increasingly important prong in the Minneapolis-based carrier's diversified business model - it is best known for passenger service to leisure destinat
EXCLUSIVE: BlackRock could bid for largest New York container terminal In a case of terminal superlatives, the world's largest asset manager could back a bid by the world's biggest container line to buy the busiest container terminal at the top U.S. East Coast port. BlackRock, the New York-based investment manager, could partner with Mediterranean Shipping Co. to purchase Maher Terminals, which handles more than a third of all box traffic moving through the Port of
How St. Christopher Fund supports drivers beyond emergencies and its record-breaking support from TravelCenters of America TravelCenters of America's (TA) most recent charity golf tournament did more than set a fundraising record. It showed that industry support for driver health and hardship relief is not only growing, but becoming more intentional. The tournament raised more than $100,000 for the St. Christopher Truckers Relief Fund , the largest single-year contribution since the partnership between TA and SCF beg
Shares of Hub Group tank on accounting error Shares of Hub Group were off 19% in midday trading on Friday after the company flagged a $77 million understatement in purchased transportation expenses. It said the accounting error occurred in the first three quarters of 2025 and that its financial statements are under review. It has delayed fourth-quarter and full-year reporting until the matter can be resolved. "Based on its analysis to date,
Arrive Logistics trims Toronto headcount as it retools Canadian operations Arrive Logistics has laid off five employees from its Toronto office as it reconfigures how the brokerage supports customers and carriers in Canada. Evan Pundyk, the company's vice president of marketing, told FreightWaves the staffing reduction followed a review of Arrive's broader strategy and represents "a very small portion" of the company's workforce of more than 2,000 employees. "Following
Another tough quarter so RXO emphasizes its AI tools, spot market growth With a fourth quarter earnings report and subsequent call with analysts that was as negative as anticipated, RXO took the approach in its public-facing actions that it would seek to highlight what is getting better. In its prepared released disclosed late Thursday, in an interview with FreightWaves and on its quarterly conference call, RXO (NYSE: RXO) management tried to shift the focus away from
FMCSA taking comments on industry-wide ELD exemption WASHINGTON - The Federal Motor Carrier Safety Administration is opening the floor for public comment on an exemption request which, if approved, would fundamentally change how truck drivers track their time behind the wheel. The Federation of Professional Truckers (FOPT) is seeking a broad exemption from current electronic logging device (ELD) requirements, arguing that professional drivers shoul
Werner Enterprises restructuring one-way fleet Werner Enterprises announced it is restructuring its one-way truckload business in an effort to improve fleet utilization and return the unit to profitability. The changes are expected to be completed in the first quarter, but impacts on financial results may not be noticeable until the second quarter. The announcement was made in conjunction with the carrier's fourth-quarter report released Thur
Georgia-based carrier with 128 drivers files for Chapter 11 bankruptcy Robert Bearden Trucking, a Southeast regional trucking carrier, has filed for Chapter 11 bankruptcy protection, according to court records. The Cairo, Georgia-based company filed its voluntary petition on Jan. 26 in the U.S. Bankruptcy Court for the Middle District of Tennessee, listing between 1 and 49 creditors. The debtor estimated both assets and liabilities in the range of $0 to $50,000 and
Feds went on-terminal for Indiana's chameleon carrier crash-what happens next? U.S. Transportation Secretary Sean Duffy confirmed that Federal Motor Carrier Safety Administration investigators were on-terminal at Sam Express yesterday, the Illinois-based carrier at the center of a sprawling chameleon carrier network I've been investigating for months, one linked to a crash in Jay County, Indiana, that killed four Amish men last year. That's where the easy part of this story
REAL-ID, Mail-Order CDLs, and America's CDL Free-for-All. Somewhere between a Philadelphia apartment and a flea market in South Texas, between a wire transfer to a Mexican fixer and a California DMV counter that doesn't blink at a birth certificate listing "No Name Given," the American commercial driver's license system broke. Not bent. Not stressed. Broke. It is so broken that a 2025 federal audit found that one in four non-domiciled CDLs issued by Cal
FMC fines MSC millions for Shipping Act violations The Federal Maritime Commission said it has fined Mediterranean Shipping Company $22.67 million for three types of Shipping Act violations. The decision followed an enforcement proceeding for three types of Shipping Act violations by the Swiss-based carrier. The Commission's Bureau of Enforcement, Investigations, and Compliance (BEIC), through its Offices of Investigation and Enforcement, investi
USPS quarterly parcel volumes fall 12% as e-commerce plan implemented The continued decline in mail and parcel volume contributed to a 64% drop in controllable income for the U.S. Postal Service during the first quarter, underscoring why Postmaster General David Steiner is pushing to grow revenue through higher rates and a new program aimed at attracting retailers to handoff e-commerce shipments for last-mile delivery. More than 1,200 companies have shown interest
When drivers say no: Truckers speak out about unsafe working conditions Truck drivers across the U.S. say they are increasingly pressured to operate equipment they believe is unsafe - from dilapidated trailers, to overloaded tankers and malfunctioning braking systems - and some say speaking up can cost them their jobs. Two former truck drivers interviewed by FreightWaves, who requested anonymity due to fear of retaliation, described what they say were repeated attemp
Truck Parking Club hits 4,000 locations, targets 10,000 by year-end Truck Parking Club, the digital marketplace connecting commercial drivers with private parking spaces, announced it has reached 4,000 Property Member locations across 49 states, with plans to more than double that figure to 10,000 locations by the end of 2026. The Chattanooga, Tenn.-based company added 1,000 locations in just three months and now offers over 66,000 instantly reservable truck park
Freight market tightens in Q4 despite subdued volumes, U.S. Bank data shows U.S. Bank released its Freight Payment Index on Tuesday , showing that the fourth-quarter freight market saw a slight increase in shipment levels while capacity continued to contract. The capacity contraction pushed shipper spending to its highest level since early 2024, even as freight volumes remained historically low. For shippers accustomed to a buyer's market, the data suggests the window ma
First look: Tough market for brokers evident in RXO 4Q earnings RXO management in its third quarter earnings call, several weeks after the fourth quarter already had begun, said things were not going the way the brokerage would have desired. Several key numbers in RXO's fourth quarter earnings released Friday morning backed that up. Various numbers showed just how tough the quarter was for RXO, the latest data in line with challenging results reported by stan
Amazon posts Q4 gains from fulfillment orders and faster last-mile delivery Amazon beat reported mixed financial results in the fourth quarter on Thursday, with revenue surpassing Wall Street estimates, while earnings slightly missed projections During Amazon's earnings call, CEO Andy Jassy touted the e-commerce segment's ability to deliver more essentials to more customers as key growth drivers during the fourth quarter. "For the third year in a row, globally, in 2025,
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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