VIDEO: Seasats and Neros partner to put strike drones on USV Autonomous surface vessel specialist Seasats and California-based attack drone manufacturer Neros Technologies have announced a partnership that will put Neros' Archer 10" Strike and Archer AI FPV drones aboard Seasats Quickfish unmanned
Marine Group Boat Works makes major upgrades at Cabo San Lucas Marine Group Boat Works (MGBW) which has facilities in Chula Vista, Calif., and Cabo San Lucas, Mexico, has announced significant upgrades and service enhancements at the Mexican facility that, it says reinforce
Bangladesh back at Metal Shark for more 38 Defiants Louisiana-based boat builder Metal Shark has received orders to construct additional 38 Defiant patrol boats for Bangladesh, continuing a longstanding relationship that dates back to 2011. Strategically positioned along the Bay of
Artemis Technologies unveils new 50-passenger EF-15 Escape Last week, Belfast, Northern Ireland-headquartered Artemis Technologies made our headlines with the news of the first U.S. sale of its EF-12 foiling pilot boat. Now the company has unveiled the next-generation Artemis
Hornbeck Offshore reports third quarter results Hornbeck Offshore Services, Inc. (NYSE: HOS) last week reported its results for the third quarter ended September 30, 2026. Highlights were: The company: completed its merger with Helix Energy Solutions Group Inc.
Mitsui E&S raises profit outlook as port equipment earnings improve Mitsui E&S has raised its full-year earnings forecast following stronger performance in its logistics systems and industrial businesses during the first half of fiscal 2026. The Japanese engineering group reported net sales of ¥175 billion ($1.15 billion) for the six months ended 30 September 2026, an increase of 5.7% year on year. Operating income rose 4.8% to ¥20.7 billion, while new orders inc
Valenciaport and Shanghai port reinforce their strategic connection Valenciaport and Shanghai International Port Group held a joint presentation for their clients at the Shanghai Tower, aimed at showing the business opportunities between the two ports and strengthening cooperation on green corridors. The event was chaired by Mar Chao, President of Valenciaport, and Sam Liu, Vice President of SIPG, and was joined by Guoqiang Shi, CEO of CSP Spain. China is Valenci
Maersk introduces Nicaragua customs transit surcharge Maersk has introduced an Internal Customs Transit Surcharge for Store Door shipments moving through ports in Nicaragua. The surcharge applies from 9 November 2026 and is set at US$75 per container. It will be added automatically to Maersk quotations for Store Door cargo requiring an internal customs transit declaration, known as DUCA-T. Maersk said the charge covers the use of specialised customs
C.H. Robinson warns of persistent port and drayage constraints U.S. container ports continue to face inland transportation challenges despite signs of moderating import demand, according to C.H. Robinson's November 2026 Edge Report. The logistics company highlights pressure on rail connections, chassis availability and terminal access. These constraints continue to affect container deliveries, even where vessel operations are running relatively smoothly. In
Bureau Veritas upgrades VeriSTAR Green emissions platform Bureau Veritas Marine & Offshore has launched an upgraded version of its VeriSTAR Green platform. The new version helps shipping companies manage emissions data, meet environmental regulations and monitor fleet performance. The platform brings reporting and compliance tools into one digital system. Shipowners, operators, managers and charterers can use it to collect information and assess their e
DHL Express signs SAF supply agreement with TotalEnergies at Paris CDG DHL Express has signed a sustainable aviation fuel (SAF) supply agreement with TotalEnergies for its air cargo operations at Paris Charles de Gaulle Airport. The renewable one-year agreement covers 5 million litres of SAF. It also marks the first use of the alternative fuel by DHL Express in France. The company announced that its first aircraft using SAF departed from Paris Charles de Gaulle on 9
The G7's answer to China's automated maritime system A new G7-backed network linking major seaports is officially aimed at drug trafficking. In practice, it is the first Western move in a contest over who controls the data of global trade
Boluda Shipping signs agreement for Matrans Terminal in Rotterdam Boluda Shipping has signed an agreement to acquire Matrans Terminal in Rotterdam, strengthening its planned expansion into Northern Europe. The agreement was signed on 3 November 2026 and covers the multipurpose terminal in Eemhaven, an important hub for European short-sea shipping. The transaction follows Boluda Shipping's recent agreement to acquire Samskip . Both acquisitions remain subject to
Iran claims two oil tankers are burning in Strait of Hormuz Iran's Islamic Revolutionary Guard Corps (IRGC) said on Tuesday, 10 November, that two oil tankers had caught fire following explosions while attempting to transit the Strait of Hormuz through routes not authorised by Tehran. According to a statement carried by Iranian news agency Tasnim , one of the vessels, described as a supertanker, allegedly struck a naval mine, triggering an explosion and s
Go Shipping receives GDP affirmation for pharmaceutical logistics Go Shipping has received an affirmation from TÜV AUSTRIA HELLAS covering its freight-forwarding procedures for pharmaceutical products. The assessment confirms that the company implements Good Distribution Practice for medicines intended for human use, in accordance with European guideline 2013/C 343/01. Its scope is limited to the freight forwarding of pharmaceutical products. Procedures assesse
Suez return could limit November freight rate increases, Sogese warns Container shipping lines may struggle to secure the full freight rate increases announced for November as more vessel capacity returns to the Asia-Europe trade through the Suez Canal, according to a new market report from Italian logistics company Sogese. In its November 2026 Europe Container Market Update, Sogese highlights the growing gap between carriers' announced rates and current market as
Iceland appeals court upholds dismissal of Alcoa claim against Eimskip and Samskip Iceland's Court of Appeal has upheld the dismissal of Alcoa Fjarðaál's second tort case against Eimskip, Samskip and their related companies. The ruling confirms the earlier decision of the Reykjavík District Court, which dismissed the case in June 2026. The proceedings involved Eimskipafélag Íslands, Eimskip ísland, Samskip and Samskip Holding. Alcoa filed the second case in December 2025, seeki
Asia-Mediterranean freight pricing: The costs beyond headline rates Asia Mediterranean freight rates are entering a new adjustment period in November, with higher published tariffs and renewed surcharges adding complexity to the cost calculations facing cargo owners and freight forwarders. Recent announcements from MSC and Maersk point to different approaches. MSC has raised its published Freight All Kinds (FAK) rates for the second half of November while extendi
Merchant Marine Salary by Rank: What 2,019 Jobs Pay (2026) Seafarer wages are usually discussed through two lenses: the ILO minimum for able seafarers and the collective agreements that sit above it. What ship operators and crewing agencies actually advertise gets far less attention, even though a large share of maritime job listings state the wage in the advert itself. On 6 November 2026, GP Solution , one of the leading job platforms for the maritime a
Hapag-Lloyd raises North Europe-South Asia tariff rates Hapag-Lloyd will increase its ocean tariff rates from North Europe to South-East India, Sri Lanka and Bangladesh. The revised rates will apply to sailings beginning on 1 December 2026 and remain valid until further notice. The increase covers dry containers moving to Ennore, Chittagong and Colombo. New rates for 20-foot containers Hapag-Lloyd will raise the base rate for 20-foot dry containers by
ONE expands Levant presence with new shipping agent in Syria Ocean Network Express (ONE) has appointed Seanautics Maritime Services LLC as its official shipping agent in Syria. The move strengthens the carrier's presence in the Levant region and expands its existing cooperation with Seanautics in Lebanon. Operations are scheduled to begin in January 2027. Seanautics will support ONE's customers through its offices in Damascus and Latakia, providing local a
Global Ship Lease reports higher Q3 profit as charter backlog reaches $3.4 billion Global Ship Lease (GSL) reported higher revenue and earnings for the third quarter of 2026, supported by stronger charter rates and continued demand for containership capacity. The company recorded operating revenue of $201.4 million, up 4.5% from $192.7 million in the same period of 2025. Net income available to common shareholders increased to $99.2 million from $92.6 million, while earnings pe
Get your data in order and set a course for greener shipping There is cause for optimism in the shipping sector, and we are seeing more and more initiatives aimed at making shipping greener. Shipowners are now far more willing to reduce emissions from ships than they were just a few years ago. That said, we must also acknowledge that the shipping industry has a data problem, which means shipowners are not getting the insights needed to accelerate the green
Container freight rates weaken as WCI and FBX extend declines Global container freight rates remained under pressure in the latest weekly assessments, with Drewry's World Container Index (WCI) and the Freightos Baltic Index (FBX) recording further declines, while Chinese freight benchmarks and individual trade lanes showed contrasting movements. Drewry's WCI decreased 1% to US$4,389 per 40-foot container, while the FBX Global Container Freight Index fell 2%
Explainer: The role of insurers in the Black Sea In the Gulf, war-risk premiums priced ships off the route. In the Black Sea, owners are starting to refuse the route altogether
Why Hormuz's winners sit outside the Gulf As escalation hardens new trade corridors, Indian Ocean relay hubs, not Gulf states, are capturing the structural gains
MSM: Shipmanagement's next advantage will be trust not size Consolidation is reshaping shipmanagement, but Faouzi Fradi, chief executive of MSM, does not believe getting bigger has to mean becoming more distant from owners, vessels or seafarers. MSM, formerly known as Maryam Shipmanagement, recently rebranded as part of a broader shift from a predominantly group-focused shipmanager towards an international third-party management platform, while also movin
Rubico targets five-ship MR fleet with latest Top Ships newbuild swoop Nasdaq-listed Rubico has struck a deal to take another two MR tanker newbuildings from Top Ships in a $14.5m deal, continuing the reshuffle of Evangelos Pistiolis-linked tanker orders in China. The Athens-based owner is buying two special-purpose companies holding shipbuilding contracts for 47,499 dwt product and chemical tankers at Guangzhou Shipyard International (GSI). The vessels ...
Shipping heavyweights back Cetus $175m Oslo listing Hong Kong-based dry bulk owner Cetus Maritime has lined up some of shipping's biggest investment names for a $175m private placement ahead of its planned Oslo listing later this month. An investment vehicle linked to Idan Ofer's Eastern Pacific Shipping, Arne Blystad's Songa Capital and the Albemarle Shipping Fund, co-founded by Magnus Halvorsen, are among ...
UK offshore supply chain looks overseas for growth The UK's offshore energy supply chain is increasingly looking overseas for new business as uncertainty surrounding domestic projects threatens investment, jobs and specialist engineering capacity, according to a new industry report. Offshore Energies UK (OEUK) found that just 35% of 60 companies surveyed were confident about their UK business prospects over the next 12 months. ...
Asyad and MOL sell ageing LR2 for $63m Oman's Asyad Shipping and Japanese shipping giant Mitsui OSK Lines (MOL) have agreed to sell their jointly owned LR2 product tanker, extending the Omani owner's campaign to cash in on ageing tonnage. The Muscat-listed company disclosed that the 2009-built Haima, held through a 50:50 joint venture with MOL, has been sold for OMR24.3m ($63.2m). The ...
Energean taps Njord Survey for North Sea decom work Swedish marine survey specialist Njord Survey has secured a contract from Energean to undertake post-decommissioning seabed surveys at three gas fields in the southern North Sea. The contract covers Wenlock, Garrow, and Kilmar, where survey work will assess the seabed following the removal of platforms and associated subsea infrastructure. Njord will carry out geophysical and ...
MSC's car carrier arm adds four newbuilds in China MSC-controlled Global Car Carriers (GCC) has expanded its newbuilding programme to 26 LNG dual-fuel car carriers, adding four more 8,600 ceu vessels at Chinese yards as the Oslo-based owner presses ahead with one of the sector's largest fleet renewal drives. The former Gram Car Carriers has listed two additional ships at Zhoushan Changhong International Shipyard, ...
Pangaea chairman Richard du Moulin calls time after 12 years Pangaea Logistics Solutions chairman Richard du Moulin is retiring at the end of the year, bringing to a close more than a decade on the board of the Nasdaq-listed dry bulk shipping and logistics group. The Newport-based company disclosed in a regulatory filing that du Moulin had notified the board of his decision to retire, ...
New UCL tool flags food security risks from shipping emissions rules The International Maritime Organization's proposed shipping decarbonisation measures could disproportionately increase the transport costs of essential food imports, particularly for countries dependent on shipments of bulk cereals, according to new research from University College London (UCL). Researchers at UCL's Shipping and Oceans Research Group have launched an online tool examining how dif
Pelagic Credit makes crude tanker debut with $30m suezmax deal Oslo-listed Pelagic Credit has made its first move into the crude tanker sector, committing $30m in mezzanine financing for two suezmax vessels backed by charter employment with a Geneva-based commodities trading group. The Limassol-headquartered shipping investment company has agreed to provide an 18-month loan facility, which is expected to generate approximately $3m in distributable earnings ...
China Energy Engineering wins offshore wind EPC contract China Energy Engineering's Guangdong Electric Power Design Institute has won an engineering, procurement, and construction (EPC) contract to deliver offshore electrical infrastructure for two wind farms totalling 800MW off China's Guangdong province. The award, confirmed by National Energy Group, covers the Jiangmen Chuandao I and II offshore wind developments, each with a planned capacity of ...
Maersk boxship knocks down crane at Yantian A Maersk-operated containership has brought down a ship-to-shore crane at China's Yantian port after striking the structure while berthing. The incident involved the 366-m-long, 15,516 teu Maersk Cincinnati, which hit the crane at berth 12 of the Shenzhen terminal at around noon local time on November 9. Images and videos shared across Chinese social media ...
DHT doubles down at Hanwha with fresh VLCC order New York-listed tanker owner DHT Holdings has returned to South Korea's Hanwha Ocean for another VLCC, adding a second vessel to its current newbuilding programme. The Svein Moxnes Harfjeld-led company disclosed in its third-quarter results that it had signed an agreement with Hanwha in November for a new supertanker scheduled for delivery in April 2029.No ...
Cable tender dispute lands Reach Subsea in court Norwegian subsea services player Reach Subsea is facing a compensation claim of up to NOK158.5m ($16m), plus interest, from state-owned electricity transmission operator Statnett following a dispute over a cable installation tender. The Haugesund-based company disclosed that one of its wholly owned subsidiaries had received a statement of claim from Statnett concerning a tender process ...
Odfjell Drilling seals $518m semisub deal Norwegian offshore rig owner Odfjell Drilling has formally signed a three-year contract with Vår Energi for its harsh-environment semisubmersible Deepsea Bergen, worth an estimated $518m. The agreement follows a letter of award announced in September this year and will see the rig begin work for the Norwegian operator in early 2028, after completing its existing ...
G7 launches 14-port alliance to tackle global drug trafficking Fourteen major ports are joining forces in a new G7-backed initiative aimed at combating drug trafficking through international shipping networks, with artificial intelligence and closer intelligence sharing central to the programme. The G7+ Ports Network was formally launched yesterday in Marseille, bringing together the world's leading industrialised economies alongside Brazil and South Korea.
Fugro secures four-year extension with Heerema Dutch geo-data specialist Fugro has extended its global framework agreement with Heerema Marine Contractors for another four years, continuing a partnership covering offshore installation, construction, and decommissioning projects. The renewed deal will run from January 2027 until December 2030 and covers survey and positioning services across Heerema's fleet of heavy-lift construction vessels.
Seagems PLSV lined up for Petrobras work from 2028 Paratus Energy Services has confirmed that Petrobras has accepted a bid from its Seagems joint venture for the pipelay support vessel (PLSV) Jade, bringing the vessel closer to securing employment in Brazil from 2028. The development follows the publication of the final results of Petrobras' latest PLSV tender, which was launched earlier this year to ...
The dirty secret of shipping's clean hull ambitions Hull fouling drives up fuel bills and emissions, yet ports increasingly restrict the very cleaning operations needed to tackle it. The missing piece is a global network of places where ships can safely get cleaned. Alex Byelyavtsev explains. A dirty hull burns more fuel. Cleaning reduces resistance and emissions. Cleaning can also release organisms, coating ...
Poseidon Principles broadens industry engagement with new council The Poseidon Principles has assembled an advisory council drawn from across the shipping industry, appointing Watson Farley & Williams managing partner Lindsey Keeble as its chair. The 16-member council includes Navios boss Angeliki Frangou, Seaspan chairman Bing Chen, Pacific Basin CEO Martin Fruergaard, Höegh Autoliners chief Andreas Enger and GasLog CFO Achilleas Tasioulas. Other prominent ...
South Korea clears Sinar Mas takeover of Hyundai LNG Shipping South Korea has given conditional approval for the sale of Hyundai LNG Shipping to Indonesia's Sinar Mas Group, removing the final regulatory hurdle in a deal that has been held up for months by national energy security concerns. The Ministry of Trade, Industry and Energy has completed a foreign investment security review, approving the transaction ...
Best Oasis becomes second cash buyer to secure US sanctions clearance Dubai-based ship recycling cash buyer Best Oasis has secured authorisation from the US Treasury's Office of Foreign Assets Control (OFAC) to negotiate deals involving sanctioned vessels, becoming the second company after GMS to receive such approval. The development opens another potential route for removing ageing ships from the sanctioned fleet, which has expanded rapidly as ...
Mood turns more bearish even as VLCC owners reveal record 4Q26 rates DHT's spot rates have left previous records in the dust, and yet, its stock is down more than 20% over...
The Daily View: Does China's shipbuilding boom contain the seeds of shipping's next problem?
Arctic transits nearly double in October as Russia eyes 'maritime Trans-Siberian Railway' Momentum is building for Arctic shipping: traffic is up significantly and Russia has big plans to turn the specialist route...
Higher bulker rates push Safe Bulkers to strong profit US- and Greece-listed owner increases quarterly dividend
Ship recycling stays weak in October while sanctioned vessel disposals accelerate Sanctioned ships boosted October vessel beaching's but a significant recovery in ship recycling remains elusive
Adnoc vessel damaged after Middle East Gulf attack UAE state-oil company has seen at least 20 of its vessels attacked in the region since the conflict began
Two more P&I clubs confirm 2027 rate hike trend Brokers' predictions for next year's going rate confirmed
Quanzhou's empty docks and the shape of the next shipbuilding glut China is rapidly converting dormant shipyard assets into effective production capacity as record orderbooks strain the world's leading builders. That...
Container lines drive sharp Bab el Mandeb traffic rebound despite renewed Houthi escalation Mainline carriers are returning rapidly to the Red Sea despite renewed Houthi escalation, with containership transits up 35% in October...
Boxship ordering spree may be setting stage for 'few bad years' Sea-Intelligence argues carriers may be preparing to endure severe oversupply as they position their fleets for the competitive landscape beyond...
Newbuild tsunami to strain ports' mega-boxship capacity The swelling orderbook will test the delicate balance between port capabilities and newbuild orders
Daily Briefing China seeks more control over marine insurance, without withdrawing from the West | What future course of Hormuz shuttle trade...
NYSHEX to expand futures contract pricing reach with new funding The financing is meant to grow the NYSHEX Freight Index, which is used to price index-linked ocean freight contracts and four futures contracts that were launched in April on the Intercontinental Exchange.
Pre-Lunar New Year cargo surge could bring congestion, delays: Yang Ming Supply chains, particularly in Asia, are only just recovering from delays and port congestion caused in large part by severe storms in Asia between July and September.
Additional trucks at large US carriers boost Truckload Capacity Index While the Journal of Commerce TCI for the third quarter rose to its highest reading since Q4 2023, the increase doesn't reflect a broader trend in truck capacity.
Forwarders need to be brought into project cargo conversations earlier: shippers Original equipment manufacturers could better identify cargo risks and relay them sooner to customers if project forwarders are consulted before contracts are finalized, attendees at an industry conference were told.
Fast-growing order book looms over container shipping industry Opinions remain divided over whether the excess tonnage will drive a market downturn or be absorbed by widespread network disruption and capacity management strategies.
Safe Bulkers 'not in a hurry' to order new ships to replace ageing capesizes Bulker owner outlined how it plans to spend its $319m cash pile, after reporting best quarter in four years
Global coalition formed at COP31 to promote use of electricity in shipping Climate meeting to push green electrification as decarbonisation pathway
Venture Global brings forward start-up of its third LNG project Developer and shipowner expects to sign more long-term sales by New Year
Red Sea return could see container freight rates slump by 30% next year, warns analyst With questions over demand and more ships returning to Suez, how long can spot rates hold?
Idan Ofer, Arne Blystad and Magnus Halvorsen bet on Cetus Maritime Oslo listing Hong Kong-based bulker operator targets $175m share issue
Adnoc ship hit as Iran claims tanker strikes and denies peace talk progress Major Abu Dhabi-based owner has suffered multiple attacks in or near the Strait of Hormuz
US mulling fire sale of sanctioned VLCCs for Strait of Hormuz passage GMS boss Anil Sharma says detailed sales plans for four tankers lodged with US sanctions enforcement body
Sanctions on Iranian state tanker company reimposed by Canada after 10 years National Tanker Co is one of 11 entities blacklisted over nuclear programme concerns
Oldendorff-backed M&M Bank lifts loan book above $500m in 'competitive' market Norwegian niche lender continues to add to its portfolio
'We're not empire builders': GSL rejects growth for growth's sake Container ship owner focused on returns, not size, as brokers see 30% upside
UAE offers to sell Saudi crude from oil-spill tanker damaged in Iranian attack Tender documents seen by Reuters reveal 1.87m barrels up for grabs
Iran claims two fresh Hormuz tanker strikes and denies peace talk progress Western maritime security sources confirm at least one casualty
Tanker sale lifts Great Eastern profit as gas carriers fully booked Disposal of LR2 helps Indian owner
Cosco Shipping overtakes Dynacom to boast the world's largest VLCC orderbook Chinese state-owned company now has more large crude carriers on order than Greek outfit
Pelagic Credit 'turning a lot of deals down' in record markets Tobias Backer explains investment strategy as asset values stay high
Lauritzen Bulkers charters seven newbuildings with purchase options Danish investor also sells boxships owned with MPC
VLCC rates plunge from Brazil as Onassis tanker fixed by Petrobras Worldscale rate into China falls nearly 180 points from last-done level
J Lauritzen charters seven bulker newbuildings with purchase options Danish investor also sells boxships owned with MPC
Explosions, mines and Iranian speedboats: Gulf shipowners detail life running Hormuz gauntlet Senior official urges shipping companies to keep seafarers out of engine rooms to avoid human casualties in the Strait of Hormuz
DHT stock drop 'puzzles' analysts as profit hits record level Sell-off presents opportunity to buy, Clarksons and Fearnley believe
Yang Ming profit soars as it snaps up Singapore office property Taiwanese boxship and bulker player benefiting from better rates
Hanwha Shipping moves to fix its first LNG newbuildings to energy major Japanese owner's vessel also sublet to same charterer in weak rate environment
Oil spill shuts Gulf of Oman beach days after US attack on bulker Khor Fakkan closes stretch of coast
Bahri reveals Iranian militants in speedboats 'planting limpet mines on ships' Senior official urges shipping companies to keep seafarers out of engine rooms to avoid human casualties in the Strait of Hormuz
Remains of six seafarers found on tanker bombed in the Black Sea Bulgaria says crew members had been missing since attack last month
2020 Bulkers signs $146m loan deal to refinance AHTS fleet Facilities were arranged by syndicate of Norwegian and European banks
Inside the Hormuz tanker gauntlet: Bahri reveals Iranian militants in speedboats 'planting limpet mines on ships' Senior official urges shipping companies to keep seafarers out of engine rooms to avoid human casualties in the Strait of Hormuz
JIC Leasing-owned bulker returns to auction block after failed sale Kamsarmax is back on the market at a lower opening price
Best Oasis wins Ofac licence to negotiate deals for sanctioned ships Second cash buyer gets the nod to pursue blocked tonnage
Tidewater reports profit as revenue and gross margins top expectations Offshore vessel giant unveils 2027 revenue guidance
$1bn of bulkers: Jiangmen Nanyang makes it 42 new ship orders in six months Clarksons says Chinese yard has added 11 more ultramaxes and an open-hatch carrier
AI boom gives LNG a new lease of life, says MOL chief Japanese giant sees data centre power demand and energy security extending the role of gas as it expands beyond traditional shipowning
Khalid Hashim proud of Precious legacy of credibility as he steps aside Bulker executive explains time was right to hand over reins
1 in 6 supply chain professionals report AI-related data exposure, survey finds One in six supply chain, logistics, distribution and wholesale professionals said their company experienced an incident in the past year in which supplier or customer information was exposed through an artificial intelligence tool, according to a new industry survey. The findings come as businesses increasingly give AI systems access to sensitive commercial information, raising questions about ho
Inside Kuebix AI: A Shipper TMS Rebuilt Around Executable AI Most transportation management systems were built to answer a simple question: What's the cheapest way to move this order? What they've been slower to answer is whether that plan will actually work once a driver, a dock door and a delivery appointment enter the picture. Then add in multiple dock doors, several delivery appointments, hours of service regulations and more, and there is a lot of com
Uber Freight cuts 80 jobs while hiring nearly 300 in growth push Uber Freight is eliminating approximately 80 positions across several departments as part of an organizational restructuring, even as the logistics technology company continues hiring and expanding its managed transportation business. The workforce reductions, announced internally Tuesday, represent approximately 1.6% to 1.7% of Uber Freight's workforce and are aimed at simplifying operations, el
Diesel Price Drop: Why Oil Markets Are Tumbling Diesel prices are taking a dive, but don't get too comfortable. John Kingston breaks down the volatile oil market, highlighting massive price swings and the geopolitical chess game influencing global supply. From the Strait of Hormuz to damaged refining capacity, the factors keeping oil markets on edge are complex. Understand why analysts are divided on the market's future and what it means for y
AI saved air cargo? Rates up 30% YOY AI isn't just for chatbots-it's fueling a surprising boom in air cargo, preventing an anticipated recession. FreightWaves' Eric Kulisch breaks down how global disruptions and AI equipment demand are driving rates up 30% year-over-year and volumes up 6%. Plus, find out how drone delivery leaders like Wing and Zipline are expanding partnerships with Walmart, racing to scale ultra-fast logistics ahe
Tech Transformation: ShipStation Global's AI Overhauls Freight Operations The freight industry faces unprecedented challenges, from complex peak season demands to surging cargo theft. In this exclusive interview, ShipStation Global's Joel Clum and Nick Ciubotariu reveal how their innovative AI-powered platform is transforming logistics. Discover how specialized AI agents automate everything from quoting to booking, enhancing security, and empowering shippers to navigat
Trucking Market: Why Is It Flat Despite 12.8% Rejection? The latest SONAR data shows truckload rejections at 12.8%, double last year's rate, yet the market feels unexpectedly soft. We break down why the usual peak season momentum is missing and what that means for freight rates, volumes, and capacity as we head into Thanksgiving and year-end. Plus, a look at how a strong El Niño could disrupt refrigerated freight this winter. Truckload tender rejection
Rising Q3 transportation costs squeeze manufacturers, reward railroads and reshape trade Rising fuel prices and freight rates are putting pressure on corporate supply chains, but sharply with different consequences: Higher costs for automakers, a competitive opening for railroads and an unexpected advantage for some U.S. oil refiners. Comments from seven executives at Ford (NYSE: F ), Union Pacific (NYSE: UNP ), XPO (NYSE: XPO ) and Valero (NYSE: VLO ) during the latest third-quarter
Port of Long Beach, coalition aims for electricity to power 35% of shipping by 2035 The Port of Long Beach is among the ports highlighted in a maritime electrification proposal that calls for electricity to supply at least 35% of international shipping's final energy demand by 2035, placing shore-power infrastructure at the center of a broader effort to reduce fossil-fuel use. The "Maritime Electrification Breakthrough Goal," released today at a climate conference in Ankara, ide
Diesel market points down post-election; benchmark slides Oil markets have often reacted with strong downward moves whenever there has been a suggestion that all-out peace or at least an easing of Middle East tensions was at hand. That has never been more true than in the days since the Democratic victories on Election Day. And it has now shown up in the benchmark diesel price used for most fuel surcharges. The Department of Energy/Energy Information Ad
$760K fuel-card fraud scheme tied to impersonated Michigan trucking company Two Georgia men face federal charges in a $760,000 fuel-card fraud scheme involving a legitimate Michigan trucking company. Prosecutors accuse Mario Bailey and Zachary Walker of obtaining eight fuel cards through a fraudulent credit application. Fuel purchases spanned 23 states, contributing to an unpaid balance that included accrued interest. Federal court records identify Coyne Oil & Propane as
Kearney, MIT put US driverless truck cost parity at 2028 Kearney and the MIT Mobility Initiative project that autonomous trucks will match the per-mile cost of trucks with drivers in the US around 2028, according to a report released Nov. 5 . Their model puts a driverless truck at $4 a mile in 2026, against $2.50 for a conventional truck, with the two crossing at roughly $2.60 in 2028. The forecast adds a date to the cost case for long-haul fleets, whe
ACT Expo 2027 agenda leads with diesel and fleet costs ACT Expo opened registrations for next year's show with an agenda that leads with cutting fleets' fuel and operating costs, starting with diesel technology. ACT Expo will take place May 17-20 at the Las Vegas Convention Center. The cost-first pitch is new for a show whose 2026 event saw Rivian and Mack Trucks leaders on the keynote stage under a banner of digital and clean fleet technology. ACT E
Lineage sees cold storage inventories stabilize after capacity reductions Cold storage facility operator Lineage said customer inventories have stabilized, though some accounts are holding lower stock levels. The Novi, Michigan-based company said Tuesday on its third-quarter call that it continues to shutter underutilized facilities in efforts to tighten supply and reduce debt leverage. Lineage ( NASDAQ: LINE ) noted that it and Americold ( NYSE: COLD ), the top two op
ASICS warehouse drones quickly find misplaced inventory Sportswear company ASICS is recovering misplaced products nearly 60% faster at its Byhalia, Mississippi, distribution center since it began conducting nightly flights of high-risk storage areas with autonomous inventory drones. The drones, manufactured by Corvus Robotics, have increased counting frequency six-fold compared to the normal practice of counting inventory twice a year. The data collec
Where Trucking Capacity Sits Right Now, And What The Fleet-Size Split Might Be Signaling How much trucking capacity is on the road right now depends almost entirely on which carriers you are counting, because the national fleet is really several different markets stacked together, the owner-operators running a truck or two, the mid-sized fleets, and the largest carriers, and each of those groups is in a different place heading into year-end, which is why a single top-line number tend
Retailers forecast U.S. imports to stay elevated through 2026 after breakout peak season Import volumes at major U.S. container ports are expected to ease through the end of 2026 after September marked the busiest month of the year. That would cap an extended shipping peak driven by tariff changes and sustained consumer spending. Ports tracked by the National Retail Federation handled 2.37 million twenty-foot equivalent units, or TEUs, of loaded imports in September. That was an incr
Wing to invest $125M in drone manufacturing plant Wing, the drone delivery business of Alphabet ( NASDAQ: GOOG ), said it will invest $125 million to build a 15,000-square foot manufacturing facility in Fort Worth, Texas, over the next two years to meet growing interest from retailers in ultra-fast delivery. The company also plans to launch drone delivery in Japan, in partnership with KDDI Corp. New U.S. rules of the road, expected at any moment
SONAR launches MCP, bringing freight market intelligence inside your AI assistant SONAR's new MCP connector lets compatible AI assistants like Claude and Copilot answer freight market questions in plain language, drawing on SONAR data and tools for rates, capacity, lanes, carrier safety and more. SONAR has launched SONAR MCP, a connector that puts its freight market intelligence directly inside compatible AI assistants like Claude, Copilot and more. The rollout to SONAR custom
That RICO suit vs. Robinson, TQL? Jury selection starts in '28 As the two sides in the RICO case against brokerage giants C.H. Robinson (NASDAQ: CHRW) and TQL begin to make their case in legal filings, a sobering reality about the litigation is that jury selection is not likely for a mere 17 months. Last week brought a flurry of submissions in the case filed in the U.S. District Court for the Eastern District of Texas by a group of carriers alleging damages
Radiant Logistics touts enhanced credit facility, eyes larger M&A Shares of third-party logistics provider Radiant Logistics jumped 12.4% in after-hours trading on Monday following the company's better-than-expected quarterly report. Radiant ( NYSE: RLGT ) reported revenue of $280 million for its fiscal first quarter ended Sept. 30. The result was 23% higher year over year and $34 million ahead of the consensus estimate. Adjusted net income of $8.6 million, or
Forward Air pauses sale of intermodal unit Forward Air said Monday it has paused the planned sale of its intermodal unit in conjunction with its third-quarter report. Management told analysts on a quarterly call that the business is "back on track" and that it remains open to offers reflecting "fair value." Forward ( NASDAQ: FWRD ) commenced a strategic review at the beginning of 2025, which contemplated the sale of parts or all of the co
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