BBG3 oil and gas lease sale attracts $82.7M in high bids The Department of the Interior reports that the Marine Minerals Administration's offshore oil and gas lease sale Big Beautiful Gulf 3, or BBG3, generated $82,689,756 in high bids for 59 blocks in
Baltic Exchange names Sigrid Teig its deputy CEO The Baltic Exchange reports that, after an extensive recruitment process that started in October 2025, Sigrid Teig has been appointed its deputy chief executive officer and will be joining the organization in
Ports of Indiana-Burns Harbor earns GLS Pacesetter Award Ports of Indiana-Burns Harbor has earned the Robert J. Lewis Pacesetter Award for increasing international cargo shipments in 2025. The honor was presented by the Great Lakes St. Lawrence Seaway Development Corp.
American Ocean Minerals names Paul Warmé CFO Tampa, Fla.-based deep sea critical minerals specialist American Ocean Minerals Corporation (AOMC) reports that it has named Paul Warmé its chief financial officer (CFO). Following its merger with Odyssey Marine Exploration (NASDAQ:
Corvus Energy lands 40 MWh battery contract for BC Ferries Corvus Energy, a supplier of zero emission solutions for the ocean industry, has been awarded a milestone contract to supply its Battery Energy Storage Systems (ESS) for four new hybrid-electric, double-ended passenger
Vigor unveils Craney Island, newest Maneuver Support Vessel (Light) Vigor Marine Group reports that Vigor Marine Fabrication in Vancouver, Wash., yesterday unveiled USAV Craney Island, the second Maneuver Support Vessel (Light) (MSV(L)), marking a major step in modernizing the U.S. Army's
U.S Navy Hellfire missiles disable would-be blockade buster Vela Nova CENTCOM reports that U.S. forces have disabled the steering gear of the Panama-flagged M/V Vela Nova as the cargo vessel attempted to transit the Gulf of Oman and violate the U.S. blockade
Op-Ed: The next evolution in onboard maintenance Why a straightforward coating maintenance routine is becoming a strategic advantage For decades, onboard maintenance has relied on an assumption that every vessel carries experienced crews with the time, expertise and resources
Hanseatic Global Terminals appoints new managers in US and Mexico Hanseatic Global Terminals has announced new general managers for Florida International Terminal (FIT) in the United States and Terminal Marítima Mazatlán (TMAZ) in Mexico. The appointments will take effect on 1 September 2026. Mauricio Ortiz will become General Manager of Florida International Terminal. Meanwhile, Cristián Ortega will succeed Ortiz as General Manager of Terminal Marítima Mazatlá
Port Everglades in urgent need for channel deepening Port Everglades has welcomed the MSC Vandya, the largest cargo ship ever to visit the port, though the occasion simultaneously underscored a critical infrastructure constraint. The vessel, measuring 1,200.2 feet in length with a gross tonnage of 143,521 and a capacity of 13,050 TEUs, arrived lightly loaded due to current water depth restrictions that limit incoming vessels to a maximum of 8,000 T
ArrowXL reduces fleet mileage by using Descartes route planning solution ArrowXL by JP Home, the UK's largest two-person home delivery and warehousing specialist, has reduced its fleet mileage by approximately 13% following the implementation of Descartes' fleet performance management solution suite. The improvement has lowered operating costs and emissions while increasing delivery success rates, revenue per route and vehicle lifespan across the company's big and bul
Maersk updates heavy weight surcharges for Canada and Mexico trades Maersk has announced changes to its heavy weight and heavy load surcharges covering Canada and the Far East Asia-Mexico trade. For Canada, the carrier has raised its general Heavy Weight Surcharge (HWI/HWE) from US$390 to US$600. The new rate applies to both import and export movements involving Canada. Separately, Maersk has revised its Heavy Load Surcharge (HWS) from Far East Asia to Mexico. A
Hapag-Lloyd announces three Italian port omissions on MCA service Hapag-Lloyd has announced three port omissions on its MCA service as part of schedule recovery measures. The Barcelona Express voyage 85W33 will skip scheduled calls at Salerno, Livorno and Genoa in Italy. The vessel will omit Salerno on 11 August 2026. It will also skip Livorno on 14 August and Genoa on 15 August. Export cargo to move on alternative vessels Hapag-Lloyd said affected export cargo
MSC Shipmanagement fined US$6 million over MSC Michigan VII runaway incident MSC Shipmanagement Limited has been fined US$6 million following a 2024 incident involving the containership MSC Michigan VII in Charleston, South Carolina. The vessel operator pleaded guilty to failing to report a hazardous condition aboard the ship and obstructing an investigation by the US Coast Guard (USCG) and National Transportation Safety Board (NTSB). MSC Shipmanagement was also sentenced
Boluda Shipping expands intermodal rail operations Boluda Shipping is strengthening its rail operations as part of its wider intermodal logistics strategy following the integration of Transfesa's rail business into its service portfolio. The rail activity operates within Boluda Logistics, the group's land logistics division. It complements the company's existing road transport and warehousing services. The move allows Boluda Shipping to further i
ADNOC reports record Q2 net profit ADNOC Logistics and Services has reported record second quarter and first-half 2026 financial results, surpassing market expectations and demonstrating exceptional operational strength underpinned by strong shipping market performance. Second quarter 2026 revenue reached US$ 2,584 million, a 98% increase year-on-year, while EBITDA rose 176% to US$ 1,106 million and net profit surged 303% to US$ 9
Why Hormuz's alternatives are hedging tade, not replacing it As Washington's naval blockade demonstrates both reach and its limits, Gulf-adjacent connectivity projects are hedging against volatility not replacing a chokepoint the region still cannot do without
Hapag-Lloyd adjusts inland fuel surcharges in Italy Hapag-Lloyd has announced new inland fuel surcharges for services in Italy. The new rates will take effect on 24 August 2026. However, shipments subject to US Federal Maritime Commission (FMC) rules will follow the new rates from 12 September 2026. The changes apply to both import and export inland haulage. Hapag-Lloyd said the update follows continued volatility in global energy markets. Changes
BNSF expands intermodal service between Phoenix and DFW BNSF Railway has announced an expanded intermodal service between the Phoenix metropolitan area and the Dallas-Fort Worth region, offering customers a faster, more economical and reliable freight solution between two of the Southwest's fastest-growing markets. The enhanced service, driven by increased customer demand, will operate six days per week and is designed to support the conversion of ove
Maersk raises Middle East-Pakistan surcharge and updates European fuel fees Maersk has announced several surcharge changes covering Middle East-Pakistan cargo and inland transport across parts of Europe. The carrier will increase its Emergency Contingency Surcharge (ECS) on dry cargo moving from the Middle East to Pakistan from 1 September 2026. Maersk has also updated its Intermodal Fuel Fees for Poland, Benelux and the DACH region. The new rates will apply from 17 to 3
Death toll rises to six after Houthi attack on Tihamah in Bab el-Mandeb The death toll from a Houthi attack on the cargo ship Tihamah in the Bab el-Mandeb Strait has risen to six, including four crew members and two Yemeni rescuers, according to Yemeni authorities. The Egyptian-owned vessel was attacked on 11 August while at anchor northeast of Yemen's Perim Island, according to British maritime security company Ambrey. Yemen's transport ministry said four crew membe
Explainer: What if Iran bans US and Israeli vessels? Two announcements out of Tehran in the first week of August looked like separate stories. They are one instrument
CyberLogitec wins TOS contract for Incheon Port's first fully automated terminal CyberLogitec has secured a contract to supply the Terminal Operating System (TOS) for the new automated container terminal at Incheon New Port in South Korea. The maritime and logistics IT company signed the agreement with Incheon Global Container Terminal (IGCT) for the Phase 1-2 development. The terminal is scheduled to begin commercial operations in 2028. It will become the first fully automat
US forces strike containership Vela Nova in Gulf of Oman US forces struck the Panama-flagged containership Vela Nova in the Gulf of Oman after the vessel allegedly attempted to breach the US blockade against Iran, according to US Central Command (CENTCOM). CENTCOM said a US Navy MH-60 helicopter fired two Hellfire missiles into the vessel's engine room after its civilian crew ignored repeated warnings from American forces. The strike disabled the vesse
Port of Savannah container volumes rise 5.7% in July The Port of Savannah handled 503,739 TEUs in July 2026, an increase of 5.7% compared with the same month last year. The Georgia Ports Authority (GPA) reported a year-on-year gain of 27,051 TEUs as the port began its 2027 fiscal year with growth in both imports and exports. Exports reached nearly 115,000 TEUs, up 7.7% or more than 8,200 TEUs from July 2025. Imports also increased, reaching 251,888
Explainer: Behind Trump's third extension Washington has suspended its own cabotage law for a third time over the objections of the President's own party resolving an energy problem by spending industrial-base credibility
T-Mining joins DCSA+ to advance Secure Container Release standards T-Mining has joined the Digital Container Shipping Association's DCSA+ partnership programme to support the development and adoption of standards-based Secure Container Release (SCR). Through the partnership, T-Mining will contribute its operational experience to DCSA's work on interoperable digital standards for container release. The initiative aims to address differences in container release p
WaveBL integrates with Evergreen to expand electronic Bill of Lading adoption WaveBL has completed an integration with Evergreen Marine Corporation to support the container carrier's expansion of electronic Bill of Lading (eBL) services. The integration connects Evergreen with WaveBL's digital trade network. It will allow electronic Bills of Lading to be issued, transferred and managed through the platform. Evergreen has operated its own iBL service since 2018. The Taiwan-
CMA CGM updates peak season surcharges on Red Sea and South Africa trades CMA CGM has announced changes to its Peak Season Surcharges (PSS) on shipments from North Europe to the Red Sea and from Asia to South Africa and Mauritius. The French carrier will apply a downward adjustment to its PSS from North Europe to the Red Sea from 1 September 2026. At the same time, CMA CGM will introduce a PSS of US$100 per TEU from Asia to South Africa and Mauritius from 20 August. No
Port of Long Beach approves clean air strategies and charging network The Port of Long Beach has unanimously approved three new clean air strategies in coordination with the South Coast Air Quality Management District and the Port of Los Angeles, advancing the shared goal of zero-emissions goods movement at the nation's largest port complex. The measures, approved as an addendum to the Cooperative Agreement adopted last December, build on the voluntary San Pedro Ba
Long Beach port president pledge to advance Port of the Future Vision Steven Neal has assumed the presidency of the Long Beach Board of Harbor Commissioners, launching his one-year term with a commitment to advancing the Port of Long Beach's infrastructure, sustainability and innovation initiatives as it builds toward its Port of the Future vision. At his first meeting as Board President, Neal pledged to work with fellow commissioners to ensure progress on the proj
Wan Hai piles on boxship orders with near-$1bn deal Taiwanese boxship owner Wan Hai Lines has returned to Shanghai Waigaoqiao Shipbuilding with orders for eight containerships worth up to $980m. Two stock exchange filings show the Taipei-headquartered carrier has contracted one 9,200 teu ship and seven 11,000 teu vessels at the CSSC yard. The 9,200 teu unit, specified as methanol dual-fuel ready, is priced ...
Baltic Exchange taps Marcura executive for deputy CEO role The Baltic Exchange has appointed shipping and technology executive Sigrid Teig as deputy chief executive. Teig joins the freight market benchmark provider after most recently serving as director of strategic customer partnerships at maritime technology group Marcura. She joined Marcura in Singapore in 2020 and has also held senior roles in the dry bulk sector. ...
Cages, convoys and coastal routes: Russian shipping adapts to drone threat From hugging the Turkish coast to anti-drone cages, armed guards and convoy proposals, Russia-linked shipping is scrambling to reduce its exposure to Ukraine's rapidly expanding maritime campaign across the Black Sea and Sea of Azov. The latest evidence comes from the 28-year-old suezmax Caruzo. TankerTrackers.com photographed the sanctioned tanker passing Istanbul carrying what it said ...
Drone strikes put Libya's Zawiya oil hub at risk A widening drone campaign against Libya's most important western oil complex is threatening refinery operations and exports, with the country's National Oil Corporation (NOC) warning it could declare force majeure if attacks continue. A succession of drones has targeted energy infrastructure around Zawiya, approximately 40 km west of Tripoli, hitting the refinery complex, fuel storage ...
Colombia quake paralyses exports through Buenaventura Colombia's devastating earthquake has severely disrupted operations at the country's principal Pacific gateway, with coffee exports through Buenaventura effectively brought to a standstill. The magnitude 7.4 earthquake that struck western Colombia on Monday damaged transport infrastructure across the country's coffee heartland and forced several Buenaventura terminals to suspend or restrict opera
Samudera-Imoto venture orders first newbuild for Japan push Samudera Shipping Line and Imoto Corporation's Japanese joint venture has moved into newbuildings, ordering a 696 teu feeder in China. Blue Ocean Shipping has signed the contract with Zhejiang Xinle Shipbuilding for delivery in the first half of 2028. The Kobe-based venture was incorporated earlier this year, with Samudera Japan holding 51% and Imoto the ...
Iranian owner makes boxship move with China order Tehran-based Kamal & Adel has moved into the containership sector with an order for a single 1,700 teu-class newbuild in China. The Iranian outfit has contracted Chizhou Tianyu Shipbuilding for the vessel, priced at around $31.5m and due for delivery in 2028. Detailed specifications have not been disclosed. Consultancy Alphaliner notes that a ship of ...
AXSMarine: AI, blockchain and the technologies shipping actually needs Jacques Goudchaux has watched maritime technology evolve from before the dotcom bubble to today's AI frenzy. The AXSMarine chief tells Maritime CEO the next breakthrough will not come from technology alone, but from combining artificial intelligence with trusted shipping data. Goudchaux has been around maritime technology long enough to have witnessed several supposedly transformative technologie
US disables boxship while Red Sea attack kills six Commercial shipping came under fire at both ends of the Middle East's most disrupted maritime corridor on Tuesday, with US forces disabling a containership in the Gulf of Oman while a separate attack in the Bab el-Mandeb left six people dead. US Central Command confirmed that a Navy MH-60 helicopter fired two Hellfire missiles at ...
Time is running out for shipping's climate compromise Governments must decide next month whether to protect the IMO's Net-Zero Framework or reopen a deal that took years to negotiate and risks becoming weaker with every compromise. Anais Rios, senior shipping policy officer at Seas at Risk, gives Splash readers an overview of the various submissions doing the rounds at IMO HQ in London. ...
Hormuz crisis supply response loses steam but tanker rates hold firm The crude tanker market continues its epic bull run. The question - as Hormuz supply replacement efforts falter - is...
The Daily View: China's long game and the post-Hormuz oil map
Small shipping law firms can handle complex litigation, Tatham & Co insists 'We all get on quite well, the decision-making is easy, and we are able to take the firm forward because...
MSC and Blackrock pull Barcelona terminal acquisition application No reason has been given for the withdrawal of the application, which puts on ice a deal agreed late last...
Stranded-asset risks could hit shipping earlier than expected, study finds A UCL report warns against underestimating the risks of an energy transition in shipping, and of responding too late
Wan Hai Lines boosts newbuild orderbook with contracts for eight ships Latest orders by Taiwanese container line brings its newbuilding backlog to 50 boxships with a combined capacity of nearly 500,000...
Tanker buying boom raises concerns over secondhand ship inspections, says Idwal In a buoyant tanker market, competitive pressure is causing some buyers to cut corners on inspections when buying secondhand ships
Two of Russia's biggest grain terminals suspend operations after Ukraine strikes The key Russian Black Sea port has come under fire from Kyiv's drones multiple times in recent weeks, with several...
Tankers keep moving through Hormuz as diplomacy stalls Tankers keep moving through the Strait of Hormuz even as US-Iran talks stall and the shooting continues
Marcura's Sigrid Teig named next CEO of Baltic Exchange The Baltic Exchange named an eventual successor to Mark Jackson as part of a 'planned and orderly leadership transition' announced...
Six dead in Red Sea attack on cargoship The death toll has increased to six after two members of a rescue team were also killed in the attack
Cosco vehicle carrier fire puts safety risks back in focus A fire aboard the 2024-built Min Jiang Kou renews concerns over safety aboard pure car and truck carriers, which have been...
Daily Briefing Gulf conflict costs marine insurers $2bn to date | Tax-free IMO plans would struggle with volatile compliance costs | Pacific...
Geopolitics, tariffs to sway second-half shipping outlook: Yang Ming The carrier said the surge in cargo demand and higher freight rates driven by the early peak season led the second quarter to outperform the first quarter and year-ago period.
Union Pacific raises California intermodal surcharges to $1,000 per box The peak season surcharge applies to spot market freight originating in California and low-volume shippers who move less than 10 loads per week.
Low water on Rhine risks pushing bottlenecks back to Rotterdam, Antwerp Logistics executives raised concerns that congestion building across heavily disrupted inland supply chains could flow downriver to Europe's two largest gateways and tie up import containers trying to leave the ports.
Ongoing logjams at European ports crimp breakbulk cargo moves Draft and load restrictions, work interruptions, and overdue infrastructure repairs are hampering breakbulk handling in the region.
Was a container ship transhipping Iranian cargoes before US strike? Container ship called at Mumbai-area port terminal alongside Iranian-owned vessel
Hong Kong investment firm locks in gains by trimming Viking Holdings stake Slice were worth $37.5m at the end of March but increased in second quarter
Getting stuck in the Middle East hurt TUI Group cruise earnings German travel group sees otherwise strong cruise market
Black Sea warfare continues to hit shipping as Ukraine pounds Russian grain terminals Attacks come as shipowners were already avoiding Black Sea ports amid warring between Kyiv and Moscow
How the Strait of Hormuz 'debacle' will impact chemical tanker rates Chemicals do not have the inventories crude oil does, meaning more expensive oil drives up cargo costs
Discharge delay holds up delivery of tanker to Latsis family listed shipping unit Transfer of clan's privately owned MR ship now expected next month
Wan Hai inks deal worth almost $750m for six dual-fuel container ships LNG and methanol-ready sextet to be built in China
Spot charter rates crumple for Atlantic trading LNG carriers Too many ships? Not enough cargoes? Market players accepting cheap deals and dragging levels lower?
Worsening Houthi threat sparks Red Sea insurance shake-up Notice prepares ground for more costly war risk cover for charterers and shipowners on fixed premium P&I policies
A $500m cherry on the cake: How International Seaways went from boring to booming This week's Streetwise takes a look at the raging success of a New York tanker owner that overcame humble beginnings to celebrate its 10th birthday in style
Eastern Pacific ironmen and women conquer brutal Philippines triathlon Idan Ofer's staff were cheered on by seafarers in Cebu
Amoysailing linked to first-ever newbuilding order at Chinese ship repairer Quartet of bulkers said to have been contracted at Jiangsu Watts
Odds of Hapag-Lloyd's $4.2bn Zim acquisition getting state approval fading Most Israeli ministries reviewing the transaction are expected to oppose the deal, report says
Stricken MSC container ship to be hauled ashore End is in sight after February 2025 grounding in Canada
Equinor linked to JP Morgan LNG newbuilding charter as Qatar delays delivery QatarEnergy continues to tuck away relets as rows roll on over Strait of Hormuz opening
Saudi oil storage at highest in a decade as twin tanker export routes blocked by war International Energy Agency says supply is well below global demand because of conflicts that hit tanker traffic
Russian Arctic tanker exports rise as China eyes more shipments Traders say 6m barrels of crude are heading along the Northern Sea Route
Leonhardt & Blumberg opts for wind power on first of four newbuildings Econowind has fitted Ventofoils on general cargo vessel
Baltic Exchange names new chief executive with first female leader in 280-year history Sigrid Teig will start as deputy CEO in November and will replace Mark Jackson next year
Yang Ming profit rebounds as shippers bring bookings forward But Taiwanese liner fears that supply will begin to outpace demand
Baltic Exchange names new chief executive to replace Mark Jackson Sigrid Teig will start as deputy CEO in November and is set to become the first female to lead the organisation
Greek owners pivot to tanker sales as wars heighten uncertainty Brokers note savvy players only disposed of ships in the last month
'Priced for perfection': Why Frontline stock is sensitive to any sentiment shift Norwegian bank sees positives and negatives in investing in world's most prominent tanker owner
Drug gang deploys new tactic to smuggle cocaine through South American port More than a tonne of the drug was recovered in the port of Guayaquil
VLCC flipped twice at same price as tankers keep fetching premiums Owner makes a quick exit, selling ageing unit for as much as it bought it for
Four crew members and two rescuers dead in Red Sea ship attack, Yemen says Coastguard reports higher death toll from Houthi assault on Egyptian ship
Kim Heng flags first-half loss as new growth drivers drag on earnings Singapore-listed offshore player also cautions that trading arm's vessel sales are a work in progress
Norway's Froy orders live fish carriers in China worth up to $490m Wellboat company evaluated 17 shipyards before placing order
Fast-track to the Atlantic: One ship's $4m 'fastpass' through the Panama Canal Somewhere in Panama, a canal official is holding a golden ticket
Blue Ocean Shipping orders container ship at Chinese yard Recently formed joint venture between Samudera Shipping and Imoto Corp has ordered its first newbuilding
South Pacific cruise company seeking to sell expedition-type cruise ship The 1996-built Reef Endeavour said to be available for immediate inspection and handover
Third fatal accident in 15 months puts CSBC shipyard under spotlight Taiwanese shipbuilder faces another work stoppage after contractor dies at Keelung yard
'Who stays, who progresses': Maritime women challenge industry on inclusion Female professionals argue headcount alone is a poor measure of progress
Reed Smith switches London sanctions expert Alex Brandt to Singapore UK-headquartered law firm says the move sends shipping partner back to Asia
Zim embroiled in multi-venue legal spat over delayed Bitcoin mining equipment Months-long customs delay sparks dispute over its costs
Mexico tops US trade rankings in June as Laredo handles $36.5B in freight Mexico retained its position as the United States' largest trading partner in June, with $89.2 billion in two-way commerce, according to the latest trade data from the Census Bureau . Mexico ranked No. 1 among U.S. trading partners during June, ahead of Canada at $67.9 billion and China at $34.7 billion. Laredo, Texas, remained the nation's busiest international trade gateway, handling $36.5 bill
Rail freight stretches lead over 2025 Weekly rail traffic on U.S. railroads totaled 526,410 carloads and intermodal units for the week ending Aug.1, up 2.4% y/y, the Association of American Railroads reported. Commodity shipments were 233,171 carloads, down 0.4%, while intermodal volume of 293,239 containers and trailers was better by 4.8% compared to 2025. Metallic ores and metals typically used in steelmaking led seven of 10 catego
AI Freight Roll-Up: Why Fura Bought High-Rise Fura's seventh acquisition is here: High-Rise joins an AI-driven freight brokerage roll-up focused on small and midsize players. Jeff Dangelo breaks down why Fura targets sub-$30 million brokerages, how the company says it can onboard an acquisition in about a week, and where agentic AI is already booking nearly 40% of carriers. If you're watching freight brokerage M&A, automation, or broker marg
Freight Rail Index at NEAR DECADE HIGH! | Economy Rebounding? The latest rail traffic data is in, and it paints a surprising picture of economic recovery. The Freight Rail Index has reached its second-highest level since 2008, indicating a significant rebound in the industrial sector. We break down the North American carload and intermodal numbers, highlighting key growth areas and shifts in freight patterns, including a notable 4.7% increase in US carload
New Trucking Authorities: Are They Sustainable? FreightWaves dives into the surge of new trucking authorities and whether this capacity is sustainable. With tender rejections flat and demand picking up, we explore the risks brokers face with new MC numbers and no safety ratings. Plus, is mode conversion to rail a real solution to truckload capacity constraints? A burst of new trucking operating authorities in the second and third quarters of 2
AI Data Center Demand to TRIPLE by 2030 | GXO CEO on Logistics Impact GXO Logistics CEO Patrick Kelleher reveals the immense growth in AI data center demand, predicting capacity will triple by 2030. Discover how this surge, along with warehouse robotics and redomestication, is reshaping the global supply chain and creating new opportunities for logistics providers. Kelleher shares GXO's strategy for tackling these trends, including advanced automation and strategic
Federal court upholds challenge to FRA's two-person rail crew rule A federal appeals court on Tuesday upheld the two-person crew requirement established by the Federal Railroad Administration, turning down industry arguments that the rule adopted in 2024 was arbitrary and capricious and represented regulatory overreach. In a 93-page, 2-1 decision , the U.S. Court of Appeals for the 11th Circuit turned down the challenge by the Association of American Railroads,
Wild West returns to California rails as suspected train burglar fires at BNSF officer Railroad police encountered several people near rail cars in Devore, California, Monday evening. Personnel tried to deter activity beside Cajon Boulevard and Keenbrook Road. One person fired a handgun during that confrontation. The BNSF officer escaped injury. The northbound freight train continued through Cajon Pass after the gunfire. It eventually stopped in the Summit Valley area. Deputies and
J.B. Hunt's 'summer of many minibids' Executives from J.B. Hunt Transport Services said Tuesday that the freight industry is in the "early innings of supply correction," however, it's the supply side that might limit the recovery's upside when demand ramps. Management noted growing labor pressures, pointing out that driver recruitment needs are at their highest level since 2022. However, the hardened driver market presents a demand t
Why Global Diesel Prices Are Soaring: War, Hurricanes & Drone Attacks Diesel prices are hitting "insane" levels at $180/barrel wholesale, and a Gulf hurricane could mean "apocalyptic numbers" past $200, warns Gulf Oil's Tom Kloza. He breaks down the unprecedented impact of drone attacks on global oil infrastructure, further tightening the refined products market. Plus, how US diesel exports are soaring and fuel surcharges are leaving shippers in the red. Wholesale
Mega rail deal under fire: 7 State AGs warn UP-NS merger could drive up shipping costs A coalition of seven Republican state attorneys general is urging the Surface Transportation Board to reject Union Pacific's proposed acquisition of Norfolk Southern, arguing that the railroads have not shown the transaction would serve the public interest or strengthen rail-to-rail competition. In a letter entered into the STB's public record Aug. 11, the attorneys general said the railroads' re
What Does Fraud Look Like Post-Montgomery? Freight technology doesn't move in straight lines. It's often pulled one direction by market pressure, another by regulation, and another by the slow grind of digital adoption. Loaded and Rolling host Thomas Wasson sat down with Sean Dehan, vice president of strategy and corporate development at Truckstop , to discuss where those factors have led the industry when it comes to combatting fraud. De
U.S. container imports surge on China peak season momentum U.S. containerized imports increased 4.5% in July from June, reaching 2.51 million twenty foot equivalent units as the traditional peak shipping season gained momentum, according to Descartes Systems Group's July Global Shipping Report. The July total of 2,508,310 TEUs marked a seasonal increase in inbound cargo volumes. Descartes said the month-over-month gain was consistent with the pattern see
Trimble sees freight 'green shoots' as transportation revenue rises 5% Trimble's transportation and logistics business posted higher revenue and recurring revenue in the second quarter as CEO Rob Painter said the company is beginning to see signs that the prolonged freight downturn may finally be easing. The technology company also disclosed Wednesday that it has received unsolicited interest from multiple parties in its transportation and logistics business, prompt
Prosecutors say a hit man killed a federal witness tied to staged 18-wheeler crashes A federal court scheduled jury selection Monday in New Orleans for Sean Alfortish. Prosecutors accuse the disbarred attorney of conspiring to kill cooperating witness Cornelius Garrison. The indictment connects that homicide to a sprawling scheme involving purposeful collisions with 18-wheelers. He pleaded not guilty. The indictment identifies Garrison as a "slammer" who intentionally sideswiped
Kroger taps digital retail expert to lead e-commerce push Grocery giant Kroger on Tuesday named former Walmart and startup executive Nate Faust as chief e-commerce officer, with a mandate from new CEO Greg Foran to shake up the company's digital commerce business, effective Sept. 1. Kroger ( NYSE: KR ) said his 20-plus years of experience building and scaling successful e-commerce businesses will help improve the online shopping experience for customers
Latest truck crackdowns sidelines 48 drivers, 159 vehicles across US State police agencies in New York, Nevada and Arizona have stepped up commercial vehicle enforcement in recent weeks, issuing hundreds of violations and placing scores of trucks and drivers out of service. The actions ranged from a bridge-strike prevention campaign along the New York State Thruway to increased roadside inspections in Nevada following a rise in commercial vehicle crashes and targe
The boring press release machines learned to love The humble press release was, for most of the past decade, the chore nobody in freight wanted. It sat near the bottom of the marketing budget. It was filed as an obligation. Executives who would sign off on a six-figure trade show booth without blinking balked at 500 words crossing the wire. That was the status quo until the machines started reading them. A quarter-long field test by LeadCoverage
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