We Work the Waterways appoints Kelsey Foster as deputy director We Work the Waterways, the national nonprofit dedicated to building awareness of the maritime industry and inspiring the next generation workforce, has appointed Kelsey Foster as its new deputy director, a newly
New project targets wind-assisted propulsion for MR tanker sector While wind-assisted propulsion has gained traction across bulk carrier and specialist vessel segments, its application in the Medium Range (MR) tanker market remains largely unexplored. A new joint development project aims to
Former ship captain pleads guilty to drugging and sexual assault of USMMA cadet Another troubling case involving the United States Merchant Marine Academy (USMMA) Sea Year Program is moving to a resolution. The U.S. Attorney's Office for the Eastern District of New York reports that,
First green methanol bunkering of new Shaper Class car carrier Arctic Tern EUKOR Car Carriers, SIPG Energy, and World Fuel report that they have successfully completed the first green methanol bunkering of M/V Arctic Tern, the first vessel in the new Shaper Class series
MMA takes a step forward on American Samoa offshore mineral lease sale The Department of the Interior's Marine Minerals Administration (MMA) has announced the availability of a Proposed Leasing Notice for a proposed American Samoa Outer Continental Shelf Mineral Lease Sale. The notice outlines
Anemoi gains new BV approvals Adding to a growing track record of independent industry validations, rotor sail specialist Anemoi Marine Technologies Ltd reports that it has been awarded design assessment certificates from classification society Bureau Veritas (BV)
PIL's first 13,000 TEU LNG dual-fuel vessel earns cyber security certification Pacific International Lines (PIL) has marked two milestones with its first 13,000 TEU LNG dual-fuel containership, Kota Elok, following the vessel's maiden call at Singapore on 15 July. The vessel became PIL's first ship to receive Lloyd's Register certification for compliance with the International Association of Classification Societies (IACS) Unified Requirements E26 and E27 on cyber security.
Passenger ferry and Ro-Ro vessel collide at Port of Souda A passenger ferry and a Ro-Ro cargo vessel were involved in a minor collision inside the Port of Souda, Crete, according to local media reports. The incident involved the passenger and vehicle ferry Elyros and the Ro-Ro cargo vessel Iosif K. while both ships were operating within the port area. The Elyros, which was departing on its scheduled service to Piraeus with approximately 100 passengers o
ONE updates emergency fuel surcharge across global trade lanes Ocean Network Express (ONE) has announced revised Emergency Fuel Surcharge (EFS) levels across its global network, with the updated charges taking effect from 15 August 2026 and remaining in place until further notice. The revised surcharge will apply to all long-haul and short-sea services, subject to any required regulatory approvals and notice periods. Under the updated tariff, the EFS has bee
Hapag-Lloyd revises India Gulf Service 1 rotation Hapag-Lloyd has announced a revised port rotation for its India Gulf Service 1 (IG1) as part of ongoing network adjustments in the Middle East. The updated rotation follows the temporary suspension of the service announced on 6 March 2026 and will now operate as follows: Kandla (India) - Nhava Sheva (India) - Karachi (Pakistan) - Khorfakkan (UAE) - Sohar (Oman) - Kandla (India) The carrier said t
Maersk updates intermodal fuel fees in Ireland and the UK Maersk has announced revised Intermodal Fuel Fee (EFS/IFS) levels for the Republic of Ireland and the United Kingdom, citing continued volatility in global energy markets driven by the evolving security situation in the Middle East. The carrier said rising fuel prices, combined with the fact that around 20% of global fuel supplies pass through the Strait of Hormuz, continue to increase the cost o
Houston Ship Channel records trade growth The Houston Ship Channel region demonstrated resilient trade activity through the first half of 2026, with total trade increasing 17% through May, driven by a 23% increase in exports while import tonnage declined 4%. Crude oil and refined products combined account for more than half of all tonnage moving through the region, reinforcing Houston's standing as a leading US energy gateway. Port Houst
Maersk revises congestion surcharge for shipments to Conakry Maersk will revise its Congestion Fee Destination (CFD) for cargo moving from Europe to Conakry, Guinea, with the updated charges taking effect from 1 August 2026 until further notice. The revised surcharge will apply to shipments originating from a broad range of European, Mediterranean, North African and Central Asian countries destined for Conakry (GNCKY). The updated tariff has been set at: U
EBRD backs €100 million green upgrade at Port of Constanta The European Bank for Reconstruction and Development (EBRD) is providing a €25 million senior loan to Constanta South Container Terminal (CSCT), a DP World subsidiary, to support the electrification of operations at Romania's Port of Constanta. The financing forms part of a €100 million investment programme aimed at accelerating the port's green transition. The EBRD loan will be complemented by a
Vancouver Fraser Port seeks operator for Fraser Wharves Terminal The Vancouver Fraser Port Authority has launched a search for an operator for its Fraser Wharves terminal site in Richmond, British Columbia, marking the first major terminal development opportunity at Canada's largest port in a decade. The initiative supports the federal government's goal of doubling Canadian exports to non-US markets over the next decade and forms part of the Government of Cana
Valenciaport recorded containers import growth Valenciaport handled 2,819,602 TEUs across the ports of Valencia, Sagunto and Gandia in the first half of 2026, a marginal increase of 0.20% compared to the same period last year. In June alone, 502,095 TEUs were processed, up 0.35% year-on-year. Import traffic was the primary driver of container growth during the period. Full import containers reached 559,825 units, an increase of 11.14% compare
Qatar resumes maritime navigation in coastal waters Qatar's Ministry of Transport has announced the resumption of maritime navigation in designated coastal waters, lifting a temporary precautionary measure introduced earlier this month. The decision takes effect immediately. Navigation has resumed within a marine range of nearly seven nautical miles , extending from Lusail City , including its ports, anchorages and marine facilities, to Hamad Port
MSC introduces Panama Canal surcharge for Asia-US services MSC will introduce a Panama Canal Surcharge (PCS) on shipments from Asia to the US East Coast and US Gulf Coast, citing operational constraints and higher transit costs associated with the Panama Canal. The surcharge will apply to cargo moving from Southeast Asia, China, South Korea and Japan to destinations on the US East Coast and US Gulf Coast. Effective from 19 August 2026 (gate-in date) and
Maersk updates SLC Aegean Sea service Maersk will revise its SLC Aegean Sea service by replacing Hamburg with Wilhelmshaven as part of efforts to improve schedule reliability and strengthen connectivity to the German market. Under the revised rotation, the service will operate as follows: Felixstowe - Wilhelmshaven - Bremerhaven - Antwerp - Piraeus - Izmit Körfezi - Ambarli (Istanbul) - Gemlik - Izmir - Felixstowe. According to Maers
Will the Toll Survive a Truce in the Strait of Hormuz? As of late July 2026, the standoff over the Strait of Hormuz is not cooling it is intensifying
Dynacom tankers targeted as security risks escalate in Strait of Hormuz Two tankers managed by Greek shipping company Dynacom Tankers Management were caught up in separate security incidents on 20 July , underscoring the growing risks facing commercial shipping in the Strait of Hormuz . The most serious incident involved the Malta-flagged Panamax tanker Kavomaleas , which caught fire about 8 nautical miles northwest of Kumzar, Oman . According to UK Maritime Trade Op
Houthi forces announce maritime embargo on Saudi Arabia Yemen's Houthi movement has announced a maritime embargo on Saudi Arabia , raising new concerns for shipping in the Red Sea and Bab el-Mandeb . In a statement, the Houthis declared an immediate "maritime embargo" against Saudi Arabia. The group said the move responds to what it described as a long-running blockade imposed on Yemen. The Houthis warned that any further Saudi escalation would trigge
Iraq's winning corridor still walks through the chokepoint it was built to avoid The Development Road is outpacing IMEC and the INSTC in the race to reconnect Asia and Europe. But Al Faw Grand Port sits on the same Gulf waters, behind the same strait, that just discredited its rival's design
Global TEU liftings trail 2025 during the first half of 2026 Global TEU liftings reached an estimated 89.2 million TEU during the first six months of 2026, according to the latest EconDB operational estimates. While container volumes remained above the levels recorded in 2022 and 2023, they fell behind the exceptionally strong performances seen in both 2024 and 2025. The figures suggest that global container demand has moderated compared with the previous
Red Sea Gateway Terminal launches Patenga Container Terminal in Bangladesh Red Sea Gateway Terminal International (RSGTI) has officially launched the Patenga Container Terminal in Bangladesh, marking a major step in the company's international expansion. The project is backed by a US$170 million Saudi investment and strengthens RSGTI's presence in South Asia. The inauguration ceremony brought together senior officials from both Bangladesh and Saudi Arabia, including Ban
Nao Victoria to visit Port of Dover this August The Port of Dover will welcome the Nao Victoria, a full-scale replica of the first ship to complete a circumnavigation of the globe, from 21 to 31 August 2026. The vessel will be open to the public at Dover Marina, next to the RNLI lifeboat station. The visit follows the successful appearance of the Galeón Andalucía at the Port of Dover in 2025. The original Nao Victoria was the only vessel to co
Eimskip appoints Landsbankinn as new market maker Eimskip has entered into a market making agreement with Landsbankinn, aimed at supporting trading in the company's shares and improving price discovery on Nasdaq Iceland. Under the agreement, which takes effect on 20 July 2026, Landsbankinn will submit daily buy and sell quotes for Eimskip shares with a minimum market value of ISK 8 million. The bank's maximum daily net trading obligation will be
Tankers turn back after Houthi threat to Saudi shipping Two tankers carrying Saudi crude and a third due to load at Yanbu have reversed course following Houthi threats against ships calling at the kingdom's ports. The COSCO Shipping-managed VLCC Xin Long Yang, carrying around 2m barrels for China, and Dynacom-managed aframax Rodos, loaded with about 700,000 barrels for India, turned north in the Red ...
NYK seals full takeover of Saga Welco Japanese shipping major NYK has completed the acquisition of Westfal-Larsen's stake in Saga Welco, taking full control of the Norwegian open-hatch operator. The transaction closed on July 20 through NYK Holding Europe after securing the required regulatory approvals. NYK and Westfal-Larsen previously held equal stakes in the business, with financial terms of the buyout undisclosed. ...
Bangladesh moves ahead with $1bn shipbuilding hub Bangladesh has given initial backing to a privately financed $1bn shipbuilding and repair complex at the emerging Matarbari deepsea port. The Ministry of Shipping has granted in-principle approval for the Matarbari Green Dockyard and Shipbuilding Facility and forwarded the unsolicited proposal to the country's Public-Private Partnership Authority for technical and financial appraisal. Australia-b
Jackup contract cut short as Velesto seeks new work Malaysia's Velesto Energy has agreed to terminate a contract without cause for one of its drilling rigs. Velesto said it has terminated the contract for the provision of Naga 8 jackup drilling rig services for PC Ketapang II, PC North Madura II, and Petronas North Ketapang. The client agreed to terminate the contract, awarded in ...
Essberger firms up two more chemical tanker newbuilds German chemical tanker owner John T. Essberger has exercised options for two more vessels at China Merchants Industry Yangzhou Dingheng, lifting the company's newbuilding programme to eight ships. The latest move converts the first option pair attached to the two-plus-two-plus-two deal signed in December 2025. The programme at the Chinese yard now stands at four ...
Seized cocaine bulker changes hands for $1 Irish authorities have sold the ship at the centre of the country's largest cocaine seizure for a token $1 after spending around €17m ($19.4m) securing and maintaining the vessel in Cork. An unnamed international shipping company has taken over the 2001-built supramax bulker Matthew. The 50,913 dwt Panama-flagged ship has left the Port of Cork ...
Miner Paragon seals $50m move into Indonesian shipping Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut, bringing a domestic coal shipping platform of 34 vessels under direct control. Paragon acquired 6,125 Series A shares from Singapore-listed Resources Global Development. The stake represents 50.52% of DPAL's Series A shares and 49% ...
SLB OneSubsea lands dual Vår Energi subsea contracts SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has been awarded two contracts by Vår Energi covering subsea production infrastructure at the Balder and Goliat fields on the Norwegian Continental Shelf. The first contract covers the design and delivery of gas export capabilities for the Goliat FPSO, supporting the Goliat gas ...
Chevron pulls personnel from Gulf assets ahead of tropical storm Bertha US supermajor Chevron has begun weather-related shutdowns in the US Gulf of Mexico as tropical storm Bertha approaches, pulling personnel off offshore assets and suspending output at its Petronius facility. The company said production at Petronius has been shut in and all associated personnel moved onshore. Chevron also added that nonessential staff have been removed ...
Yang Ming picks Hanwha Ocean for $1.2bn boxship series Taiwanese carrier Yang Ming Marine Transport has selected Hanwha Ocean for a six-ship newbuilding programme worth up to $1.22bn. The LNG dual-fuel vessels will have capacity of around 13,000 teu and are priced at between $185m and $204m each, putting the total investment at between $1.11bn and $1.224bn. Final contract terms are still under discussion. ...
ADNOC backs $6.2bn offshore gas field expansion Abu Dhabi National Oil Company (ADNOC) has made a $6.2bn (AED 22.6bn) final investment decision to further develop the Umm Shaif offshore gas field alongside its partners TotalEnergies, Eni, and CNPC. The FID for the Umm Shaif Gas Cap project will unlock more than 600m standard cubic feet per day of natural gas and associated ...
Vår Energi snaps up BlueNord in $1.3bn deal Norwegian oil and gas player Vår Energi and BlueNord have agreed to combine their businesses, making Vår Energi the largest independent producer of oil and gas in Europe. The transaction adds high-quality, long-life assets on the Danish Continental Shelf (DCS), an attractive offshore basin with a stable and supportive fiscal regime and strong geological and ...
Houthis declare naval blockade on Saudi Arabia Yemen's Iran-aligned Houthi movement declared a naval blockade on Saudi Arabia on Monday, threatening to widen a conflict that is closing in on 1,000 days since the group first targeted Red Sea shipping in November 2023. The Houthis' armed forces said in a statement they were imposing "a maritime embargo against the criminal Saudi enemy, ...
Sinokor offers crews six months' pay for Hormuz round trips Commercial shipping through the Strait of Hormuz came under renewed attack on Monday, with two tankers abandoned after projectile strikes and another vessel reporting damage near the UAE. The Kuwait Oil Tanker Company product tanker Kaifan issued a distress call after being hit by what its crew described as a drone or missile around eight ...
New registries emerge for the shadow fleet Russia has become the dominant flag state for the sanctioned shadow fleet as tightening Western enforcement forces operators to seek increasingly limited registry options, according to new analysis from maritime risk firm Windward. The latest destinations for sanctioned tankers include Sierra Leone's registry, operated by a Cyprus-incorporated company, the newly established Equatorial Guinea regi
Record 2m cars tipped to move in containers as China outgrows car carrier fleet A record two million cars are expected to be shipped around the world on vessels other than dedicated car carriers this year, providing a significant boost for container shipping as China's vehicle exports continue to outpace available roro capacity. According to Veson Nautical, the use of container ships to transport light vehicles has evolved from ...
New vessel type to speed Guinea-China iron ore trade The dry bulk conveyor belt from West Africa to China has a new ship type to speed deliveries of iron ore. China's CSSC Chengxi Shipyard has delivered Wontanara, the first of five transhipment vessels built to move iron ore from the Rio Tinto-led Simandou development in Guinea. The 41,800 dwt self-unloader is owned by SimFer, ...
Baltic Exchange reveals back-up index plans if Hormuz crisis drags on The Hormuz crisis has already lasted far longer than the shipping industry expected. If it continues for a prolonged period...
The Daily View: Remember the Black Sea?
VLCC operators rethink Red Sea voyages amid fresh Houthi blockade Vessels appear to be rethinking Red Sea and Gulf of Aden voyages following the Houthi announcement of a blockade of...
Capital joins LR and K Shipbuilding to develop wind-assisted MR tanker Compared with bulker and specialist sectors, wind 'largely unexplored' for tanker segment
Geopolitical uncertainty is pushing vessel servicing back, says Wärtsilä boss Speaking as his firm hit a record order intake for the second quarter of 2026, Hakan Agnevall revealed how geopolitical...
Black Sea shipping attacks see hull war premiums surge Greek shipowner in court battle with Berkshire Hathaway and slew of big-name Lloyd's syndicates over Ukraine claim
Bahri to boost deepsea ro-ro fleet with rare newbuild contract Newbuildings are expected to complement Bahri's current six vessel-strong 'RoCon' fleet, which entered service between 2013 and 2014
Cosco vehicle carrier makes U-turn after Houthi warning as Saudi embargo bites Chinese car carrier reverses course near Djibouti after Houthi warning, raising questions over whether any vessel bound for Saudi ports...
Yang Ming returns to Hanwha Ocean for new series of neo-panamax boxships Most recent investment follows last year's order for seven 15,000 teu containerships at same South Korean builder and advances Taiwanese...
Middle East port update: Tuesday, July 21 Shuaiba port: vessel movements inbound and outbound remain suspended for safety reasons
China Merchants plans 25-year Simandou iron ore deal amid stronger capesize rate outlook Longer ore voyages from Simandou are expected to tie up more capesizes and increase tonne-mile demand
Black Sea attacks halt loadings from CPC pipeline Increased attacks on the Black Sea are set to disrupt crude liftings at Novorossiysk
Hormuz tanker transits slump as attacks mount and dark voyages dominate Tanker transits through Hormuz slumped last week as dark voyages now dominate and fresh attacks threaten a chilling effect across...
Daily Briefing Red Sea crisis redux: Could Bab el Mandeb be the next tanker chokepoint? | Greek owners warn Brussels ETS tweaks...
Ocean carriers levy fees tied to Panama Canal draft limits The new surcharge arrives as the Panama Canal Authority (ACP) will limit neo-Panamax vessels to a 49-foot depth starting this Friday.
Altana acquires customs entry writing automation software vendor The deal will see Altana target customs brokers with compliance software built around artificial intelligence.
MSC increasing air capacity with new Boeing order Mediterranean Shipping Co. is ordering the latest generation of widebody freighters from Boeing about four years after launching its air cargo division.
Incoming mega-ship deliveries make overcapacity inescapable: analyst The impact of newbuilding deliveries with capacities of 18,000 TEUs and more will change the face of some deepsea shipping systems, along with the terminals and regional systems that are used within those networks, writes analyst Jeremy Masters.
Hamburg's main terminal operator cuts 2026 outlook Bad weather in Q1, major infrastructure works in and around the port and geopolitical factors affecting trade networks are clouding the terminal operator's full-year outlook.
Nakilat profit slips slightly as Gulf crisis bites Chief executive Abdullah Al-Sulaiti says 'decisive cost-control measures' taken to maintain stable core operations
Dynacom and Cosco first to blink as Houthi threat disrupts Saudi oil trades in Red Sea New disruption to Saudi oil shipments expected after military threat from rebel group to merchant shipping
Tsakos Energy Navigation rakes in cash from suezmax sales As tanker earnings stay strong, Greek owner continues fleet renewal push
Saudi Arabia vows to respond 'swiftly and firmly' if its ships are attacked by Houthis Rebel group says vessels that call at Saudi ports face the threat of military action
Iraq looks beyond Strait of Hormuz: Plans to restart pipeline damaged in 2003 US invasion Talks involving Chevron aimed at providing alternative oil export routes
Sinokor offers tanker crews six months' pay to cross Strait of Hormuz Owner is compensating crews for increasingly dangerous Gulf voyages
Maersk charters newbuilding pair from German owner Elbdeich Vessels ordered speculatively are forward fixed to Danish liner giant for three years
Marinakis banks sizeable profit from sale of four container ships Greek owner sells quartet bought just before the Covid boom
Fire breaks out on laden gas carrier after suspected Russian attack in Black Sea Seventeen crew members brought to safety from burning ship, says Romania
Evalend Shipping tipped to break into newcastlemax bulkers with newbuildings Greek owner said to have booked three ships with an option for one more
'We have the capacity to do more': Danish Ship Finance targets international growth CEO Kristian Skovmand says lender will grow with clients while broadening its international reach
Carlyle puts new team in place after buying Altera fleet FPSOs now under control of US investment giant
Houthis threaten Saudi oil's Strait of Hormuz workaround Saudi Arabia funnelled millions of barrels of oil to Yanbu in response to Gulf crisis
How Houthis' Saudi Arabia shipping blockade could boost tanker markets Analyst sees increased demand if Houthis close Bab el-Mandeb Strait
Unpaid Hunter VLCC charter hire bill hits $36m as dispute drags on Counterparty paid $7.9m less than the due amount for June
NYK completes takeover of Norwegian bulker owner Saga Welco Japanese outfit bought out former partner Westfal-Larsen's 50% stake
Greek owner Cape Shipping stacks orderbook with capesize trio Andrianopoulos family-led outfit is scheduled to take delivery of the newbuildings in late 2027 and early 2028
Glencore emerges as charterer behind three-year deal for DHT VLCC Shell also makes a move in period market
Evangelos Marinakis goes for wind propulsion with new design of tanker Greek owner working with K Shipbuilding and Lloyd's Register on scalable project
Fairfield-Maxwell teams with Neste in return to shipowning New York family office and Finnish refiner team up on two MR newbuildings in South Korea
Fujian Highton charts new course with heavylift fleet push Chinese owner reveals broader ambitions after blockbuster first-half earnings
Wartsila logs record $1.3bn in orders as newbuilding numbers soar Finnish technology group expects similar demand in the next 12 months
Second Dynacom ship hit by Iran as more than 700 tankers mass Strait of Hormuz crossings down to four ships on Monday
Crew abandons KOTC tanker hit by projectile in Strait of Hormuz UKMTO says authorities are investigating latest security incident off Oman
Singapore owner expands owned fleet to three ships with latest acquisitions East Asian carrier snaps up boxship brace to expand fleet and service network
Indonesian coal miner buys domestic shipping firm for $49.6m Singapore-based parent company Resources Global Development restructured its holdings to comply with Indonesian laws
Fujian Highton charts new course with heavy-lift fleet push Chinese owner reveals broader ambitions after blockbuster first-half earnings
Crew abandons tanker hit by projectile in Strait of Hormuz UKMTO says authorities are investigating latest security incident off Oman
Yang Ming inks $1.2bn container ship series at Hanwha Ocean Liner operator is paying between $185m and $204m per LNG dual-fuel 13,000-teu vessel
Ocean rates weaker after tariff-driven peak season A post-peak season calm for the global container market is anything but amid a hot war in the Middle East and geopolitical uncertainty where expected tariff pressures may cool off ahead of the midterm elections. Ocean rates fell 6% on the benchmark Asia-U.S. West Coast route to $7,067 per forty foot equivalent unit (FEU) for the week ending July 17, according to the Baltic Index compiled by SONAR
AI shifts from planning to execution as manufacturers confront tariff uncertainty As tariffs, geopolitical tensions and shifting trade policies continue to reshape global manufacturing, companies are increasingly turning to artificial intelligence to evaluate sourcing decisions before disruptions ripple through their supply chains, according to executives at supply chain software provider Kinaxis . During a recent interview with FreightWaves, Fabrizio Brasca, senior vice presi
Feds plan nuke power on ships at top US container port The U.S. Department of Transportation's Maritime Administration will sign the first-ever agreement with the Port of Long Beach to test small modular reactors (SMRs) for commercial vessels and other potential uses at the port. A formal announcement is scheduled for Wednesday morning at DOT headquarters in Washington. Details haven't been disclosed, but the testing will also extend to power generat
Ocean shipping giant MSC orders next-gen 777-8 cargo jets from Boeing The cargo airline subsidiary of Mediterranean Shipping Co., the largest ocean container line in the world, on Monday ordered five next-generation 777-8 freighter aircraft from Boeing ( NYSE: BA ) while Embraer received a firm order for 20 passenger-to-freighter conversions of its E190 regional jet, the manufacturers announced at the Farnborough International Airshow in England. MSC Air Cargo laun
Remembering Alan Adler, FreightWaves journalist and mentor Alan Adler, an award-winning journalist who worked for The Associated Press, the Detroit Free Press and FreightWaves, died Friday. While at FreightWaves, Adler served as Midwest bureau chief and was a fixture in coverage of automotive, autonomy and emerging truck technologies. He created the Truck Tech newsletter and podcast, regularly interviewing industry leaders, and was a leader in reporting
Big jump in benchmark diesel price is 2nd largest since war began The benchmark diesel price used as the basis for most fuel surcharges rose this week by the second-largest amount since the start of the Iran war. The Department of Energy/Energy Information Administration average retail diesel price climbed 33.8 cents/gallon to $5.134/g, published Tuesday but effective Monday. The size of the increase is the second largest since the benchmark price rose 96.2 cts
J.B. Hunt works with Overroute to launch freight execution platform Overroute publicly launched its AI-led freight execution platform to carriers and logistics operators on Tuesday, following a year-long co-design with J.B. Hunt Transport Services. The platform leverages AI agents to automate shipment coordination. The agents read live data, detect surface exceptions and help manage customer communications-all while working within carriers' existing systems. The
More trucks, drivers put out of service as commercial vehicle crackdown expands Commercial vehicle enforcement agencies across the U.S. and Canada are continuing an aggressive push to remove unsafe trucks and unqualified drivers from the road. Recent inspection blitzes in Arizona, Nebraska and Ontario uncovered hundreds of safety violations and placed dozens of commercial vehicles and drivers out of service. The renewed inspections follow a series of recent enforcement actio
Logistics Expansion: ITE adds 20,000 chassis to intermodal platform via NACPC deal Transportation asset manager ITE Management L.P. announced the acquisition of North American Chassis Pool Cooperative, expanding its premium chassis platform to national scale with broad market coverage for intermodal customers. Privately-held NACPC of Nashville operates 20,000 chassis serving major intermodal markets across North America. The deal brings New York-based ITE's fleet to 60,000 unit
Forward Air secures deal to keep at least 50% of $250M account Forward Air said Tuesday that it will continue working with one of its largest customers, which had provided notice in May that it might pull all of its business. A non-binding arrangement with the customer will allow Forward to keep half, and potentially up to 75%, of the $250 million account. A memorandum of understanding keeps the current contract in place for at least the next two years. The
The DEF Act is half relief bill, half noise Everybody in trucking has a DEF story. A quality sensor throws a false code somewhere in Nebraska, the dash lights up, and a perfectly compliant truck starts counting down to 5 mph like it committed a crime. The load is late, the tow is $1,200, the shop can't get the sensor for three weeks, and the emissions system that was supposed to protect the air ends up stranding a safe truck on the shoulde
Private vs. Public: How ODW Logistics Navigates Growth & Strategy Summary View Transcript Paul Boothe, Chief Commercial Officer at ODW Logistics, joins FreightWaves Today to dissect the nuances of the ArcBest-Molo acquisition, the impact of cultural integration, and the evolving dynamics of the logistics market. Boothe shares insights from his decades-long career, covering the automotive sector's pivot post-COVID, the 'supercycle' in freight, and the critical r
Freight Market: July Doldrums or Goldilocks Zone? Summary View Transcript Is the freight market in a 'Goldilocks scenario'? July may be seasonally slow, but underlying conditions suggest a significant shift towards quality and contracted rates. We break down why load boards are losing market share and what this means for future rate increases. Summary unavailable. The post appeared first on FreightWaves .
70% Logistics Cost Cut? | Why Custom AI Models are the Future Summary View Transcript Every logistics company operates uniquely, so why settle for one-size-fits-all AI? Sushanth Raman, CEO of Pallet, introduces custom AI models designed specifically for individual businesses. Discover how sovereign AI slashes execution costs by 70-80%, enhances data privacy, and drives tangible ROI. Learn why owning your intelligence is critical for future supply chain succ
Trucking Market Update: Is a Strong Retail Peak Season Inbound? Summary View Transcript FreightWaves CEO Craig Fuller reports LIVE from the world's largest airshow with critical insights into the tightening freight market. Discover how international container spot rates have surged 400% and what this means for domestic trucking. We break down the quiet trucking market, strong intermodal activity, and the anticipated surge of long-haul volume from the West Coa
Exclusive: The $1 Billion Cargo Theft Network Plaguing the Supply Chain Summary View Transcript FreightWaves' Phil Brink dives into two explosive stories shaking the supply chain: a $1 billion cargo theft network exposed by the FBI, and federal crackdowns on 75 CDL training schools suspected of widespread fraud. Learn about the sophisticated methods criminals use, the implications for driver safety, and how law enforcement and brokers are fighting back. Summary unava
AI Data Center Boom: Is It an Absolute Bubble for Freight? Summary View Transcript Freight demand is split. While consumer-centric sectors like beverages and appliances struggle, industrial demand for electrical goods, data centers, and batteries is soaring, creating a unique bifurcation in the freight market. Dr. Jason Miller from Michigan State University warns the AI data center build-out could be an 'absolute bubble' mirroring past tech booms, impact
Freight Broker Data: How Your Tech Could Lead to Lawsuits Summary View Transcript Digital freight brokers relying on automation might be creating a data trail that could be used against them in court. Cassandra Gaines, founder and CEO of Carrier Assure, discusses how collected data can prove brokers knew about risks but failed to act, potentially leading to significant liability. Learn what data points matter, which to monitor, and how to protect your o
Iran's Strait of Hormuz Blockade: What it Means for Global Oil [FreightWaves] Summary View Transcript Iran's recent actions in the Strait of Hormuz, including missile strikes on oil tankers and a looming blockade, are creating a major headache for global supply chains. With 20% of the world's oil at stake, the shipping industry faces critical decisions on security and legal recourse. Nitsana Darshan-Leitner, President of the Israel Law Center, joins us to discuss the legal
Trump hits Canadian imports with new 50% tariffs, escalating trade fight President Donald Trump on Monday announced sweeping new 50% tariffs on roughly $20 billion worth of Canadian imports, reviving trade tensions with one of the largest U.S. trading partners and creating fresh uncertainty for cross-border supply chains. The Trump administration used an obscure trade authority-Section 338 of the Tariff Act of 1930-to target a broad range of Canadian products after U.
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