Op-Ed: What 1,000 OSVs taught us about offshore performance The marine offshore support sector is entering a new chapter. Operators are navigating familiar pressures including high utilization, tight supply, and rising expectations around efficiency and emissions. But the most important shift
Ship Repair USA session to examine repair yard selection challenges Selecting the right shipyard has become increasingly complex as vessel designs grow larger and more sophisticated, a topic that will be addressed at Marine Log's Ship Repair USA conference, set for June
FMD to supply Bird-Johnson propellers for 100th DDG-51 Bird-Johnson Propellers, a Fairbanks Morse Defense (FMD) company, has received an order to supply propellers for the U.S. Navy's 100th DDG-51 Arleigh Burke-Class destroyer. Bird-Johnson has been the sole provider of the
Podcast: From the shipper's seat-what energy companies expect from marine operators In this episode of Marine Log's Listen Up! podcast, we're joined by Mitch Melton, head of business development at OpenTug, an AI native marine commercial and logistics software platform. Mitch brings a
Marine Log, SNAME to host virtual event on USCG cybersecurity rules and vessel design Marine Log, in collaboration with the Society of Naval Architects and Marine Engineers (SNAME), will host a virtual event Thursday, June 4, at 11 a.m. ET focused on how new U.S. Coast
Phelan out as Secretary of the Navy On Tuesday, Secretary of the Navy John C. Phelan was front and center giving the luncheon address at the Navy League's Sea Air Space 2026 event. By Wednesday evening, he was former
Everllence: Retrofit uncertainty leaves 50GW gap in meeting IMO's GHG goals Everllence is concerned over the current viability of the IMO's 2023 GHG Strategy that aims for net-zero emissions from international shipping by or around 2050. Essentially, the company believes that the NZF
Hornbeck and Helix plan to merge Houston-headquartered Helix Energy Solutions Group Inc. (NYSE: HLX) and Covington, La.-headquartered Hornbeck Offshore Services Inc. (HOS) report that they have entered into a definitive agreement to combine in an all-stock transaction. On
Maersk introduces peak season surcharges on key trade routes Maersk has announced the introduction of Peak Season Surcharges (PSS) on multiple trade lanes as part of its efforts to maintain service reliability during periods of increased demand. The first surcharge applies to shipments from Turkey to the East Coast of South America, effective from May 1, 2026, until further notice. The measure covers all 20-foot dry containers, as well as 40-foot and 45-fo
Sea-Intelligence: Non-Alliance carriers leave Transpacific In issue 761 of the Sunday Spotlight, Sea-Intelligence analysed the share of capacity operated outside of major alliance structures on the Asia-North America West Coast trade lane. Sourced from Sea-Intelligence's Trade Capacity Outlook database, the data indicates that the share of non-alliance capacity is rapidly diminishing on the Transpacific trade lane from Asia to North America West Coast (N
Grimaldi Group adds ammonia-ready car carrier Grande Inghilterra Grimaldi Group has named and taken delivery of the Grande Inghilterra in Shanghai. The vessel is the Group's eleventh ammonia-ready car carrier. China Merchants Heavy Industries Jiangsu built the ship. It will soon begin its maiden voyage to South America and Northern Europe. The vessel follows earlier ships such as Grande Shanghai , Grande Svezia , and Grande Michigan . It offers high cargo capa
MSC updates emergency fuel surcharge on Europe, Red Sea and East Africa trades MSC Mediterranean Shipping Company has announced revised Emergency Fuel Surcharges (EFS) across multiple trade routes, citing ongoing disruption in global fuel markets driven by recent developments in the Middle East. The company said rising marine fuel prices and reduced bunker availability at key sourcing locations have increased operational costs across its network, prompting the surcharge adj
Bunker prices extend decline amid ceasefire stabilization During the week, the global bunker market remained in a downward correction phase, driven by easing geopolitical tensions following the ceasefire in the Middle East, in effect since April 8. By the end of the reporting period, the 380 HSFO index declined by a further US$ 28.2, falling from US$ 756.18/MT to US$ 727.46/MT. The VLSFO index also continued its downward trajectory, decreasing by US$ 29
Explainer: Hormuz governance regime opens a new operational layer Why the Asian shipowner-first transit pattern is not a temporary anomaly but the opening architecture of a new chokepoint governance regime
PIL and PSA launch Singapore first joint land-sea green shipping service with DNV Pacific International Lines (PIL) and PSA International have launched Singapore's first joint land-sea green value-added service for cargo transshipped through the Port of Singapore. DNV supports the initiative. The service helps shippers and cargo owners reduce Scope 3 emissions. It does this through verified carbon reductions from lower-carbon fuels across shipping, port operations, and landsid
Valenciaport records second-best container growth in history The Port Authority of Valencia handled 479,873 TEUs in March 2026, an 11.6% increase compared to the same month in the previous year, making it the second-best March on record for container traffic at Valenciaport. Total cargo throughput for the month reached 7,016,806 tonnes, a 5.23% increase year-on-year, achieved despite a challenging international trade environment. For the first quarter of 2
Rotterdam first quarter throughput broadly stable The Port of Rotterdam handled 103.0 million tonnes in the first quarter of 2026, a marginal decline of 0.7% compared with 103.7 million tonnes in the same period of 2025. The slight contraction was driven by reductions in agribulk, coal, other liquid bulk and breakbulk, while iron ore and scrap metal, other dry bulk, crude oil, mineral oil products, LNG and container volumes in TEU all recorded i
What To Know About Your Options When Debt Becomes Hard To Manage Are your monthly payments starting to feel too much, and are you thinking about what you can do calmly and smartly? Many people go through this kind of phase at some point. It does not mean you failed. It usually means life became costly, income changed, or too many bills came together at one time. The good part is that there are practical options available, and each one can help differently. Whe
APM Terminals secures concession extension in Valencia The Board of Directors of the Valenciaport Authority has approved an eight-year extension of APM Terminals Valencia's concession, conditional on a new investment commitment exceeding EUR 10 million directed toward improving the terminal's productivity, energy efficiency and environmental performance. The extension carries the concession through to 2049, reaching the maximum ordinary term of 50 ye
AD Ports Group and New York University Abu Dhabi partner on AI for smarter ports AD Ports Group has partnered with New York University Abu Dhabi to develop a high-fidelity intelligence engine for port operations. The multi-year collaboration will build and pilot a system based on stochastic AI models and spatial analytics. The goal is to improve vessel arrival predictions, optimize berth allocation, and provide emissions insights. The engine will act as a decision-support too
Iran releases footage of seized container ships in Strait of Hormuz Iran has released video footage showing the seizure of the container vessel EPAMINONDAS in the Strait of Hormuz, following an incident that has further escalated tensions in the region. Footage of the Islamic Revolutionary Guard Corps (IRGC) Navy seizing a pair of civilian container ships in the Strait of Hormuz this morning. pic.twitter.com/Y8kBCcCIzo - IRGC (@IRGC_Press) April 22, 2026 Accordin
Shipments stranded in Strait of Hormuz as security risks halt vessel movements Shipments transiting through the Strait of Hormuz remain stranded as escalating security concerns and recent attacks on commercial vessels continue to disrupt operations in the region. According to the latest update by Maersk, affected cargo includes exports from South Africa and imports destined for the country. These shipments are currently in transhipment at Jebel Ali terminal, awaiting onward
How the shadow fleet keeps outrunning its regulators As Nicaragua and Equatorial Guinea emerge as the latest registry havens for falsely flagged tonnage, a 17% quarterly surge in fraudulent registrations signals a system in acceleration not repair
India's maritime ambition: Rewriting the Bay of Bengal For decades, India watched from the shoreline as China methodically acquired port footholds across the Indian Ocean Hambantota on a 99-year lease, Gwadar as a strategic anchor, Kyaukphyu as a pipeline terminus
CMA CGM announces FAK rate increase from Asia to Mediterranean routes CMA CGM has announced an increase in its Freight All Kinds (FAK) rates as part of its ongoing effort to maintain reliable and efficient service across key trade lanes. The revised rates will apply to shipments from all main Asian ports to destinations across the Mediterranean region, including the West Mediterranean, Adriatic, East Mediterranean, Black Sea and Algeria. The new pricing structure w
JHI Steamship deepens tanker push with VLCC newbuild Greek owner JHI Steamship has stepped further into the crude tanker arena, lining up a VLCC newbuilding in South Korea as part of a wider fleet build-out. The Athens-based company has disclosed an order for a 320,000 dwt vessel at Hanwha Ocean, with delivery slated for 2029. The move adds JHI to a growing list ...
War turns sulphur market toxic in acid supply shock Global seaborne sulphur shipments have suffered a dramatic contraction in the wake of the US-Israeli military campaign against Iran, with the effective closure of the Strait of Hormuz since late February triggering the sharpest monthly declines in a decade, according to new data from Athens-based Ursa Shipbrokers. The Persian Gulf accounts for more than half ...
Asyad Shipping enters kamsarmax space with $73m bulker buy Oman's Asyad Shipping has taken its first step into the kamsarmax segment, agreeing to acquire two modern bulkers as it continues to build out its dry bulk platform. The Muscat-listed owner said it has struck a deal to buy two 2023-built 85,000 dwt vessels for a combined $72.7m, with delivery expected in the fourth quarter ...
Vessel tracker MariTrace sold The consolidation of vessel tracking firms continues apace with news today that the UK's MariTrace has been acquired by French ocean data intelligence firm SINAY. No price for the acquisition was revealed. The move builds on SINAY's earlier acquisitions of marine weather analytics provider OpenOcean in 2022 and container tracking service Safecube in 2024, with ...
Grid bottlenecks threaten to waste Europe's offshore wind boom Offshore wind capacity in Europe is expanding faster than grid infrastructure can keep up, and future annual curtailment may waste hundreds of terawatt-hours of electricity and billions in public money, according to a new report from UK energy consultancy Xodus and Subsea 7. The study, Offshore Co-Location: Batteries and Beyond for Net Zero, argues that co-located ...
Odfjell lines up four newbuilds in Japan Norwegian chemical tanker owner Odfjell is pressing ahead with its fleet renewal drive, securing four 40,000 dwt fully stainless-steel newbuildings from Japan. The Bergen-based group said it has agreed to acquire the vessels from a Japanese owner upon delivery from Kitanihon Shipbuilding, with handovers scheduled between the first quarter of 2027 and the second quarter ...
Seadrill lands $260m in drillship contracts New York-listed driller Seadrill has secured two drillship contract awards with US exploration and production company LLOG Exploration, a subsidiary of Harbour Energy. The 2014-built ultra-deepwater drillship West Neptune was awarded a 365-day contract extension, with operations scheduled to commence in September 2026. The second contract is for the 2013-built ultra-deepwater drillship West Vela.
Fred. Olsen Seawind takes full control of Scottish floating wind project Norway-based offshore wind developer Fred. Olsen Seawind has made a deal to take over Vattenfall's 50% ownership of the Muir Mhòr floating offshore wind project offshore Scotland. Fred. Olsen Seawind, an indirect wholly owned subsidiary of Bonheur, now holds full ownership of the incorporated wind farm. However, the transaction is subject to receiving regulatory approvals. ...
Hormuz becomes frontline in 'weaponisation of trade' The head of the International Maritime Organization (IMO) has issued a warning over the deteriorating security situation in the Strait of Hormuz, after Iran's Revolutionary Guard Corps fired on three containerships and seized two of them in a single day, with the US responding today, seizing three tankers according to Reuters in operations far away ...
Ammonia gains momentum across East Asia The race to solidify ammonia as the maritime industry's premier zero-carbon fuel has shifted into high gear this week, with major breakthroughs announced in both Japan and South Korea. At the Sea Japan 2026 exhibition in Tokyo, ClassNK issued a world-first Approval in Principle (AiP) for an ammonia-fuelled panamax bulk carrier (pictured) featuring an IMO ...
Why the ship recycling debate needs a reality check Dr Anand Hiremath, the CEO of the Sustainable Ship and Offshore Recycling Program, on demo capacity, compliance and credibility. The ship recycling debate is entering a critical phase. With a major wave of vessels approaching end of life, the question is no longer whether standards should improve. They must. The real question is whether the ...
Further IMO delay a 'worst-case scenario' for liner companies, warns WSC's Simon Bergulf The IMO must not 'throw away a decade of negotiations' by mothballing its green agenda in response to backlash over...
Hormuz transits dry up following spate of attacks and seizures Several attacks and claimed seizures of vessels by the IRGC have dissuaded shipping from transiting the chokepoint, while the US...
Crisis, what crisis? All-in vessel insurance costs flat in first quarter Elevated war risk premiums apply only to Middle East Gulf calls
Costamare orders 16 boxships for charter to Cosco Greece-based owner inks orders for 9,200 teu and 3,100 teu units worth more than $1.5bn with two Chinese builders
Tanker sale-and-purchase activity bounces back while sellers hold firm on pricing While sales activity has been strong, high spot freight rates mean some shipowners are less keen to sell their ships...
Baltic Exchange decides against suspending Middle East Gulf indexes After consulting with index users and panellists, the Baltic Exchange will continue pricing Middle East Gulf freight indexes as before...
Indonesia walks back proposal of Malacca Strait toll As fears grow over the spillover of Iran's closure of Hormuz, the global spotlight has shifted toward the Strait of...
Houthis have discussed implementing Red Sea tolls, says UK security firm As freedom of navigation erodes across the Middle East, intelligence warnings point to Houthi plans to formalise control over Red...
Middle East port update: Thursday, April 23 Bahrain International Airport is now operational with limited flight services
Hormuz crisis drives up Panama Canal delays and auction prices The Hormuz crisis has taken a lot of cargo volume out of the market, but it has also spawned inefficiencies...
The Daily View: Place your bets on length of Hormuz disruption
Daily Briefing Shadow fleet tankers disrupted, but not completely deterred by US blockade on Iran | Iran claims seizure of two MSC-operated...
Container shipping faces blank sailings, falling demand from prolonged Iran war The conflict could also spur increased spending on ports and landside infrastructure in the Middle East as investors seek to develop alternative transport solutions to avoid areas that have been closed or heavily impacted by the hostilities, executives said Thursday on a pair of webinars.
Soaring truck rates power major rebound in domestic intermodal volume The jump in domestic intermodal volumes shows how quickly freight can move to rail when truckload pricing increases, but whether that shift sustains depends on how railroads handle the surge in cargo.
Rerouted Middle East hazmat containers spark safety concerns at Indian ports Ocean carriers are unable to evacuate the containers quickly due to operational restrictions and/or landside constraints at alternative ports of discharge in the United Arab Emirates and Oman.
Antwerp-Bruges Q1 container volumes dip on poor weather, labor unrest But the port still bested Rotterdam, normally Europe's busiest box port, though neither gateway said it experienced much disruption in the quarter from the war in the Middle East.
NY-NJ updating port tariff to combat rising backlog of empty boxes The Port Authority of New York and New Jersey is revising the excess empty container fee in place since 2023 as off-dock depots become the focal point of trucker ire.
Oceaneering's upgraded research ship stacks up contract wins as it does the 'work of two boats' Customers 'excited' about upgraded vessel's simultaneous work capabilities, chief executive says
Shipping leaving gains on the table by sitting on unused cargo data, says Martin Stopford Economist says better use of existing information could unlock pricing and efficiency gains
US shipbuilding group finds ally in key Trump aide to give Ships for America bill new momentum But complex legislation to revitalise American shipbuilding and add hundreds of US-flag vessels still faces political hurdles
EU's new Russia sanctions package leaves out maritime services ban Delayed package of measures includes ship designations and port bans coupled with a loan for Ukraine
Greek bulker firm M/Maritime branches out into boxships with debut order John Mytilineos-backed firm also strengthens its core Japanese bulker fleet with long-term newbuilding charters
Greece pays fuel subsidies to ferry firms facing rising bunker bills from Iran war Athens to disburse at least €55m to coastal shipping operators
The kings of shipping and commodities - as only Hardo sees them 'Anonymous' artist Hardo will unveil his latest shipping-themed work for TradeWinds readers in New York in May
Stephenson Harwood promotes three new partners to strengthen shipping team Appointments split between London and Paris
Baltic Exchange members vote against changes to Middle East tanker indices Just over half of respondents to Baltic consultation want pricing benchmarks to remain unchanged, despite Hormuz disruption
US Navy boards another Iranian tanker in Indian Ocean Latest incident part of a string of interceptions the US has said to have made in recent days
US Strait of Hormuz insurance scheme to come with strings attached, says lead underwriter Chubb CEO Evan Greenberg details restrictions for a scheme aimed at getting shipping moving through the Strait of Hormuz
Hornbeck merging with Helix Energy to create $4bn offshore shipping giant Louisiana owner's name will survive as it takes over Helix's New York listing to boost industry reach
Top two bosses at tanker owner James Fisher split £2m share award CEO Vernet and finance chief Hayzen-Smith pocket a mix of bonus and incentive stock
Several hundred vessels dive into Titan's 2025 FuelEU pool to seek compliance Pooling will be 'a shipping trend to watch', fuel supplier says
Greek owner Petrochem moves into the big leagues with debut order and secondhand dealmaking Yiannis Peroyannakis-led firm discloses orders for suezmaxes and acquisitions of LR1 carriers
Firefight off Somalia as ship attacked by armed men on fishing boat Piracy incidents off Somalia have been ticking up in recent months
Five crew still missing after body found inside capsized US offshore vessel Search continues for any survivors after typhoon in the Pacific
Shipping stocks rise as tanker owners rebound Chemical tanker owners lead gains
Clearing Iran's Strait of Hormuz mines could take six months, US defence officials tell lawmakers Iran may have laid as many as 20 mines and could have lost track of some
Iran nets first Strait of Hormuz toll payments, Tehran says Revenue has been deposited with the the country's central bank, reports say
dship Carriers and NSB Group set up new ship management firm for newbuilding fleet Joint venture will oversee full management of six multipurpose vessels
Petros Panagiotidis to bank $17m from Toro Corp's one-off handout Cyprus-based owner is distributing more of its big cash pile
Costamare tied to $1.32bn container ship order using Chinese currency The Greek company is said to have ordered 12 vessels against charter contracts from Cosco Shipping Lines
Mercuria gets tankers out of Gulf, but boss Marco Dunand is not saying how Major traders say they have not paid Iranian tolls in Strait of Hormuz
Gail (India) deploys newly time-chartered LNG carrier to ship US cargo Rate talk emerges for five-year fixture
Union Maritime joins forces with Kenneth Fjeld for major offshore shipping push Laurent Cadji-led tanker and bulker power eyes West African and South American business
IMO chief slams risk-taking owners taking ships into Middle East war zone Nearly 20,000 seafarers remain stuck in the region with a double blockade on shipping through the Strait of Hormuz
Kongsberg Maritime shares begin trading in Oslo after parent spin-off The company is aiming for a greater focus on the maritime segment
Asyad breaks into kamsarmaxes with $73m swoop on Seacon bulkers Omani owner expands dry cargo fleet to keep pace with growing demand
Wars and trade turmoil push Danish CEOs to step up contingency planning Danish Shipping survey shows that even as markets may have improved, confidence is lacking
'Historic' first cargo leaves QatarEnergy and ExxonMobil's Golden Pass LNG US shipment bound for Europe
Bureau Veritas cements Singapore presence with new offshore centre One-stop shop created as French class society drills down into offshore markets
GTT sees no 'significant delays' to newbuilding deliveries from Middle East conflict Company split into two distinct divisions under new CEO
Iran releases video showing capture of MSC ship in Strait of Hormuz Greek-owned vessel was one of two container ships intercepted on Wednesday
DNB shipping loan book falls as crude tanker portfolio drops Total shipping lending was $4.1bn at end of first quarter
Eastern Pacific Shipping sees wind of change in Singapore Newest tanker in fleet of major owner is its first with hi-tech wind sails installed during newbuilding phase
US forces use 'global reach' to chase down Iranian tankers from Middle East to Asia US Navy escorting Iranian VLCC after attempt to run blockade
Rising oil and gas prices add complexity to IMO talks, says new MOL boss Jotaro Tamura believes the path to net zero will be complicated
Sinokor Maritime tankers pile up on either side of Strait of Hormuz as US 'blockade' continues South Korean operator has nine ships in the Middle East Gulf
Veteran shipping man blasts banks that are too scared of geopolitical risk to fund shipping Seafin managing director warns banks that don't realise volatility creates opportunities will miss out on today's shipping boom
First look: Covenant flags March rebound after soft Q1 earnings Covenant Logistics Group reported weaker-than-expected first-quarter 2026 earnings as severe winter weather and higher fuel costs weighed on performance, though improving freight trends in March point to a potential rebound. The Chattanooga, Tennessee-based truckload and logistics provider posted net income of $4.4 million, or 17 cents per diluted share, down from $6.6 million, or 24 cents per sh
Sam's Club rolls out 1-hour express delivery option Sam's Club has introduced a one-hour delivery option for online shoppers, expanding on its previous three-hour delivery window as part of Walmart's strategic push to catch up to Amazon in e-commerce sales. The membership retail club began offering ultra-fast delivery from its 600-plus stores on April 2 after an initial trial run in select markets and has fulfilled nearly 65,000 deliveries so far,
Why truckers should care about DOL's latest proposal on joint employers The Department of Labor's (DOL) proposed rule on joint employer status, released Thursday into the Federal Register , revives an effort hanging over from the first Trump administration to create a framework for when a worker can be seen as effectively having two employers. Given the level of subcontracting that goes on in trucking, it's a proposal that has the potential to become an issue when a
Truck Parking Club surpasses 5,000 locations nationwide Truck parking is a nationwide problem. The shortage took one step closer to resolution Thursday as Truck Parking Club announced it has surpassed 5,000 locations nationwide. The Chattanooga-based company's growth is parabolic. Founded in November 2022, it took 366 days to reach its first 100 locations. The jump from 4,000 locations to 5,000 took just 81 days. This is part of an ambitious plan to d
Losses narrow at Heartland Express as market shifts Truckload carrier Heartland Express saw losses narrow again in the first quarter. The North Liberty, Iowa-based company reported a net loss of $4.8 million, or 6 cents per share. A 101.3% adjusted operating ratio (inverse of operating margin) was 580 basis points better year over year, and 30 bps better than the seasonally stronger fourth quarter. Heartland ( NASDAQ: HTLD ) has reported sequentia
Werner doubles down on Mexico with asset-based intermodal expansion The cross-border freight market between the United States and Mexico is entering a new chapter, and Werner is positioning itself at the center of it. The Omaha-based carrier is scaling an asset-based intermodal service into Mexico, deploying Werner-owned containers and leveraging nearly three decades of cross-border operational expertise to meet what its leadership sees as a structural shift in N
Knight-Swift says shippers already seeking peak-season capacity Knight-Swift Transportation anticipates significant contractual rate hikes during the current and upcoming bid cycles as the freight market emerges from a nearly four-year downturn. Strict regulatory enforcement and the recent fuel price shock are driving non-compliant and underperforming operators out of the market. Even without a notable pickup in demand, supply constraints have been severe eno
United Airlines to impose 'market disruption' surcharge on cargo Cargo customers at United Airlines will be assessed a "market disruption fee" starting May 1 designed to help offset the rising cost of jet fuel and a variety of other operating expenses triggered, or exacerbated, by the Iran war. The move preceded earnings results that show a surprising decline in United's cargo revenue during the first quarter. United Cargo (NASDAQ: UAL) last week notified ship
Humble Robotics raises $24M for cabless hauler Autonomous trucks have come from humble beginnings, but one thing most of them retain is a cab made for humans. One San Francisco-based startup is looking to change that and has redesigned the cabless truck from the ground up. Humble Robotics emerged from stealth Tuesday and announced that it had raised $24 million in seed funding to create a new take on the tractor-trailer combo. The round was l
FreightWaves launches Market Monitor Today, FreightWaves announced the launch of Market Monitor, a new self-serve freight market dashboard that delivers live SONAR indices, AI-written interpretations, and a curated daily briefing in one place. Market Monitor is available now at getfreightdata.com , with no sales call required to get started. Market Monitor was built on a simple observation: not every freight professional has an anal
Ryder first look: strong quarter in used tractor sales While Ryder management has been trying to restructure the company for years-successfully-so it was not as dependent upon vehicle leases and rentals, as well as the used vehicle sales that accompany that, the first thing management pointed to in its earnings report for the first quarter was the strength in the secondary market as a reason for a reasonably healthy performance. In its earnings state
First look: Union Pacific Q1 earnings Union Pacific on Thursday reported adjusted net income of $1.7 billion, or $2.87 per diluted share in the first quarter, up from $1.6 billion, or $2.70 per share, in the year-ago period. "Our safety, service, and operating momentum continued in the first quarter as we further challenged 'what's possible' from our great railroad," said Jim Vena, Union Pacific (NYSE: UNP ) chief executive, in a sta
PlusAI terminates SPAC deal with Churchill Capital IX PlusAI and Churchill Capital Corp. IX announced Tuesday the termination of their previously announced SPAC-backed business combination. According to a PlusAI announcement, the termination of the merger between the autonomous truck technology maker and the SPAC was due to market conditions. In the announcement, PlusAI was optimistic, noting that it continues to show significant commercial momentu
USMCA review tests China's role in Mexico supply chains As the 2026 review of the United States-Mexico-Canada Agreement (USMCA) approaches, increasing Chinese investment and manufacturing activity in Mexico is reshaping North American supply chains - and raising new questions about trade compliance, tariffs and the future of cross-border freight. Jorge Gonzalez Henrichsen, co-CEO of The Nearshore Co., said the narrative that China is using Mexico as a
Where control is lost in modern cargo theft In Episode 3 of the Fraud Watch podcast , I sat down with Ryan Kiefer , Lead Specialty Investigator with the Special Investigations Group at Travelers, to walk through what actually happens when freight goes missing. His team gets involved once a problem surfaces, which means the focus is no longer prevention. It is about figuring out what happened, where control changed, and whether there is sti
CSX sees stronger first-quarter earnings as costs fall, volume rises CSX (NASDAQ: CSX ) reported stronger first-quarter earnings thanks to a combination of lower costs and higher volume and revenue. "I'm pleased with the strong start to the year that our railroaders have delivered. We made great strides in safety and managed through weather challenges," Chief Executive Steve Angel said on the railroad's earnings call Wednesday. "And we advanced our efforts to impr
Intermodal rebounds in latest rail data Freight on U.S. railroads totaled 508,303 carloads and intermodal units, up 2.5% for the week ending April 18, and pushing year-to-date traffic narrowly ahead of 2025 levels. Total carloads came 230,749, up 3%, while intermodal volume was 277,554 containers and trailers, up 2.2% percent compared to the same week in 2025. Eight of 10 carload commodity groups gained, posted an increase compared wit
Improved forecast for Manhattan Associates in 2026 helps lift battered stock price Manhattan Associates, a leading supply chain software provider, signaled that its fortunes may have reversed in disclosing a strong first quarter financial performance. The company's revenue for the first quarter was $282.2 million, up from $262.8 million in the first quarter of 2025. Bottom line earnings were improved slightly, coming in at $1.24 per share on a non-GAAP basis, compared to $1.19
Tesla says mass production of electric Semi to begin this year Tesla said its long-awaited Class 8 truck, the Tesla Semi, will begin volume production later this year, a milestone CEO Elon Musk framed as part of a broader manufacturing and AI investment cycle. Speaking during Tesla's Q1 earnings call, Musk said the company will "begin production of our semi-truck soon," cautioning that output will ramp slowly at first before accelerating later in the year an
Einride files for $1.35B Nasdaq listing while scaling Amazon electric fleet Einride, an autonomous technology and electric truck maker, announced two milestones this week. The first is a collaboration with Amazon to use its electric trucks. The other is the filing of a registration statement on Form F-4 with the U.S. Securities and Exchange Commission. Einride filed the registration statement with special purpose acquisition company Legato Merger Corp. III on Wednesday.
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