USCG icebreaker Healy suffers "significant engineering casualty" The Coast Guard says that the medium polar icebreaker CGC Healy (WAGB 20) experienced a significant engineering casualty while operating northwest of Port Angeles, Wash. There were no reported injuries. On July
Vigor Marine Group, Samsung Heavy Industries to develop advanced maritime training center Vigor Marine Group (VMG) and Samsung Heavy Industries (SHI) have announced their intent to develop an advanced training center focused on maritime trades in the Pacific Northwest. Announced at yesterday's launch of
Fincantieri delivers Explora III, third of six ships for MSC Group's luxury cruise brand Explora Journeys, MSC Group's luxury ocean travel brand, yesterday celebrated the delivery of Explora III at Fincantieri's Sestri Ponente shipyard in Genoa. The vessel is the third ship of the six vessels
Gunderson Marine & Iron names Tom Lee its new president Portland, Ore.-based Gunderson Marine & Iron (GM&I) has appointed Tom Lee as president. Dee Burch will continue to lead the company's long- erm strategic vision, customer relationships, and future growth initiatives in
Conrad and Samsung Heavy get ABS AiP for LNG bunkering barge design Morgan City, La.-headquartered Conrad Shipyard and Samsung Heavy Industries have marked a significant milestone in their collaboration on LNG bunkering projects: they have received a jointApproval in Principle (AiP) from ABS for
Port of Coos Bay secures US$25 million INFRA grant for ship-to-rail terminal The Oregon International Port of Coos Bay has executed a US$25 million Infrastructure for Rebuilding America (INFRA) grant agreement with the US Department of Transportation, advancing the Pacific Coast Intermodal Port (PCIP) project. The agreement follows approval by the Port's Commission and marks another milestone for the proposed ship-to-rail container terminal. NorthPoint Development, the pr
First phase of Yangtzekanaal widening completed at Port of Rotterdam The Port of Rotterdam Authority has completed the first phase of the Yangtzekanaal widening project and started work on the next stage of the development. The first phase included the construction of a new 500-metre tugboat quay with 12 berths and shore power facilities. The work also widened the southern side of the Yangtzekanaal over the same distance. The second phase is now underway. It inclu
UK's first carbon capture network begins offshore construction at Port of Hartlepool The Northern Endurance Partnership (NEP) has launched the offshore construction campaign for the UK's first carbon dioxide transportation and storage network at PD Ports' Port of Hartlepool. The project is being delivered with Saipem. It will build the infrastructure needed to transport captured carbon emissions from industries across Teesside and the Humber for permanent storage beneath the Nort
Mutual shipping choking in Black Sea The war in the Black Sea has entered a new and more dangerous phase, one in which Russia and Ukraine are no longer merely attacking each other's ports and pipelines but are actively degrading each other's commercial shipping at the same time
Maersk updates AC1 and AC2 services linking Asia with Latin America Maersk has announced updates to its AC1 and AC2 services connecting Far East Asia with the West Coast of Latin America, aiming to strengthen network coverage and improve service options for customers. The revised services will be introduced in August 2026. AC1 service revised The updated AC1 service will connect Shanghai, Yokohama, Lázaro Cárdenas, Manzanillo (Mexico), Buenaventuraand Balboa. The
K Line raises FY2026 earnings forecast on stronger dry bulk and container markets Kawasaki Kisen Kaisha (K Line) has raised its consolidated earnings forecast for the fiscal year ending 31 March 2027, citing continued strength in the dry bulk market and improved expectations for its container shipping business through Ocean Network Express (ONE). The Japanese carrier now expects operating revenue of ¥1.07 trillion, up from its previous forecast of ¥1.02 trillion. Operating inc
ONE updates US East Coast 3 service rotation Ocean Network Express (ONE) has announced an updated port rotation for its US East Coast 3 (EC3) service, while maintaining direct calls at North China ports. The revised EC3 rotation will be: Xingang - Qingdao - Busan - Ningbo - Laem Chabang - Cai Mep - Singapore - Colombo - Cape of Good Hope - New York - Jacksonville - Savannah - Charleston - Manzanillo (Panama) - Xingang. The updated rotation
Maersk revises PSS and Emergency Contingency Surcharges on key trade lanes Maersk has announced new Peak Season Surcharges (PSS) for shipments from Far East Asia to Saudi Arabia, North Europe and the Mediterranean. The carrier has also revised its Emergency Contingency Surcharges (ECS) for exports from Oman and the United Arab Emirates. The new charges will take effect between 1 August and 10 August 2026, depending on the trade. New PSS for Saudi Arabia From 10 August 2
The Houthi warning testing Saudi oil exports An email warning vessels against calling at Saudi Arabian ports has put millions of barrels of the kingdom's exports under a shadow and revealed how far the threat now reaches
Hapag-Lloyd updates South America East Coast service rotation Hapag-Lloyd has announced changes to the port rotation of its South America East Coast (SEC) service to improve schedule reliability. Under the revised rotation, Salvador, Brazil, will be removed from the service, while the seasonal call at Montevideo, Uruguay, will end following the conclusion of the citrus export season. The updated SEC rotation will be: New York - Philadelphia - Charleston - J
Maersk updates fuel surcharges across multiple markets Maersk has announced new fuel surcharge updates for inland transport in Greece, Cyprus, North Macedonia and India. The changes follow higher fuel costs caused by the ongoing situation in the Middle East. The revised surcharges will take effect between 24 July and 27 July 2026, depending on the market. Weekly review for European markets Maersk will replace its monthly fuel surcharge review with a
CMA CGM raises FAK rates and introduces PSS for Middle East and Red Sea trades CMA CGM will introduce new Freight All Kinds (FAK) rates and a Peak Season Surcharge (PSS) on shipments from the Mediterranean and North Africa to the Middle East Gulf and Red Sea, effective 1 August 2026. The new rates will apply to dry cargo and paying empty containers loaded from Mediterranean main ports until further notice. New FAK rates For shipments to the Middle East Gulf, CMA CGM set FAK
CN and Union Pacific sign agreement to preserve competition in Norfolk Southern merger CN and Union Pacific have signed a binding Memorandum of Understanding (MoU) that would expand CN's access to key rail markets and preserve customer competition if Union Pacific's proposed acquisition of Norfolk Southern receives regulatory approval. The agreement establishes a framework for CN to secure competitive access in areas where the merger would reduce the number of Class I rail operator
Port of Tyne continues clean-up after plastic pellet spill The Port of Tyne has activated its emergency response plan following the plastic pellet (nurdle) spill caused by Sunday's collision between the Wind Orca and the berthed container vessel BG Orange. The accident also caused the collapse of a quayside gantry crane, leaving one person with non-life-threatening injuries. The Port said the area remained inaccessible until specialists secured the damag
Port of Rotterdam reports stable first-half throughput despite global uncertainty The Port of Rotterdam handled 212.0 million tonnes of cargo in the first half of 2026, a 0.4% increase compared with the same period last year, as higher bulk volumes offset weaker container and breakbulk traffic. The port said geopolitical tensions, including the closure of the Strait of Hormuz, increased uncertainty and energy prices, but the diversity of its cargo flows helped maintain stable
MSC widens lead over Maersk as global carrier rankings shift MSC strengthened its position as the world's largest container shipping company in 2025, widening the gap over rival Maersk through another year of aggressive fleet expansion that outpaced every other major carrier. According to the DynaLiners Trades Review 2026 , MSC ended the year operating 971 containerships with a total fleet capacity of 7.136 million TEU , having added approximately 832,000
Maersk expands contingency measures as Middle East disruption continues Maersk has expanded its contingency measures across the Middle East as regional instability continues to disrupt shipping and logistics operations. In its latest Middle East Operational Update 40 , the carrier said it is taking additional steps to protect cargo, maintain network stability and support customers through alternative transport solutions as the situation remains highly volatile. Landb
Port of Bilbao posts strongest first-half growth in more than two decades The Port of Bilbao handled 17.3 million tonnes of cargo during the first half of 2026, marking its strongest year-on-year growth at the start of a year since 2004. Total traffic reached 17.32 million tonnes, up 12.3% compared with the same period last year. The increase was driven mainly by liquid bulk cargo, including crude oil and natural gas, as well as higher container volumes. Although sever
DSV raises 2026 outlook as Schenker integration boosts earnings DSV reported higher earnings in the second quarter of 2026 despite geopolitical uncertainty and volatile market conditions. The logistics group also narrowed its full-year earnings guidance as the integration of Schenker continues to deliver synergies. Second-quarter revenue increased to DKK 76.7 billion from DKK 62.0 billion a year earlier. EBIT before special items rose 32.5% to DKK 6.3 billion
Tiryaki Agro signs MoU to explore development of Djibouti's Tadjourah Port Tiryaki Agro has signed a Memorandum of Understanding (MoU) with the Djibouti Ports and Free Zones Authority (DPFZA) to explore the long-term development of the Port of Tadjourah. The agreement marks the first step towards a potential modernization and future operation of the port. It also supports Djibouti's ambition to strengthen its position as a regional trade and logistics hub. Under the MoU
Drewry World Container Index declines for second consecutive week The Drewry World Container Index (WCI) fell for the second consecutive week, declining 4% to US$4,374 per 40ft container. The decrease was driven by weaker freight rates on the Asia-Europe and Transpacific trade lanes. Drewry said increased vessel capacity and easing demand continued to put pressure on spot rates. Transpacific rates fall Spot rates from Shanghai to Los Angeles fell 6% to US$5,878
GEODIS deploys electric delivery vehicles in Vietnam GEODIS has launched an electric vehicle (EV) delivery solution in Ho Chi Minh City, expanding its low-carbon logistics operations in Vietnam. The initiative supports the company's decarbonisation strategy and Vietnam's transition towards lower-emission transport. GEODIS will use the VinFast EC Van 2026 for last-mile B2B and B2C deliveries serving customers in the luxury and retail sectors. Accord
Port of Long Beach and MARAD partner on nuclear-powered maritime technology The Port of Long Beach has become the first US port to sign a Memorandum of Cooperation (MOC) with the US Maritime Administration (MARAD) to support the development of small modular reactor (SMR) technology for the maritime sector. The agreement aims to advance the use of nuclear-powered commercial vessels, port infrastructure and other maritime assets. According to the Port, it is the first form
EU moves to approve first Indian ship recycling yards The European Commission has proposed adding two Indian facilities to its approved ship recycling list, potentially ending a decade-long exclusion of South Asian yards from the European regime. The move would mark the first time that recycling facilities in India have been admitted to the European List of Ship Recycling Facilities, although the updated list ...
Adani cuts capesize arm with $37.5m deal India's Adani Shipping has started pruning its capesize fleet, selling the 2012-built Aashna to Chinese buyers for approximately $37.5m. Brokers had initially circulated the 179,500-dwt Aashna and its sistership Aanya as an en-bloc transaction worth around $75m. However, Splash understands that only the sale of Aashna has been completed, with Aanya remaining on the market. ...
POSH lands long-term Gulf contract Singapore offshore vessel operator PACC Offshore Services Holdings has secured a long-term subsea diving services contract in the Arabian Gulf. The Kuok Maritime Group company will deploy the POSH Mallard to provide saturation and air diving services for upcoming offshore developments, supported by a remotely operated vehicle.POSH did not disclose the client, contract value, commencement ...
Splash Wrap: Triple-pronged war threat Shipping's exposure to geopolitics intensified this week, with the industry confronting simultaneous threats in Hormuz and the Red Sea, renewed attacks on Black Sea trade and a tariff reset. The Strait of Hormuz remained the industry's greatest immediate concern. Fourteen Iranian attacks on commercial vessels have been recorded since June 25, while average tanker movements ...
Chinese yard to turn semisub into floating accommodation unit Shanghai-based Huarun Dadong Dockyard has secured a contract for the Sparta retrofit project, which will convert a semisub rig into a 600-person floating accommodation rig, marking one of China's more substantive rig-conversion projects in recent years. The yard signed the deal with Hong Kong-based China Merchants Harbour Engineering. The 2010-built 6th-generation deepwater drilling rig, built by
US attack threat raises stakes for Gulf and Red Sea shipping The shipping crisis straddling the Strait of Hormuz and Red Sea entered a more dangerous phase on Friday as Washington weighed a major escalation against Iran, oil slicks spread towards two Gulf islands and the legal consequences of sending crews through active war zones began to surface. Washington is rife with conjecture that the Trump ...
Worley to advance Dutch North Sea carbon storage project Australian offshore engineering company Worley has been selected by Petrogas to deliver the pre-front-end engineering design (pre-FEED) for the Abeona CCS project in the Dutch North Sea. The Abeona project will develop a CO2 transport and storage solution for hard-to-abate industrial emitters in the North Sea Canal Area and regions in the Netherlands. The development ...
China smashes ship orders record in first half Chinese shipyards booked more new tonnage in the first half of 2026 than during any previous full year, tightening their grip on the global order market. New contracts totalled 121.06m dwt between January and June, up 173.1% year on year and equal to 82.3% of global ordering on a deadweight basis, according to China's Ministry ...
Failed containership cocaine drop lands 11 convictions Eleven people have been convicted over a failed attempt to retrieve 500 kg of cocaine dropped into the English Channel by accomplices onboard an unidentified containership. The drugs, valued at £40m ($54m), were thrown overboard around 40 nautical miles south of the Needles, west of the Isle of Wight, in August 2024. A recovery team ...
Dynagas wins reprieve in latest EU sanctions package The European Union has added another 41 vessels to its Russian shadow fleet blacklist while granting Greek shipowner Dynagas a temporary reprieve from restrictions on carrying Russian LNG to countries outside the bloc. The new listings take the number of sanctioned ships to 673. They include non-EU tankers accused of circumventing the G7 oil price ...
Belgium rewrites rules for delayed offshore wind auction Belgium has approved a revised framework to relaunch the tender for PEZ 1 in the Princess Elisabeth Zone, clearing the way for a new offshore wind round after the previous process was halted last year. Energy minister Mathieu Bihet said the government paused the earlier tender in July 2025 because key conditions were missing, including ...
Trump tariff reset clouds liners' post-peak season Donald Trump has imposed a fresh round of double-digit tariffs on 60 trading partners just as this year's unusually early US container peak season begins to fade. The duties, introduced under Section 301 of the Trade Act, replace temporary worldwide tariffs that expired on Friday. Imports from 18 economies, including the UK, India, Canada and ...
Korean yards roll out US projects as Lutnick demands ships, not MOUs On Thursday, South Korea's leading shipbuilders unveiled a wave of US partnerships covering naval vessels, LNG bunkering ships, smart yards and workforce training as Washington opened the operational centre for its $150bn shipbuilding alliance with Seoul. The Korea-US Shipbuilding Partnership Center opened in Washington on Thursday as the headquarters for the Make American Shipbuilding Great ...
China launches largest hydrogen-powered inland cargo ship China has launched its largest hydrogen-powered inland cargo vessel as developers move beyond demonstration projects towards a commercial network of zero-emission ships across the Pearl River basin. The 2,000-tonne Yun Tao No 1 entered the water at Zhaoqing in Guangdong province earlier this month. The vessel was developed by Guangdong Yuntao Hydrogen Energy Technology with ...
Next chapter in Trump tariff saga: new levies with more to come The Trump administration has put a more legally defensible tariff baseline in place. The next step is to layer on...
The Daily View: Not quite your summer airport bestseller
TEN takes delivery of shuttle tanker for long-term charter to ExxonMobil Samsung-built suezmax named Anfield DP in tribute to Liverpool football club
Pay up front and sort out underperformance claims later, charterers told Even valid claims do not necessarily confer right to withhold hire
Shipowners avoid Ukraine's Black Sea ports after deadly attacks Russia and Ukraine have traded attacks on shipping in recent weeks, with 10 seafarers killed on one vessel earlier this...
EU sanctions 41 more vessels and confirms LNG exemption The bloc's 21st sanctions package lets European shipowners transport Russian LNG to third countries for another year
Shadow tankers and sanctioned boxships boost recycling volumes as India maintains lead India's ship recycling industry has received a regulatory boost after the European Commission proposed adding two Indian yards to the...
India enacts nurdle crackdown after MSC Elsa 3 spill Kerala state government seeking billion dollar-plus compensation after huge spill last year
China establishes new conduit for shipping and economic co-operation with Greek market Liaison office in Piraeus launched for Shanghai Pudong Service Center for Overseas Investment
Panama hails collapse in Chinese ship detentions as relations thaw Detentions have returned to normal levels as Beijing and Panama move to renew their maritime agreement despite unresolved tensions over...
Lloyd's Market Association wording excludes Hormuz toll payments Under the model wording, insurers will not cover fees, tolls or other payments made to facilitate passage through Iranian waters
Trump passes Hormuz and Red Sea bill on to Iran as crude choke continues Tanker markets brace for greater volatility in the Middle East as crude oil futures rise beyond $100 per barrel on...
Two Cosco VLCCs transit Bab el Mandeb after securing Houthi clearance The Red Sea corridor remains open at least for outbound Chinese tankers, even as the Houthi blockade continues to choke...
Daily Briefing Chinese VLCC granted Houthi passage as militia tightens Saudi blockade | Tanker hit as Houthis launch attacks on Saudi-linked vessels...
US logistics hub network gets federal funding boost The funding will spur local infrastructure development at three of the 36 logistics hubs that the TradePort Corridor System aims to connect.
US imports set to push spot truckload rates higher in August Spot truck rates from US ports are running slightly higher than national average prices, but the gap could grow in August as more imports flow inland.
Keeping intermodal service reliable is key to 2027 bids Intermodal train speeds in June were down compared with a year ago for all North American railroads except for Canadian Pacific Kansas City.
Factoring company acquisition aimed at better equipping small truckload carriers BasicBlock's deal for carrier dispatch and load board provider TrueNorth signals that owner-operators and small fleets need technology to find profitable loads.
Wavelength podcast: The expanding theatres of war Plus, the good news as European ETS revamp offers shipping more carrots than sticks
Insurance shortfall hampers salvage of sanctioned tanker leaking oil off Oman Sanctioned suezmax is grounded on an island off Oman and reported to be leaking oil
Open or not? Fresh statement from Houthis further muddles shipping map Militants claim "there is no closure" of key Bab al-Mandab strait
Chinese VLCCs showing deeper mystery draughts as ships navigate new Houthi threat At least three tankers made abrupt changes to their AIS broadcasts near the Middle East
Carbon capture at sea boosted by successful trial Project passes regulatory milestones on two fronts
Lightship Derivatives CEO exits after 18 months Alex Pereira has helmed the derivatives arm since it began operating
Trump: Iranian funds will pay for new ship damage as Middle East attacks escalate Tehran warns of 'chaos' if US uses frozen assets to pay for casualty damage
Biggest EU sanctions package in four years targets managers linked to seized tankers Package includes first sanctions for crew manager of shadow fleet vessels
Freight rates fall as US tariff changes threaten post-peak container demand With US importers having frontloaded cargo ahead of new tariff measures, container freight rates are coming under pressure
Atlas Maritime and EMF land 'record' charter rate for car carrier newbuilding Partners fix out 7,000-ceu vessel at $80,000 per day to Chinese operator
Top UK court gives ship buyers more protection in row over failed bulker sale Supreme Court backs earlier judgment in Lila Lisbon case
Russian attacks force Maersk to halt feeder operations at Ukrainian port Danish carrier halts services via Ukraine as operational challenges intensify in the Black Sea region
Shipping's $100-per-barrel 'two-chokepoint problem' boosts tanker stocks Bab el-Mandeb situation is not sustainable, Arctic says
Fake-flag kingpin targeted in fresh Russia sanctions salvo Experts say Suniel Kumar Sharma has been linked to fake ship registrations from more than 10 flags
Genco advisers talk price and terms with Diana Shipping as stand-off on value remains US dry bulk owner says talks continue over improved terms while urging shareholders to reject tender offer
Wisdom Marine confirms cancellation of $70m newbuilding project The order had secured board approval in March last year
Samsung Heavy joins widening South Korea-US bilateral shipbuilding partnership Agreements unveiled in Washington point to a growing industrial partnership
Feeder shipping at a crossroads as owners grapple with ageing tonnage Rising compliance demands and a growing need for efficiency is forcing operators to rethink long-term fleet strategies
Genco advisers talk price and terms with Diana Shipping as standoff on value remains US dry bulk owner says talks continue over improved terms while urging shareholders to reject tender offer
Wisdom Marine confirms cancellation of $70m newbuildings project The order had initially gained board approval in March last year
Turkish owner sells bulker to up-and-coming shipowner in agricultural trade Ince Denizcilik disposes of 14-year-old vessel as part of fleet renewal plans
Tokyo Century ultramax sale shows buyers are willing to put up the cash for quality units Swift turnaround and firm price show buyers are willing to pay a premium for the right vessel
First India recyclers set to be approved by Brussels Alang recyclers are linked to EU list for the first time
Samsung Heavy joins widening Korea-US shipbuilding drive Agreements unveiled in Washington point to a growing industrial partnership
Turkish owner sells bulker to up and coming agricultural commodity trader Ince Denizcilik disposes of 14-year-old vessel as part of fleet renewal plans
Singapore hits back as Trump revives tariff wall with 'forced-labour' duties on 60 economies Foreign minister fears becoming 'collateral damage' of wider US trade policy
Tokyo Century bulker sale shows buyers are willing to put up cash for quality vessels Swift turnaround and firm price show buyers are willing to pay a premium for the right vessel
Freight Distress Report: Supply chain providers cut more than 1,200 jobs Companies across the freight economy disclosed plans to eliminate at least 1,222 jobs as warehouse operators, delivery providers and manufacturers continued to consolidate facilities and adjust their networks. Amazon, Temco Logistics and Freight Handlers Inc. accounted for most of the layoffs announced from July 10 through July 24, while 10 transportation, distribution and freight-dependent busin
New test program puts nuclear container ships on the horizon A stealth project to develop alternative power for cargo shipping just went nuclear. The U.S. Department of Transportation's Maritime Administration and the Port of Long Beach have signed a Memorandum of Cooperation to develop small modular reactor (SMR) technology to power commercial vessels and port operations. "This first-of-its-kind partnership with Marad allows us to leverage strong federal
Marten Transport's Q2: Reefer market on the rise Refrigerated carrier Marten Transport noted a significant firming in truckload fundamentals when it reported second-quarter results Thursday after the market closed. A much tighter capacity backdrop is allowing the company to improve its freight selection and raise rates. "The freight market has sharply tightened in recent months and is now breaking out from the longest freight market recession o
New U.S. tariffs target imports from China, Mexico, Canada and 57 other economies The Trump administration moved Friday to restore a near-universal tariff floor on U.S. imports, replacing its temporary 10% global tariff with a new Section 301 tariff regime covering 60 economies that account for 99.4% of U.S. imports. The new duties, announced Thursday by the Office of the U.S. Trade Representative and took effect at 12:01 a.m. EDT Friday. The new duties impose tariffs of 10% t
YMX Logistics Reduced a Grocery Distributor's Yard Fleet by 36% With Its Autonomous Yard Operating System When FreightWaves launched the AI Excellence in Supply Chain Awards , the goal was to cut through the noise of an industry where "AI" has become a marketing buzzword slapped on every press release, and instead spotlight the companies that are leveraging AI in truly revolutionary ways. The awards recognize real deployments and measurable outcomes as opposed to flashy pitches. Entries are judged on
FMCSA says no to epilepsy exemptions after years of yes After almost two years of approving both renewals and new requests of drivers seeking an exemption from federal rules on driving despite a history of epilepsy, the Federal Motor Carrier Safety Administration in recent weeks has rejected two tranches of applicants. A review of the Federal Register from 2024 through the present reveals that the last time FMCSA rejected either a new request or a req
Modal Shift: Why Shippers AVOID Cheaper Intermodal | FreightWaves Today Summary View Transcript Nicholas Shipe from Circle Logistics reveals critical shifts in automotive logistics and the factors influencing intermodal vs. expedited freight decisions. Learn why cost isn't the only driver when manufacturers prioritize production uptime. Plus, discover the surprising truth about America's overlooked energy advantage shaping industrial supply chains. Summary unavailabl
Trucking Compliance Crackdown EXPANDS: What it Means for the Freight Market Summary View Transcript The trucking industry is facing an expanding compliance crackdown, with states intensifying safety inspections and enforcing CDL regulations. This isn't just a federal issue; local enforcement is driving a tighter freight market, reducing available capacity, and pushing spot rates to near-record highs. Understand why this regulatory shift is reshaping the industry. Summary
Zebra's "Physical AI" Transforms Supply Chain Operations | Expert View Summary View Transcript Andre Luecht from Zebra Technologies dives into the power of "physical AI" for the supply chain. Discover how this innovative approach empowers frontline workers with real-time feedback, transforming warehouse and logistics operations. Learn how advanced visibility solutions go beyond basic tracking to provide granular insights, improving accuracy and speed from factory fl
Is This Trucking Market Different? Why Capacity Won't Flood Back In Summary View Transcript Aaron Graft, CEO of Triumph Financial, dives deep into why this freight market cycle is structurally different. He explains that increased litigation, regulation, and legislation act as barriers to entry, preventing the surge of new capacity seen in previous upturns. This fundamental shift suggests the current tight market conditions might persist longer than anticipated,
Samsara rebrands as It reaches $2B in ARR Samsara spent a decade turning telematics data into an AI orchestration layer for the physical economy. Now the company has given that decade a new face. The San Francisco-based company earlier this week unveiled its first major visual overhaul since founding, trading its original look for a reimagined owl, a custom typeface built from the handwriting of Samsara's own engineers, and a high-visibi
BNSF: New UP-CN deal 'undermines' case for merger BNSF says Union Pacific's agreement with Canadian National for the latter to support UP's merger with Norfolk Southern does nothing to improve rail competition as required by federal rules. The agreement between Union Pacific that trades access in exchange for Canadian National dropping its opposition to UP's merger with Norfolk Southern doesn't change the anti-competitive aspects of the transcon
Man pleads guilty for selling 6.5M fake stamps made in China A man accused of participating in a fraud scheme to resell $1.7 million worth of counterfeit U.S. postage stamps made in China has pleaded guilty, the U.S. Attorney's Office for the Middle District of Alabama announced on Thursday. Kevin Douglas Padgett, 48, pleaded guilty to money laundering on June 30. His partner, John Patrick Best, 55, made his initial appearance in federal court on Wednesday
How HERE boosts AI route optimization with a reasoning layer In dispatching, there's a cruel joke when planning assets. It goes like this: the perfect route plan built at 6 a.m. rarely survives contact with 9 a.m. traffic, a sick driver, or a carrier that goes dark. HERE Technologies is betting the fix isn't a better plan. Instead, it built a system that keeps learning from what actually happens after the plan leaves the office. Bart Coppelmans of HERE Tec
C.H Robinson hit with huge nuclear verdict in a post-Montgomery world One of the largest nuclear verdicts in history against trucking was handed down Thursday in a Dallas courtroom, a more than $600 million judgement that has quickly thrust C.H. Robinson into the post-Montgomery legal landscape. A jury in Dallas County Court handed down a verdict of approximately $604 million in a case involving a March 2021 crash in Jackson, Mississippi. The case was filed in the
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