New ABS report highlights rising demand for vessels supporting floating wind Worldwide, demand for high-capability offshore support vessels for floating offshore wind projects is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according
Helicopter ops mark next step in JAXPORT air draft improvement project A project that will allow larger ships to access the Port of Jacksonville, Florida's (JAXPORT) Blount Island Terminal by increasing the air draft over the St. Johns River remains on track for
VIDEO: Black Marlin arrives in Tasmania for Incat Hull 096 delivery Boskalis's Black Marlin, one of the world's largest heavy lift vessels, has arrived in Hobart, Tasmania, ahead of the next major milestone in the delivery of Incat's revolutionary Hull 096, the world's
Royal Caribbean reports strong second quarter results Royal Caribbean Group (NYSE: RCL) today reported second quarter earnings per share (EPS) of $4.20 and adjusted EPS of $4.21. It says that these results were better than the company's guidance, driven
Ingalls expands distributed shipbuilding strategy to amphibious ships HII's (NYSE: HII) Ingalls Shipbuilding division has expanded its distributed shipbuilding strategy to include modular unit construction for the U.S. Navy's amphibious transport dock program, beginning with Philadelphia (LPD 32). This expansion
CMA CGM updates FAK rates on three trade lanes from mid-August CMA CGM has announced new Freight All Kinds (FAK) rates for three trade lanes, with the revised tariffs taking effect on 15 August 2026 and remaining valid until further notice. The first update covers shipments from the Indian Subcontinent to Central America, the Caribbean and the West Coast of South America. Rates vary by destination, with freight to Buenaventura, San Antonio, Callao and Guayaq
Argentina's container ports rebound with 45% growth in 2025 Argentina's container ports handled 2.1 million TEUs in 2025, marking a 45% increase compared with 2024 and recovering from the weaker volumes recorded in 2023 and 2024, according to DynaLiners. The Port of Buenos Aires remained the country's dominant gateway. It handled 1.78 million TEUs, accounting for 85%of Argentina's total container throughput. The port recorded 49% year-on-year growth. With
Manzanillo surpasses 2 million TEUs in first half of 2026 Mexico's largest container gateway reports strong growth in both throughput and cargo volumes during the first six months of the year. The Port of Manzanillo handled 2,071,263 TEUs during the first half of 2026, surpassing the two-million-TEU mark and recording a 9.9% increase compared with the same period last year, according to official statistics published by the Administración del Sistema Por
Maersk revises peak season surcharge from Far East Asia to Latin America Maersk will revise its Peak Season Surcharge (PSS) for shipments from Far East Asia to Mexico, the West Coast of South America, Central America and the Caribbean (C1E). The revised surcharge will take effect on 3 August 2026 for most origins. Shipments from South Korea will be subject to the new rates from 14 August 2026. The surcharge will remain in place until further notice. The carrier will a
Explainer: The corridor that closed behind them ran says nothing has changed at Hormuz. The map says otherwise and the route shipping built to avoid the problem has just been brought inside it. For eleven weeks, the southern corridor hugging the Omani coast was commercial shipping's answer to the Strait of Hormuz
Konecranes and Kalmar recover US tariff payments after IEEPA repeal Konecranes and Kalmar have confirmed they have received refunds for tariffs previously paid in the United States following the repeal of duties imposed under the International Emergency Economic Powers Act (IEEPA). The refunds follow a ruling earlier this year that invalidated the tariff measures, allowing companies to recover duties already paid on affected imports. According to Kalmar , the co
Roberts Bank Terminal 2 Launches investment program The Vancouver Fraser Port Authority has launched the first round of its Roberts Bank Terminal 2 community investment program, inviting Delta organizations to apply for funding supporting initiatives that create lasting local benefits or strengthen conservation efforts. The launch coincides with continued momentum on the terminal project, including its referral to the federal Major Projects Office
CMA CGM executives visit Port of Colombo to discuss future cooperation Senior executives from CMA CGM visited the Port of Colombo to review the port's operations and discuss future collaboration with the Sri Lanka Ports Authority (SLPA). The delegation included Christine Cabau, Executive Vice President of CMA CGM, Jesper Stenbak, Senior Vice President ADRO, Eric Daniel Van Den Driesen, Country General Manager of CMA CGM Lanka, and Pasan Periyapperuma, Deputy General
Pilbara Ports sets new annual trade record Pilbara Ports has delivered a record 804.1 million tonnes of exports and imports through the Ports of Ashburton, Dampier, Port Hedland and Varanus Island in the 2025-26 financial year, surpassing the previous record of 775.7 million tonnes set in 2024-25. The result represents the largest year-on-year increase in annual trade since 2017-18 and an estimated AUD 150 billion in export value, undersc
Insurance, not missiles, is closing Europe's sea lanes The closure of a shipping lane no longer begins with a missile. It begins with an underwriter. Across the Strait of Hormuz, the Red Sea and the Black Sea, the same sequence now repeats: reinsurers and protection-and-indemnity clubs withdraw cover, and within roughly 72 hours a corridor is commercially shut long before military assessment or commercial planning has caught up
Lloyd's Register to develop global operating model for ArcelorMittal's dry bulk terminals Lloyd's Register (LR) has partnered with ArcelorMittal to develop a Global Operating Model for the company's dry bulk terminals, aiming to standardize operations across its international port portfolio. The model will establish a common operating framework for ArcelorMittal Global Ports. It will support terminals operating in different regions, regulatory environments and operating conditions. LR
DHL eCommerce to acquire Venipak and expand across the Baltics DHL eCommerce has signed an agreement to acquire Venipak Group, expanding its operations into Lithuania, Latvia and Estonia and establishing a fully owned presence across the Baltic region. Subject to regulatory approvals, Venipak will become part of DHL eCommerce, while continuing to operate under its existing brand. The current management team and employees will remain in place during the integ
Sea-Intelligence: Global Schedule Reliability drops to 62.6% in June 2026 Sea-Intelligence has published issue 179 of the Global Liner Performance (GLP) report , with schedule reliability figures up to and including June 2026. Schedule reliability dropped M/M in June 2026 by -1.9 percentage points to 62.6%, which is still the second-highest reliability figure for the year. On a Y/Y level, schedule reliability was lower by -4.7 percentage points. Despite declining sched
Buenaventura terminal appoints HPC to assess cargo growth opportunities Sociedad Portuaria Regional de Buenaventura (SPRBUN) has appointed HPC Hamburg Port Consulting (HPC) to develop a terminal optimization and business development strategy for its multipurpose terminal in Colombia. The study will evaluate how the terminal's existing infrastructure, cargo-handling equipment and available space can be used more efficiently while identifying growth opportunities in so
Costamare secures US$1.3 billion financing package as Q2 profit declines Costamare Inc. reported lower earnings for the second quarter of 2026 while strengthening its balance sheet through new financing agreements totaling US$1.3 billion and maintaining high fleet employment levels. For the second quarter, the company posted adjusted net income from continuing operations of US$75.1 million, or US$0.62 per share, while net income from continuing operations attributable
Port of Gdansk reports record cargo and container growth in first half of 2026 The Port of Gdansk handled a record 41.7 million tonnes of cargo during the first half of 2026, an increase of 9% compared with the same period last year, driven by strong growth in container traffic and general cargo. Container throughput reached nearly 1.6 million TEUs, representing a 23% year-on-year increase. The port's Baltic Hub Container Terminal handled 13.8 million tonnes of cargo, up 18
Two supply chains facing the same risk Hormuz and Bab el-Mandeb have stopped functioning as separate crises. They now operate as a single, coupled disruption system and the reporting of the past week makes the linkage explicit
LOGISTEED launches LIB-CON for safer lithium-ion battery storage LOGISTEED has introduced LIB-CON®, a fire-resistant steel container designed to improve the safe storage of lithium-ion batteries while reducing reliance on hazardous materials warehouses. The patent-pending solution enables lithium-ion batteries to be stored in general warehouses under specified conditions, helping address shortages of hazardous materials storage space and lower storage costs. E
Hambantota Port clarifies vehicle storage policy as RoRo volumes grow Hambantota International Port Group (HIPG) has clarified its vehicle storage policy following recent media reports, stressing that its priority is the efficient movement of cargo rather than earning revenue from storage charges. The port currently stores more than 50,000 vehicles, including transshipment and local import units. Of these, 1,278 vehicles have remained in the yard for more than thre
MSC updates Emergency Fuel Surcharge for European short-sea trades MSC Mediterranean Shipping Company will update its Emergency Fuel Surcharge (EFS) on several European short-sea trade lanes, with the revised charges taking effect from 10 August 2026 based on the bill of lading date. The revised surcharge applies to cargo moving between Northern Europe, including the UK and ScanBaltic region, and the North East Mediterranean, as well as intra-Europe, intra-Greec
Maersk advises customers of Kenya's new Advance Cargo Declaration requirement Maersk has informed customers that the Kenya Revenue Authority (KRA) will introduce a mandatory Advance Cargo Declaration (ACD) requirement for all containerized cargo destined for Kenyan ports from 3 August 2026. Under the new regulation, an ACD Reference Code must be obtained before cargo is loaded and endorsed on the Bill of Lading prior to shipment. The requirement applies to all containerize
Maersk introduces emergency inland fuel surcharge in Nordic region Maersk will introduce a temporary Emergency Inland Fuel/Energy Surcharge for inland shipments across the Nordic region, citing higher fuel costs linked to the evolving situation in the Middle East. The surcharge applies to store door (SD) shipments in Denmark, Sweden, Norway, Finland, Latvia, Lithuania and Estonia. It will remain in effect until further notice. The new surcharge applies to shipme
Ditas linked to DH suezmax pair Turkish tanker owner Ditas has been linked to an order for two suezmaxes at South Korea's DH Shipbuilding, marking its first move in the segment in around a decade. DH disclosed the KRW271.3bn ($196m) contract on Monday but identified the customer only as a new European owner. Shipbroking and market sources have since named the ...
Eni fast-tracks Cypriot gas project for 2028 first gas Italian major Eni is pushing ahead with its Cronos project offshore Cyprus, with the first gas expected to be produced in 2028. Eni and its partner TotalEnergies have taken the final investment decision (FID) to develop the Cronos gas field, discovered in 2022 and successfully appraised in 2024. Located in deep offshore waters approximately 185 km southwest ...
Shandong Port yard breaks into chemical tankers Shandong Port-owned Sealand Equipment Group has landed its first oil and chemical tanker order, signing a 10,000 dwt newbuild with an unnamed European customer. The RINA-class vessel will be able to carry IMO II and III chemical cargoes and will combine a shaft-generator DC bus with battery storage for more flexible power management. The contract ...
Romania maps out 11.5GW Black Sea offshore wind pipeline Romania's government has published a draft decision identifying 11 offshore wind concession areas in the Black Sea with a combined potential capacity of 11.5GW. The first phase covers three fixed-bottom sites with a combined capacity of 3.1GW. These areas are intended to support the government's target of installing 3GW of offshore wind by 2035 under ...
Industry body seeks green light for two major UK energy projects Offshore Energies UK has called on the government to accelerate consent for the Rosebank and Jackdaw developments, arguing that the two projects are critical to domestic energy supply, investment and employment. The trade body made the case in response to public consultations covering both projects. The Jackdaw consultation runs until August 10 while the Rosebank ...
Cheap drones redraw shipping's war risk map Kyiv's reported weekend attack on an Iranian vessel accused of carrying military cargo to Russia has removed another basin shipowners assumed was untouchable - and hardwired the Ukraine and Middle East theatres together in a way war risk underwriters are not structured to price. Until the weekend, the Caspian was the quiet leg. Landlocked, closed ...
Pan Ocean's latest VLCC pair confirmed at Qingdao Beihai South Korea's Pan Ocean has placed its latest pair of VLCC newbuildings at CSSC-controlled Qingdao Beihai Shipbuilding. Splash reported at the end of June that the Harim-controlled owner had lined up two ammonia-ready VLCCs for delivery in September 2030, with market sources putting the price at around $122m per ship. Pan Ocean's stock exchange disclosure ...
Aruna doubles down with 10-ship ultramax programme in China Turkey's Aruna Shipping has signed for up to 10 ultramax bulk carriers at Yangzhou Guoyu Shipbuilding's new Zhoushan operation, a programme that could more than double its owned fleet. The deal involves six firm 64,500 dwt ships, with options covering another four vessels. Shipbuilding databases indicate that the contract was signed in April, with the ...
Noble revenue slips on rig suspensions and Black Sea exit Offshore driller Noble posted a $37m net loss for the second quarter of 2026 after operational suspensions affecting two rigs in Brazil weighed on revenue and utilisation. The quarterly loss compared with net income of $121m in the first quarter. Contract drilling services revenue fell to $679m from $743m in the previous quarter. Noble said ...
Velos takes $33m profit on vintage tanker sale Greek owner Velos Tankers has reportedly sold the 2008-built LR2 tanker Velos Emerald for $50m. Numerous brokers report a striking return on a ship acquired five years ago for about $17m from Mitsui OSK Lines (MOL). The 115,042 dwt tanker was built by Sasebo Heavy Industries and previously traded as Falcon Express. The price also ...
Diana drops Genco tender as takeover talks drag on Diana Shipping has allowed its hostile tender offer for the US dry bulk rival Genco Shipping & Trading to expire but is keeping its separate $27.34-per-share takeover proposal on the table. The Athens-based owner said it would not extend or revive the tender following its expiry on July 24, ending the formal process launched in ...
L&T consortium secures North Sea offshore wind transmission programme Indian engineering conglomerate Larsen & Toubro (L&T) has secured a framework cooperation agreement (FCA) for 2GW offshore wind programme with Germany's transmission system operator TenneT. L&T entered into the agreement in consortium with Hitachi Energy. It will cover six projects and future opportunities under TenneT's 2GW HVDC programme. The framework is designed to support large-scale ...
TGS bags 100-day ocean bottom node contract Oslo-listed seismic specialist TGS has won a new OBN contract from an undisclosed client in the Africa, Mediterranean, and Middle East (AMME) region. A deep-water crew is scheduled to mobilise in the fourth quarter, and the project has a duration of approximately 100 days. "We are very pleased to secure this OBN contract, which extends ...
The small test that can prevent a nickel ore tragedy The can test cannot replace laboratory analysis, but it can give crews an early warning that a seemingly solid cargo is dangerously wet. Captain Simon Hodgkinson, global head of loss prevention at West P&I, explains. This year's Day of the Seafarer focused on seafarers carrying world trade but also arrying the risks. One risk is ...
US urged to create public container carrier The United States should consider establishing a publicly backed container shipping line to reduce its dependence on foreign carriers, according to a new report from the Open Markets Institute. The Washington-based antimonopoly group claims six overseas-owned liner companies control nearly 80% of global container capacity and more than 90% of US trade on major routes, ...
The predictability recession has arrived For decades, shipping relied on American power to keep trade routes open and insurable. Cheap precision weapons have broken that assumption, forcing companies to treat geopolitics as a live commercial variable. Punit Oza explains. This morning, I read an essay "Iran and the New Rules of Global Power" by Robert Pape in Foreign Affairs, July ...
Splash Singapore: G2 Ocean's Arthur English urges shipping to price risk as one connected system Shipping needs to stop treating risk as a collection of separate problems and start examining how geopolitical, operational, financial and human factors interact, according to Arthur English, chief executive officer of G2 Ocean. English, who joins the dry bulk panel at September's Splash Singapore conference, says industry discussions often isolate the Panama Canal, the Strait ...
China tightens grip on iron ore shipping as Simandou fleet takes shape As the world's largest iron ore importer, China is priming itself to capture a growing share of the long-haul shipping...
The Daily View: Danger money won't buy competence
CMA CGM posts stronger 2Q earnings as shipping and logistics drive group growth Despite conflicts in the Middle East and macroeconomic uncertainty, global trade remained robust, supported by consumer spending, business investment, inventory...
China wants to keep parts of the Net-Zero Framework alive China has proposed a series of technical changes to the NZF, signalling renewed engagement with the shipping sector's flagship decarbonisation...
Atlas and EMF clinch 'highest' time charter deal for last PCTC Greek and Danish partners seal two-year employment with Chinese operator for upcoming dual-fuel 7,000 ceu vessel at $80,000 per day
'Now they are hitting to kill': Seafarers pull back from Black Sea trades Experienced seafarers are increasingly refusing voyages linked to Ukraine and Russia as drone attacks intensify across the Black Sea, raising...
Are the EU ETS revisions fair? Lloyd's List senior reporter Declan Bush asks whether the changes the EU is making to its Emissions Trading System live...
Oman-Iran talks advance with draft Hormuz shipping plan modelled on Malacca Strait A draft Oman-backed proposal modelled on the Strait of Malacca has emerged as the leading framework for restoring shipping through...
Hull war insurers imposing covenants for Saudi-linked vessels Underwriters remember Galaxy Leader, Sounion, Magic Seas and Eternity C casualties between 2023 and 2025
Industry calls for global safeguards as seafarer criminalisation cases rise Centre for Ocean Policy & Economics is calling for the establishment of minimum international standards for the treatment of detained...
Strait of Hormuz tanker traffic in freefall as navigation crisis deepens Five months into the war, the Strait of Hormuz is choking - and no one knows when it will reopen
Daily Briefing Hormuz war risk cover tops $10m for single VLCC trip | 3D chess: The interwoven tanker effects of Iranian, Houthi...
3D chess: The interwoven tanker effects of Iranian, Houthi and Ukrainian attacks Crude tanker freight markets are now a game of three-dimensional geopolitical chess involving the Hormuz crisis, how Houthi attacks in...
Tariffs, geopolitics, uncertain cargo demand cloud H2 outlook: CMA CGM The carrier, while releasing solid Q2 financial results, said it has seen very high cargo volumes in July, but acknowledged there is a question mark over whether that strong demand will sustain in the coming months.
TForce to hike 3PL rates as volumes flood LTL network TFI's less-than-truckload US subsidiary is working to reduce a surge in freight volumes blamed on low "blanket pricing" offered to 3PLs that wound up costing it money.
Shippers, carriers face fresh weather-related disruption following south China storm Typhoon Noul hit Hong Kong and Shenzhen as key ports in eastern China continue to experience extensive delays and congestion more than two weeks after Typhoon Bavi moved through that region.
Air cargo carriers raise surcharges as jet fuel prices take off Given the volatile market environment, airlines have started reviewing fuel surcharges every two weeks as most long-haul freighter operators prepare to pass on the latest spike in prices to customers.
Safe Bulkers hikes dividend again after posting biggest profit in four years Polys Hajioannou-led company says it can both invest and reward shareholders
Navigator Gas ship arrested in India amid dispute with charterer New York-listed shipowner says it is in dialogue to resolve 'issue' with Confidence Petroleum
Russian attacks on shipping hobble Ukraine's iron ore exports as miner confirms death on bulker Two mining companies suspend operations on Tuesday, including one whose bulker suffered attack that killed one
Russia targets two ships in assault on Ukrainian port Moscow's strikes come as shipping is increasingly targeted in conflict with Ukraine
Geopolitical disruptions have had 'no impact' on LNG carrier demand, GTT says Cargo containment system designer scores 65 orders in first half
Cruise shares move higher after Royal Caribbean lifts earnings outlook Cruise giant says voyages are being booked at record prices
CMA CGM profit surges as it closes Stonepeak port investment deal Higher cargo volumes and resilient freight rates offset cost of conflict in the Middle East for world's third largest carrier
VLCCs to visit Western Canada as unorthodox trading patterns emerge Clarksons notes two VLCCs were fixed to load there this week after only six all year
Jinhui Shipping sells and leases back two newbuildings in deal with ICBC Refinancing move will add flexibility to bulker owner's balance sheet
Asyad Shipping VLCC makes Bab el-Mandeb voyage as tankers flock to Sidi Kerir Oman state-backed shipowner has three vessels en route, while others change direction
Harry Vafias expands all-South Korean newbuilding bet with fresh tanker orders Greek owner inks product carriers that boost his total tanker orderbook to 16 units worth about $1.3bn
Asyad Shipping VLCC makes Bab al-Mandeb voyage as tankers flock to Sidi Kerir Oman state-backed shipowner has three vessels en route, while others change direction
Russian tankers dodge multiple flash points as they head for Northern Sea Route Two laden tankers currently identified in the seasonally available shipping route
'Tick-box compliance' blamed for crew member fatality in Baltic Sea Focus on documentation compliance and normalisation of unsafe practices blamed for bosun's death on the Synergy-managed vessel
Harry Vafias expands all-Korean newbuilding bet with fresh tanker orders Greek owner inks product carriers that boost his total tanker orderbook to 16 units worth about $1.3bn
'Tick-box compliance' blamed for seafarer Baltic Sea death Focus on documentation compliance and normalisation of unsafe practices blamed for a bosun's death on the Synergy-managed vessel
MSC returns to secondhand container ship market with Leonhardt & Blumberg deal Liner operator back as boxship buyer after excursion into tanker and car carrier market
Two GasLog LNG carriers offered for sale in active S&P year for sector Size increasingly matters for secondhand LNG deals, Fearnleys says
Zodiac Maritime snares prized early berths for $640m container ship order UK shipowner has ordered eight scrubber-fitted newbuildings at the Dalian-based shipyard
Skuld involved in second plastic pellet clear-up off English coast in 18 months Two containers of nurdles leaked into River Tyne from berthed container ship after collision
James Fisher newbuilding steals the show at Tower Bridge UK owner unveils dual-fuel coastal tanker ahead of naming ceremony
Berlian Laju stocks up on LPG carriers as it pivots towards gas Indonesian shipowner is stocking up on secondhand small fully pressurised LPG carriers for its home market
Forever Shipping denies reports of aframax tanker scrap sale Hong Kong shipowner neither confirms nor denies it is selling its only ship
Up not down: Genco Shipping rebuts Diana claims of falling bulker values Add one more dispute to the list of topics in which Diana Shipping and Genco fail to see eye to eye
Oman proposes new Strait of Hormuz plan to Iran with voluntary fee for shipping Toll-free, three-lane waterway proposal has regional backing, sources say
Japanese bank partners with GCMD in vessel retrofit fund Earlier collaboration led to GCMD and DBJ winning Marine Money's Wild Card East Deal in 2025
TotalEnergies and Eni greenlight Cypriot gasfield to boost Egyptian LNG exports Volumes to be shipped to Europe from 2028
Greek owner doubles money on VLCC asset play to Sinokor and MSC Whoever acquired tankers in 2021 can now flip them at spectacular profit margins
Europe's $150m shadow fleet headache: Seized ships, stalled cases and no clear endgame Dark fleet vessels remain berthed and anchored around Europe as countries try to resolve their fate
Turkish tanker player Ditas orders first suezmax newbuildings in a decade Istanbul-based company emerges as the party behind a contract for two 157,000-dwt tanker newbuildings at DH Shipbuilding
Forever Shipping denies reports of scrap sale of aframax tanker Hong Kong shipowner neither confirms nor denies it is selling its only ship
Turkish tanker player Ditas orders first suezmax tankers newbuildings in a decade Ditas Shipping emerges as the party behind a contract for two 157,000-dwt tanker newbuildings at DH Shipbuilding
Greek shipowner JME returns to China for ultramax bulk carriers JME Navigation boosts ultramax bulker tally at New Dayang to three vessels
Old rules, new threats: Veteran expert sees shipping law falling behind Maritime law expert says technology is exposing gaps governments have yet to address
Berlian Lau stocks up on LPG carriers as it pivots towards gas Indonesian shipowner is stocking up on secondhand small fully pressurised LPG carriers for its home market
Up not down: Genco Shipping rebuts Diana claims on falling bulker values Add one more dispute to the list of topics on which Diana Shipping and Genco fail to see eye to eye
Rare container ship recycling sale signals what may lie ahead for ageing fleet Transworld disposal highlights market's reluctance to retire older tonnage
Turkish shipowner Aruna set to double its fleet with Chinese newbuilding series Yangzhou Guoyu Shipbuilding moves into bulkers again with an order for up to 10 ultramaxes at new Zhoushan unit
Cruise operator teases second ship after debut proves residential model Villa Vie Residences provides few details of 'premium' sister vessel to enter service in 2029
First look: Werner boasts of better revenue per truck The biggest number touted by Werner Enterprises in its second quarter earnings release was that it had the highest revenue per truck growth in its One-Way segment in a decade. Revenue per truck per week was $6,114, up 27.7% from the corresponding quarter a year ago. Werner did that on the back of a significant downsizing of the number of average trucks in its One-Way Truckload segment. That numbe
CMA CGM in new terminal venture with private equity firm The world's third-largest liner operator is taking a major leap toward becoming a major player in the ports business. French liner CMA CGM and private equity investor Stonepeak of New York today announced the formation of United Ports LLC, a joint venture aimed at expanding the former's global network of marine terminals. Stonepeak will invest $2.4 billion in the initiative, and receive a 25% min
UPS shift away from Amazon shows bigger payoff United Parcel Service parcel volumes fell during the second quarter as it completed the phase out of low-margin Amazon business, but revenue per piece and profits increased behind a focus on premium shipments, efficiency gains, and strong pricing amid ongoing economic volatility. The integrated parcel and logistics giant on Tuesday reported revenues of $22.8 billion, up 7.6% year over year, with
Geopolitics helps CMA CGM shipping profit soar 42% CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit. The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17 billion, while earnings before int
Benchmark price is up, futures down, diesel on its own Oil prices are plummeting again, but the benchmark used for most fuel surcharges has risen for a third consecutive week. The Department of Energy/Energy Information Administration average weekly retail diesel price climbed 17.9 cents/gallon to $5.313/g, effective Monday but published Tuesday. It's the third consecutive week of an increase, tacking on 73.5 cts/g during that time. But as a reflecti
3PLs, other tenants signing longer leases for larger warehouses Leases on U.S. industrial properties with at least one million square feet more than doubled to 38 in the first half of 2026 compared to just 16 in the same period last year. Third-party logistics providers continued to hold the majority of the nation's 100 largest leases, but their share fell, according to a report from CBRE Group. "The largest leases signal continued stabilization across the in
Uber Freight elevates AI ambitions with hiring of logistics technology veteran Uber Freight has appointed longtime logistics technology executive Amir Pelleg as its new chief product officer, as the company continues expanding its artificial intelligence-driven transportation management platform. Pelleg joins Uber Freight after more than 25 years leading product, engineering and operations teams, including executive roles at Amazon, Convoy and Dandy. Uber Freight officials
Tale of 2 segments at TFI: LTL steady, Truckload soaring By most financial measures, the second quarter at TFI International was strong. Second quarter diluted earnings per share were up 41% to $1.65 from the corresponding quarter a year ago. EBITDA was up more than 11%. But underneath that, and what came through in Monday evening's conference call with analysts, is that the rise in profitability came from the Truckload operations at TFI, as well as it
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,
Union Pacific, Norfolk Southern add new customer protections as STB merger review advances Union Pacific and Norfolk Southern are trying to strengthen their case for creating America's first transcontinental railroad, adding what they describe as an unprecedented set of customer assurances as the Surface Transportation Board reviews their merger application. The companies said the supplemental filing late Monday responds to STB requests for additional information and goes beyond protec
New Australia airport has no curfew for cargo campus The official opening of a large cargo campus at Australia's newest airport, outside of Sydney, has businesses excited about opportunities to reach new markets and expands Australia Post's ability to meet growing demand for next-day delivery of e-commerce packages in New South Wales. Qantas on Monday operated its first commercial all-cargo flight from Western Sydney International Airport for Austr
Importers sue over forced labor tariffs on 60 economies The tariff wall never came down; instead, it changed statutes. At 12:01 a.m. Eastern on July 24, the exact minute the temporary Section 122 import surcharge lapsed, duties of 10 percent or 12.5 percent took effect on goods from 60 economies under Section 301 of the Trade Act of 1974. Those economies account for roughly 99.4% of U.S. imports by value. Two lawsuits filed at the U.S. Court of Intern
Wove speeds tariff change info for forwarders, TMS - and it's free It's January 2025. The raucous New Year's celebration has barely subsided when a forwarder's crystal ball predicts more than 2.5 million rule changes across 40-plus Harmonized Tariff Schedules in the coming 18 months. What's the next move? Come in from the ledge. A mostly stealth startup has been making sense of the exploding tariff universe for logistics providers - and for free. Wove provides w
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