Resolve Marine opens new Tacoma faciliy Fort Lauderdale, Fla.- headquartered Resolve Marine has moved its Pacific Northwest (PNW) facility to a new, strategically positioned location on the Foss Waterway in Tacoma, Wash. The company says that the move
Gladding-Hearn redelivers refitted veteran ferry Outward Bound Gladding-Hearn Shipbuilding, Duclos Corporation has redelivered Boston Harbor's M/V Outward Bound ferry after a major mid-life refit. As we reported at the time, the ferry returned to the the Somerset, Mass., shipyard,
Op-Ed: Bolstering U.S. shipbuilding through legislation and digitalization Reintroduced to Congress, the proposed Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act would unlock USD250 million annually (FY26-35) for domestic U.S. shipbuilding projects. This SHIPS for America Act
SEACOR Marine is "evaluating potential strategic alternatives" Under pressure from some major shareholders to consider options that could include selling its fleet, Houston-based offshore support vessel company SEACOR Marine Holdings Inc. (NYSE: SMHI) yesterday reported that its board "is
Boskalis Windpiper conversion to subsea rock installation vessel Dutch maritime design house Vuyk Engineering provided the basic design for Netherlands-based Boskalis' conversion of the Windpiper into a 45,000-plus-ton subsea rock installation vessel. Originally built for a different purpose, the Windpiper
Damen launches second CSOV 9020 for TSSM Damen Shipyards Group has launched the second in a series of two Commissioning Service Operations Vessels (CSOV) 9020 for Ta San Shang Marine Co., Ltd. (TSSM). The company, a joint venture between
Maritime Partners adds M/V Lulu Hamilton to fleet Maritime Partners has added the M/V Lulu Hamilton to its fleet as a newly constructed pushboat built by FMT Shipyard & Repair in Harvey, La. The 1,600 horsepower vessel is configured with
Department of War makes $76.6B investment in submarine capabilities The Department of War yesterday announced that is expanding its undersea warfighting capabilities by awarding a five-ship Navy contract modification to General Dynamics Electric Boat (GDEB) for the construction of five Columbia
Maersk updates intermodal fuel fees in Australia and New Zealand Maersk has announced updated Intermodal Fuel Fees for landside transportation services in Australia and New Zealand, with the new monthly rates applying from 1 August 2026. The carrier attributed the adjustments to rising global energy prices and continued uncertainty in the Middle East. According to Maersk, the situation is placing additional cost pressure on landside and intermodal transport op
Bureau Veritas grants AiP for Seatrium's 30 MW floating data centre concept Bureau Veritas Marine & Offshore (BV) has awarded an Approval in Principle (AiP) to Seatrium Technology & Innovation for its 30 MW Floating Data Center (FDC) concept, supporting the development of offshore digital infrastructure. The approval follows a Memorandum of Understanding signed by the two companies during Singapore Maritime Week 2026 to collaborate on offshore power and digital technolog
Maersk outlines new identification rules for Pakistan imports Maersk has informed customers of new mandatory consignee identification requirements for all import shipments destined for Pakistan. Under SRO 882(I)/2026, Pakistan Customs will require consignee identification details to be included in the Import General Manifest (IGM) from 15 August 2026. Customers must provide the applicable identification details to shippers at the port of origin. The informa
Hapag-Lloyd changes dangerous goods documentation process for Korea Hapag-Lloyd has introduced a new process for submitting dangerous goods documentation for shipments to Korea. Since 1 July 2026, customers have been required to submit all dangerous goods documents through the Booking Amendment Tool available on the carrier's customer portal. Hapag-Lloyd will no longer accept dangerous goods documentation sent by email or through other communication channels. Cus
PIL launches Indonesia-Thailand service to boost Southeast Asia connectivity Pacific International Lines (PIL) has launched a new weekly Indonesia Thailand Service (ITS) to strengthen intra-Southeast Asia connectivity. The new service will begin from Port Klang on 5 September 2026. It will provide direct shipping links between Indonesia, Malaysia, Singapore and Thailand. PIL said the service will call at six key ports across the four countries. Three vessels will operate
Maersk launches expanded West Coast Shuttle service Maersk has announced the launch of its new West Coast Shuttle, expanding its regional network across Mexico, Panama and Ecuador. The service will replace the existing single-vessel shuttle between Balboa and Posorja with a three-vessel operation. According to the carrier, the expanded network will provide broader port coverage, improved connectivity and greater flexibility across the Americas. Th
MSC announces new Europe freight rates from South Asia MSC has announced new freight rates for shipments from South Asia to Europe, with the revised tariffs taking effect on 16 August 2026 and remaining valid until further notice, but no later than 31 August 2026. The updated Freight All Kinds (FAK) rates apply to cargo moving from Sri Lanka, Bangladesh, India and Pakistan to Antwerp and Valencia. For shipments from Colombo and Chattogram, the carrie
Response reluctance as a structural variable for shipping The Houthis declared a blockade on a Monday and fired their first missile on a Thursday. By then the strait was already closing. The reason is not the arsenal it is the response that never came
UK ports recorded decline in 2025 UK ports handled 428.3 million tonnes of freight in 2025, a decrease of less than 1% compared to 2024, according to annual port freight statistics published by the Department for Transport. While overall volumes remained broadly stable, the figures reveal significant shifts in cargo composition reflecting wider changes in trade, energy and the broader economy. Container traffic recorded the stron
Giant Project ONE module arrives at Port of Antwerp-Bruges A giant module for Ineos' Project ONE ethane cracker has arrived at the Port of Antwerp-Bruges. The vessel Jin Xu Xiang 88 delivered the module from Abu Dhabi on 28 July. The structure stands 55 metres high, about the height of an 18-storey building, and weighs nearly 7,000 tonnes. According to the port, it is one of the largest pieces of project cargo handled in recent years. Another module, wei
Spain begins €345 million upgrade to strengthen Algeciras-Zaragoza freight corridor Adif aims to shift semi-trailer traffic from road to rail and strengthen freight links between the Port of Algeciras and inland Spain. Spain's rail infrastructure manager Adif has started a €345 million programme to upgrade the Madrid-Algeciras rail corridor for the transport of semi-trailers by rail. According to Adif, the works are part of a wider investment programme worth more than €680 milli
Japan Post targets container imports from South Korea Japan Post is targeting e-commerce business from South Korea, particularly as de minimis cargo shipped on sea is exempted from consumption taxes. Japan Post has tied up with South Korean forwarder KSE Global Logistics, which ships South Korean merchandise, such as cosmetics, on containers in ro-ro passenger ships (known locally as car ferries) that Camellia Line operates on the South Korea (Busan
Port of Melbourne container volumes rise 7.3% in June The Port of Melbourne handled 291,000 TEUs in June 2026, a 7.3% increase compared with the same month last year. Growth was driven by higher import, export and transhipment volumes. Full imports, excluding Bass Strait traffic, reached 117,000 TEUs, up 7.5% year-on-year. Full exports increased 4.2% to 56,000 TEUs. Full transhipment volumes recorded the strongest growth, rising 66.5% to 22,000 TEUs
Bunker volumes at Port of Rotterdam fall 25% in first half of 2026 Bunker volumes at the Port of Rotterdam fell 25.1% in the first half of 2026 compared with the same period last year. The biggest decline came from fossil marine fuels, which dropped 28.3%. Sales of Very Low Sulphur Fuel Oil (VLSFO) fell 46%, while High Sulphur Fuel Oil (HSFO) declined 24% and Ultra Low Sulphur Fuel Oil (ULSFO) dropped 31%. At the same time, sales of alternative fuels increased 2
Omani Plan: Hormuz stops being geography and becomes an institution Oman's Gulf-backed plan asks ships to pay for Hormuz passage voluntarily. The paradox: voluntariness makes the fee harder to refuse and harder to defend
Konecranes appoints Mara Zavagno as EVP, People & Culture Konecranes has appointed Mara Zavagno as Executive Vice President, People & Culture, effective 1 October 2026. She will join the Konecranes Leadership Team and report directly to President and CEO Marko Tulokas. Zavagno succeeds Anneli Karkovirta, who is retiring after 12 years with the company. Karkovirta will step down from the Leadership Team on 1 August 2026, as previously announced. Currentl
Freightos integrates live air cargo booking into FreightSuite's AI-native TMS Freightos has integrated its real-time air cargo pricing and booking platform into FreightSuite's AI-native transportation management system (TMS), enabling freight forwarders to quote and book air cargo without leaving their operating platform. The integration embeds Freightos for Forwarders directly into FreightSuite, giving users access to live pricing, capacity and eBookings from a network of
Le Havre supports logistics campaign for Courseulles offshore wind farm HAROPA PORT Le Havre is supporting logistics operations for the Courseulles-sur-Mer offshore wind farm, with Osaka Quay serving as a transfer and load-out base for monopile foundations since June 2026. The campaign is part of the construction of the offshore wind farm off the Normandy coast and involves the transfer of monopile foundations from heavy-lift transport vessels to an installation vess
Kuehne+Nagel expands Cool Corridor network for healthcare logistics Kuehne+Nagel has expanded its Cool Corridor network by adding four new airfreight routes for temperature-sensitive healthcare shipments, increasing the network to 12 dedicated lanes worldwide. The new routes connect Frankfurt and Atlanta, Chicago and Narita, Brussels and São Paulo, and Chicago and São Paulo, linking major pharmaceutical and healthcare hubs across Europe, North America, Asia-Pacif
Sustained robotic operations: where proof really begins In the Middle East, uncrewed maritime systems are supporting continuous national surveillance operations in extreme heat, high salinity, congested waters and a complex security environment. Since August last year, our operations have been running around the clock in live conditions, generating more than 13,000 hours of operational experience. Of everything we've done over the years, this has been
Borchard Lines reports 94% schedule reliability in first half of 2026 Borchard Lines achieved an average 94% schedule reliability during the first six months of 2026, significantly above the global liner shipping average reported by Sea-Intelligence. The carrier said its vessels maintained a 94% on-time performance between 1 January and 30 June 2026, compared with the 2025 global industry average of around 62%. Despite the strong performance, Borchard Lines noted t
Scorpio Tankers takes stake in eight VLCC newbuilds and adds LR2 pair Scorpio Tankers has taken a minority stake in an eight-ship VLCC newbuilding venture and lined up two more LR2 product tankers in China, widening a fleet renewal programme across three tanker segments. The New York-listed owner signed a letter of intent in July for two scrubber-fitted LR2s at Jiangsu Hantong Ship Heavy Industry. The vessels ...
Vafias stacks up more tanker orders in South Korea Harry Vafias-backed Stealth Maritime has added two MR product tankers at HD Hyundai Heavy Industries, extending a South Korean newbuilding drive worth around $1.3bn. Brokers are placing the 50,000 dwt ships at $53m each, taking the latest investment to $106m. Delivery is scheduled for the first half of 2029. Neither Stealth Maritime nor HD Hyundai ...
Blystad books up to six feeders at Chinese newcomer Arne Blystad-backed Songa Box has ordered two 1,300 teu containerships in China, with options that could lift the series to six vessels and its value to around $180m. The contract was signed with Hubei Guangji Green Energy Shipbuilding, with industry sources putting the price at about $30m per ship. Delivery dates and charter arrangements have ...
W Marine broadens newbuild drive with ultramaxes Greek owner W Marine has moved into ultramax newbuildings with an order for three 64,500 dwt bulk carriers in China. The Yiannis Sarantitis-controlled company has been linked to hulls DJHC6601, DJHC6602 and DJHC6603 at Jiangsu Dajin Heavy Industry, with deliveries lined up for May, August and November 2028. No price has been revealed. The ships ...
Jinhui doubles down on newbuild financing Jinhui Shipping and Transportation has followed up this week's first leaseback deal with another financing package, securing up to $34m against two ultramax newbuildings at Jiangsu Hantong Ship Heavy Industry. The Oslo-listed owner will sell the ships, to be named Jin Han and Jin Ming, to two vehicles owned by Jiangsu Financial Leasing before chartering ...
Seacor Marine reviews future as investors push for sale Seacor Marine has announced that it is evaluating a range of strategic alternatives that may include several ways of maximising shareholder value, including a sale of the entire company or its assets. The company said that it was evaluating options for a sale of the company, a merger, other business combinations, the sale of assets, ...
Petra Marine sells accommodation barge pair Subsidiary of Malaysia's Petra Energy, Petra Marine, has agreed to sell two Malaysian-flagged accommodation work barges in separate deals worth a combined $15m. The company entered into a memorandum of agreement with India-based AJR Oil & Gas Engineering Services to sell the Petra Endeavour for $7.75m, equivalent to approximately RM31.68m. The 2009-built accommodation work barge ...
OceanPact snaps up Brazilian ship repair yard Brazilian offshore vessel owner OceanPact has acquired Dock Brasil, a ship repair and docking yard located near Rio de Janeiro, for R$119m ($23.1m). Dock Brasil said the goal of this acquisition was to further strengthen its role as a shipyard focused on serving the entire maritime support vessel industry. The completion of the operation is ...
China pulls ahead of Europe in green shipping fuels China is turning green shipping fuel projects into production far faster than Europe, with three operational Chinese plants already producing 10 times the combined output of six running European sites. New analysis from campaign group Transport & Environment found 69 European hydrogen and e-fuel projects that could supply shipping, with potential output of 4.09m tonnes ...
GTT sees need for another 550 LNG carriers by 2035 French containment specialist GTT expects around 550 LNG carriers to be ordered over the coming decade, despite the sector already carrying one of the largest newbuilding backlogs in commercial shipping. The forecast covers contracts placed between 2026 and 2035 and sits alongside expected demand for between 25 and 40 very large and ultra-large ethane carriers, ...
Drone strike hits FSRU and LNG carrier at Egyptian terminal A floating storage and regasification unit and an LNG carrier have been hit in an apparent drone attack at Egypt's Damietta terminal, potentially extending the Middle East's rapidly widening maritime conflict into the Mediterranean. Maritime security firm Ambrey assessed that an unidentified drone struck the US-owned Energos Winter while it was alongside on Wednesday. The ...
US targets Iran's Hormuz 'extortion scheme' and eight shadow tankers The United States has sanctioned two Iranian companies accused of operating an IRGC-backed "extortion scheme" that forces commercial ships to buy maritime insurance before transiting the Strait of Hormuz. The Treasury Department said Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority sell mandatory, Iranian-approved policies purporting to protect vessels from seizures
COSCO lines up 15 newcastlemaxes COSCO Shipping Development has approved orders for 15 newcastlemax bulk carriers in a RMB7.92bn ($1.1bn) expansion of its ship-leasing portfolio. Ten of the 210,000 dwt vessels will be built by Shanghai Waigaoqiao Shipbuilding, with the remaining five contracted at Nantong Xiangyu Shipyard. Each ship is priced at RMB528m before tax. The Xiangyu vessels are scheduled ...
Houthis weigh toll scheme for Red Sea shipping Yemen's Houthis are considering charging commercial ships to pass through Bab el-Mandeb, potentially transforming their campaign of missile and drone attacks into a revenue-generating system controlling access to the southern Red Sea. Regional officials told Reuters that the Iran-aligned movement is examining fees for most vessels using the strategic gateway linking the Red Sea and ...
The chemical blind spot in ballast water treatment Ballast systems are judged on whether they kill invasive organisms, not on what their oxidant chemistry leaves behind. With billions of tonnes discharged each year, ports still have little idea how much bromoform and other by-products are accumulating in their waters. Captain Alex Byelyavtsev reports. Ballast water treatment was built for one problem: ships were ...
Itajaí container terminal concession hearing pushed to August Brazil's waterways regulator has postponed a public hearing covering the planned concession of the principal container and general cargo terminal at the Port of Itajaí. The hearing on the ITJ01 lease will now take place virtually on August 6, one week later than originally scheduled. The process will gather industry feedback on the technical and ...
Splash Singapore: Baltic Exchange's Mark Jackson on the rise of outcome markets Shipping's next generation of risk management tools could allow owners and charterers to hedge directly against specific events rather than relying solely on traditional freight derivatives, according to Mark Jackson, chief executive of Baltic Exchange. Jackson, who joins the dry bulk markets panel at September's Splash Singapore conference, says outcome markets could emerge alongside freight ...
Tanker execs cite 'unprecedented' disruptions, rising complexity and safety risks Tanker earnings season has begun and, unsurprisingly, the effects of geopolitical disruptions on freight markets are taking centre stage on...
The Daily View: Disruption is not a business model
Diana says Genco battle is distracting market from its own performance Greece-based bulker owner posts sharp increase in profits
United Maritime leans towards capsizes Acquisition of two capesizes and sale of two panamaxes has rebalanced fleet
Seanergy Maritime adds two more capesizes to fleet expansion programme Japanese newbuilding brings company orderbook to seven, while four-year-old cape added from secondhand market
Marine underwriters extend high-risk areas after Houthi attacks on Saudi tonnage Joint War Committee decision will see more owners subject to additional premiums
US should create publicly funded container line, says report A lack of domestic container shipping capacity is a threat to US national security, author Arnav Rao argues
Middle East port update: Thursday, July 30 In Saudi Arabia, there are presently no alerts or warnings issued by the local port authorities
VLCCs lighten loads to slip through Suez as Houthi blockade bites Switched-off transponders and part-discharged cargoes reveal how far tanker owners are going to keep Saudi crude moving under the shadow...
LNG carrier hit in strikes on Egypt Drone strikes on two LNG vessels at Egypt's Damietta terminal mark a potentially significant expansion of Middle East hostilities, bringing...
Saudi Arabia and the UAE resume diplomatic attacks on IMO carbon price Saudi Arabia and the UAE have made further attacks on the Net-Zero Framework ahead of technical talks set for September
Suezmax hit in latest Ukrainian attack on key oil pipeline A suezmax tanker carrying Kazakh crude has become the latest vessel struck at the Caspian Pipeline Consortium terminal, underscoring the...
Norway says Liberia's no-tax NZF alternative isn't fit for purpose Norway has joined the EU and Pacific states in criticising Liberia's proposed alternative to the Net-Zero Framework, saying it would...
Qatar's LNG carrier transits Hormuz via Iran-approved route QatarEnergy's Al Areesh became the first Qatari LNG carrier to exit the Strait of Hormuz in three weeks
Daily Briefing The price of passage through the Strait of Hormuz | Tanker stocks up double digits during a month of geopolitical...
Impact of C.H. Robinson verdict on broker liability uncertain Last week's $604 million advisory verdict from a Dallas County jury isn't final and will be appealed if approved, but liability is becoming a bigger issue for freight brokers.
Latest trans-Pac rate push by carriers will test resilience of early peak Major carriers on the trade lane have notified customers of spot rate increases in excess of $1,000 per FEU effective Aug. 1, with forwarders saying the hikes could stick.
DSV, K+N scale up investment to capture AI-driven productivity gains The ability to commit enormous human and financial resources to deploy AI-initiatives across divisions and geographies provides the world's two largest forwarders with a competitive advantage over smaller forwarders.
Turkish ship suffers 'serious damage' amid Russia's Black Sea onslaught Three drones hit Safir Gemi-controlled general cargo ship, Azerbaijani media report
US military rejects Tehran's claim that sanctioned VLCC sneaked though blockade Tehran's state media says crude tanker Nora passed through what US calls a 'steel wall blockade'
Bahri orders LNG dual-fuel newbuildings as profit piles up National shipping line records profit growth for the first six months of 2026
Indian buyer emerges as Dorian LPG completes third VLGC sale of 2026 Deal appears to mark VLGC ownership debut for India's JM Baxi
Emanuele Lauro on new VLCC partner: 'We've had a relationship with this gentleman for many years' Could the New York-listed owner actually wind up operating the big tankers this time?
Genco investment gains power higher profit at Diana Shipping Shares in takeover target Genco Shipping & Trading have appreciated by 60% over the past 12 months
d'Amico doubles down on tankers with plans to buy and charter ships Italian owner DIS says product carrier earnings should support the likely purchase of at least one MR tanker
Britannia cuts losses as Baltimore bridge disaster fallout continues Insurer claims significant improvement despite second year of underwriting losses
Seanergy rides capesize wave as it boosts dividend and orders on record profit Stamatis Tsantanis-listed outfit enjoys its highest freight rates in more than four years
Renewed Houthi Red Sea strikes see insurers hike Yanbu port call costs Lloyd's of London war committee expands war risk zones to larger parts of vital waterway
d'Amico profit soars as record tanker rates fuelled by Middle East chaos Geopolitical turmoil drives big profit surge at Milan-listed tanker arm
Houthis mull Red Sea toll plan inspired by Iran Kpler study said coastal states could earn $136bn a year from tolls on top 10 global chokepoints
D'Amico profit soars as record tanker rates fuelled by Middle East chaos Geopolitical turmoil fuels big profit surge at Milan-listed tanker arm
Scorpio unveils series of tanker newbuildings amid near-record-beating quarter Clean product giant generated $604m in the first half, as third-quarter bookings have cooled from peak
Adnoc L&S linked to six-strong VLCC raid as UAE battles to keep oil flowing State shipowner linked to deals with a host of international players
NYK buys into growing pure-play LNG company MidOcean Energy Shipowner said it is forging partnership for LNG marine transportation
Energy giants bid to supply LNG bunkers to Singapore as city-state tightens environmental rules New licensing round signals a notable shift in what the world's top bunker port expects
Dividend and disruption: Why crude tanker stocks are sailing ahead of product peers This week's Streetwise looks at the valuation disparity between owners of crude and clean product tonnage
QatarEnergy braves Strait of Hormuz with first LNG shipment in three weeks Producer is moving to source US cargoes for its customers as disruption rolls on
Procopiou and Alafouzos tankers hit in new Black Sea strikes against CPC Key outlet for Kazakh oil, which crosses Russia, has been a frequent target of Ukrainian drones
'It's our turn': US launches two-hour attack on Iranian targets Both sides continue to grapple for control over shipping traffic through Strait of Hormuz
Bahri orders LNG dual-fuelled newbuildings as profit piles up National shipping line records profit growth for the first six months of 2026
Russia strikes three ships in Ukraine it claims were carrying weapons Ukrainian authorities have not yet confirmed impact on vessels
Japanese shipping giant MOL puts a price on shipping's climate future Owner models how regulation, fuel shifts and new businesses could reshape earnings
Shoreside product tanker arrested by manager in Singapore The Arthgallo was arrested by its technical manager and a ship repair company over unpaid bills
Hengli Heavy wins order for six 4,600-teu feeder container ships worth $433m Zhenghe Mainline has 11 container ships on order at Hengli
Chinese giant splurges $780m on new bulkers that have decades of work lined up before first steel is cut Order for 15 newcastlemax newbuildings split between shipbuilders Shanghai Waigaoqiao and Nantong Xiangyu
Auction looms for bulker after high-profile Australian ban Beyond the hammer price, buyers will have to pay to put the ship through its second special survey
Arne Blystad backs Chinese feeder play with order for up to six ships Songa Box turns to a fast-growing Chinese shipbuilder for 1,300-teu newbuildings that could be worth up to $180m
Louisiana: Motta request rejected, murder trial nears There won't be a new trial for Vanessa Motta, the New Orleans attorney convicted in the Louisiana staged accident scam. But next month there will be a criminal trial for two men charged with gunning down a witness to the scheme that slammed cars into trucks with the goal of generating a fat insurance payout. Motta was one of two attorneys convicted in March of being one of the ringleaders of the
UPS intensifies effort to attract small businesses United Parcel Service continues to invest in winning and retaining small-and-medium businesses, a key market constituency it has targeted over two years as a profit center as it deemphasizes low-margin, final-mile deliveries for large e-commerce shippers. On Thursday, the Atlanta-based parcel logistics giant unveiled several digital tools aimed at enhancing and simplifying the shipping experience
CPKC income higher as revenue sets new second-quarter record CPKC set a second-quarter revenue record and saw its operating income rise on the strength of grain, automotive, and energy-related shipments. "The performance, if you look at it, reflects the strength of the CPKC (NYSE: CP ) franchise, the resilience of our business mix, and the continued benefits of uniquely connecting Canada, U.S., and Mexico," Chief Executive Keith Creel told analysts and inv
Saia's Q3 margin guidance disappoints investors Less-than-truckload carrier Saia's shares were off 12% in midday trading on Thursday following a better-than-expected second-quarter report that was muted by management's softer third-quarter margin outlook. The company has made real estate investments totaling over $1 billion in recent years, and its new locations are still working to close the profitability gap to the rest of the network. Saia
Chips to ships: Nvidia plans new shipbuilding investment with Kawasaki Can the world's newest technology give a boost to one of transportation's oldest? A plan by leading Asia companies wants to find out. Nvidia and Kawasaki Heavy Industries announced a joint effort to build a "next-generation digital shipyard" at Kawasaki's Sakaide Works in Japan. The core of the deal is co-development of AI-powered robots for shipbuilding tasks such as welding, painting, inspectio
C.H. Robinson earnings call shifts to nuclear verdict as key topic It did not take long on the C.H. Robinson second quarter earnings call with analysts late Wednesday for the subject to switch away from a strong financial performance in the quarter to the fallout from its more than $600 million nuclear verdict handed down in a Texas courtroom last week. While there might have been some speculation that CEO Dave Bozeman and other members of the management team mi
Terminal raises $20M to untangle fleet telematics data Terminal, a Toronto-based telematics data startup, has raised $20 million in Series A financing led by Battery Ventures, the company announced Wednesday. Intact Private Capital and Penske joined as new strategic investors, with Y Combinator and Wayfinder Ventures returning. The round brings Terminal's total funding to $26 million since its 2023 founding. The company sells a single API into one of
XPO's Q2 earnings beat expectations behind strong LTL performance XPO blew past analysts' expectations for the second quarter. A better freight mix and numerous AI-fueled efficiency initiatives produced record operating results in its less-than-truckload unit. XPO ( NYSE: XPO ) reported second-quarter adjusted earnings per share of $1.70, which was 23 cents ahead of the consensus estimate and 65 cents higher year over year. The adjusted EPS number excluded tran
Freight Hero raises $5 million for broker back offices Freight Hero, a Durham, North Carolina, startup that runs freight brokers' back-office operations outright, has raised $5 million in a seed round led by Field Ventures. Flybridge Capital, Tip Top VC and Front Porch Venture Partners also participated, bringing the company's total funding past $6 million. The company is selling brokers something different from software. Freight Hero charges a flat
Is pause in new ship orders by South Korean flag carrier a warning? South Korea's flag carrier is dramatically shifting course on new vessel orders in a move that could be a warning signal to global shipping. Hyundai Merchant Marine ( 011200.KS ), the world's eighth-largest liner, said it will pause finalizing newbuild orders for at least 10 additional 13,000-TEU liquefied natural gas dual-fuel container ships that were planned for the second half of 2026. Instea
J.B. Hunt on Freight Recession & Rate Hikes: What's Next? Summary View Transcript The trucking market is undergoing significant changes, with spot capacity rates seeing a dramatic year-over-year increase. J.B. Hunt's SVP of Operations, Josh Phelan, explains how supply-side pressures, cost inflation, and a tight driver market are driving these shifts. Learn why the industry needs higher rates to reinvest and what this means for the freight economy. J.B.
Freight Rates: Are they rising because of DEMAND or CAPACITY? Summary View Transcript The latest Q2 earnings reports from major trucking and rail carriers paint a clear picture: the freight market is tight, and rates are rising. But is it really about surging demand? Discover the underlying reasons behind increasing contract and spot rates, elevated tender rejections, and how regulatory pressures are shaping market capacity. We break down the key takeaways
Knight-Swift Q2: Why This Carrier's Profit Beat Signals Market Shift Summary View Transcript Knight-Swift's Q2 earnings blew past expectations, driven by an impressive surge in truckload rates. Our Finance Editor, Todd Maiden, breaks down how this signals a major inflection point in the freight market. With aggressive rate reviews and strategic adjustments, Knight-Swift is poised for significant profit growth that hasn't even hit the books yet. Knight-Swift Transp
Rail Merger Promises: "Where's the Beef?" | FreightWaves Today Summary View Transcript Paul Tonsager, CEO & Founder of Integrated Multi-Modal Solutions, questions the ambitious claims of the recent rail merger applications, asking "Where's the beef?" in terms of specifics for truckload diversions. He discusses the long-term growth stagnation in freight, the immediate opportunities for railroads, and the complex dynamics of intermodal relationships. Discover
Unpacking Rail Earnings: How Volume Growth Fuels Merger Talks Summary View Transcript Railroads are seeing a significant upturn in Q2 earnings, with most Class 1 carriers raising their guidance. But the big story is the revelation of strategic deals between Union Pacific and Canadian National, directly tied to the CPKC merger. Discover how these competitive shifts will redefine domestic and cross-border rail operations, bypassing congested hubs and expandin
Housing Market Crash Slams Last-Mile Delivery: What's Next? Summary View Transcript The last-mile delivery sector for big and bulky items is experiencing a significant slowdown, with growth rates halved. FreightWaves' Eric Kulisch breaks down how a weak housing market, high mortgage rates, and shifting consumer behavior are directly impacting the movement of furniture, appliances, and more. Learn why execution and AI-driven technology are becoming crucial
Massive $600 Million Nuclear Verdict Hits C.H. Robinson & Brokerage Industry Summary View Transcript A $600 million nuclear verdict against C.H. Robinson sends shockwaves through the brokerage industry. This landmark post-Montgomery case goes beyond typical carrier liability, with the jury effectively deeming the independent carrier's driver an employee of C.H. Robinson. John Kingston, Editor at Large for FreightWaves, breaks down the implications for brokers, carriers, a
Broker Liability: $604M Judgment Signals New Era of Risk in Trucking Summary View Transcript The trucking industry is bracing for a wave of "nuclear judgments" following a massive $604 million verdict against an operating transportation company. This isn't an isolated incident; it's a sign of a looming crisis where brokers are increasingly targeted by plaintiff attorneys. Find out how this shifting legal landscape will impact operations, compliance, and profitabil
The Unforeseen Pivot: XPO's Bold Asset-Heavy Acquisition Summary View Transcript Dennis McCaffrey, SVP at RXO, shares incredible insights into XPO's (and now RXO's) strategic evolution, including Brad Jacobs' surprising pivot from an asset-light brokerage rollup to a major asset-heavy operation with the acquisition of Con-way. Learn what drove this monumental shift and how it reshaped the logistics landscape. McCaffrey also details RXO's current streng
RateSafe: The App Giving Truck Drivers Decision-Making Power [Hackathon Winner] Summary View Transcript RateSafe, the winning app from FreightWaves' Driver App Shortage Hackathon, is changing how truckers evaluate loads. Developed by Sean Conley of Vantage Logistics, this app uses SONAR API data and personalized driver metrics to help owner-operators decide whether to 'take, avoid, or counter' a load. It goes beyond just price, considering fuel economy, home time, and market
Last-Mile Delivery: The Hidden Costs of Poor Reliability | FreightWaves Today Summary View Transcript Last-mile delivery is more complex than ever, and consumer expectations are rapidly evolving. Jake Stein, VP of Retail Growth at Burq and former Uber Direct leader, explains why reliability is now more important than speed for customer satisfaction. Discover how retailers can leverage hybrid models and AI-enabled platforms to meet these shifting demands, optimize costs, an
Freight Efficiency: How to Solve the "Dumb Box" Problem in Trucking Summary View Transcript The logistics industry has a dirty little secret: trailers sit idle for 30-40% of their lifespan, costing carriers and shippers millions. Chris Hines, CEO of REPOWR, reveals how their new Trailer Optimization Platform (TOP) is transforming this inefficiency into opportunity. Discover how advanced data feeds and an execution layer can automate repositioning, boost utilizati
Trucking Capacity Tightness: Why It's Here To Stay Summary View Transcript The freight market is seeing a major shift: capacity is tightening due to regulatory pressures and driver challenges, not just demand. Discover how these factors, alongside diverging spot rates and diesel prices, are impacting carriers and the overall supply chain. This deep dive into Q2 earnings from major players like Knight-Swift, Werner, and J.B. Hunt reveals a long-te
Trucking Company's ESOP: How Employee Ownership Drives Low Turnover (35%) Summary View Transcript Nussbaum Transportation, a leading 600-truck fleet, made a pivotal decision in 2018: transitioning to an Employee Stock Ownership Plan (ESOP). CEO Brent Nussbaum reveals the motivations behind this move, emphasizing a core philosophy passed down from his father: 'take care of your people.' Discover how employee ownership helps retain drivers with industry-low 35% turnover
Rail Merger: UP CEO Says it's BETTER for Consumers | FreightWaves Today Summary View Transcript Rail traffic is UP, but the biggest story in North American rail is the proposed CPKC-KCS merger. We unpack the latest AAR data and hear why Union Pacific and Norfolk Southern CEOs believe this merger will be *better* for consumers, improving service, lowering costs, and bringing trucks off highways. But competitors aren't convinced. Get the full breakdown of rail volumes
Trucking Earnings: Why UPS Is Falling Behind in a Robust Market Summary View Transcript While the freight market shows resilience, UPS earnings paint a different picture, raising questions about Amazon's impact and the carrier's restructuring. Meanwhile, truck OEMs like PACCAR are reporting strong performance, indicating robust demand and favorable pricing ahead. Christopher Versace breaks down the Q2 earnings season in logistics and transportation. UPS stock
The 'Capacity Tax': How AI Data Centers Alter Freight Markets Summary View Transcript The freight market is behaving unusually, and AI data centers are a major reason why. IntelliTrans' Blake Ezell explains how this 'silent competitor' for specialized flatbed capacity is driving up rates for traditional bulk shippers, even as overall volumes soften. Discover why a growing digital world creates a physical 'capacity tax' for your supply chain, and what shippe
Eyes on sub-70 OR, Old Dominion plans more capex Management at LTL carrier Old Dominion Freight Lines has said frequently that their goal is to get the company back to a sub-70% operating ratio (OR), where it was for a couple of quarters in 2022. It almost got there in the second quarter of 2026 , helped by a boost from real estate transactions that management on the company's quarterly earnings call with analysts said are not likely to be repe
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