Eldorado outbids Saipem in drillship sale
Norwegian rig owner Deep Value Driller has agreed to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling for $300m, after a last-minut...
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Matson reports solid Q4 2025 results and stable 2026 outlook
Matson, Inc. has announced its financial results for the fourth quarter and full year 2025, showing a resilient performance despite a slight dip in consolidated...
China’s Zhi Fei achieves world-first fully unmanned container operation in Qingdao
Following years of incremental testing and successful sea trials, the smart container vessel Zhi Fei has reached a definitive milestone in maritime history. On ...
COSCO ups involvement in Hamburg with planned takeover of Konrad Zippel
The COSCO group is to acquire an 80% stake in German logistics provider Konrad Zippel, raising its presence in container activities in Hamburg after its 2023 p...
Euroholdings reports strong Q4 recovery and record 2025 net income
Euroholdings Ltd has released its financial results for the fourth quarter and full year ending December 31, 2025. Despite operating a smaller fleet than in t...
Lessor ATSG quits Airbus A321 cargo conversion joint venture
Air Transport Services Group, the world’s largest lessor of freighter aircraft and a contract cargo airline for customers such as Amazon and DHL Express, has...
BMO’s quarterly earnings suggest truck credit might be improving
Credit data for the transportation segment at Canada’s BMO bank showed the first signs in several years of an improving trucking market in the quarte...
After 2019 flood, Arkansas port gets $8M for rebuild
An Arkansas river port will receive $8.1 million in federal funds to modernize and expand rail capacity after a destructive 2019 flood. The funding was secu...
Cold storage market working off oversupply
Temperature-controlled warehouse operator Lineage said the market is shaking off the effects of excessive facility construction and post-pandemic inventory des...
FedEx invests $250M for dedicated parcel hub at new Mumbai airport
FedEx is investing about $250 million in the development of its own dedicated cargo processing facility at a new second airport in Mumbai, India. Developers...
Intermodal union, BNSF in new pact
BNSF Railway said it has reached a new five-year, collective bargaining agreement with members of the Transportation Communications Union/IAM (TCU) intermodal g...
Cartel violence disrupts Mexico trade corridors, but freight still moving
A deadly military operation targeting the leadership of the Jalisco New Generation Cartel (CJNG) has rattled western Mexico’s logistics network, disrupting po...