Weaker container volumes, rates lead Q3 loss for ONE ocean group
Softer freight volumes and weaker rates saw Ocean Network Express suffer a net loss of $88 million on revenue of $4.074 billion in the third fiscal quarter of 2...
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China company will give up Panama Canal ports after court ruling
The Chinese company that operates ports at the Panama Canal will have to give up control after that country’s Supreme Court ruled the concession was unconstit...
Maersk Air Cargo to cancel Asia-US flying with Boeing 767s, Amerijet
Maersk Air Cargo, a unit of integrated container shipping giant A.P. Moller – Maersk, is terminating its air transport contract with operator Amerijet aft...
Bill empowers truck drivers to fight flawed safety data
WASHINGTON — Bipartisan legislation introduced in Congress this week aims to strip away the red tape that has long allowed flawed data to derail trucking ...
CPKC profits rise as economy, trade issues drag freight
Canadian Pacific Kansas City on Wednesday reported higher fourth-quarter profits on freight volumes that narrowly improved.“Our story is about continuing ...
Business groups back freight brokers in Supreme Court trucking liability fight
In a big Supreme Court showdown over trucking accidents, major business groups have filed a friend-of-the-court brief supporting freight brokers. The case, Shaw...
UPS sees higher profits in 2026 from network, Amazon downsizing
UPS on Tuesday said it would eliminate an additional 30,000 frontline jobs and at least 24 facilities as part of a multiyear strategy to recharge growth through...
OmniTRAX names Dreier as chief commercial officer
Rail and supply chain infrastructure company OmniTRAX has named Ryan Dreier as its new chief commercial officer, the company said today.Dreier joined OmniTRAX a...
Stena Bulk takes control of GSB tanker venture
Swedish tanker owner Stena Bulk has moved to strengthen its position in the chemical and specialised tanker market after lifting its stake in Golden Stena Baycr...
FedEx Freight will begin life as an investment-grade credit
FedEx Freight, the delivery company’s LTL spinoff, will be entering the world with a debt rating one notch less than the parent company.S&P Global Ratings sai...
Valenciaport grew in container traffic in 2025
Valenciaport’s port facilities closed 2025 with a positive balance in container traffic, handling a total of 5,662,661 TEUs, representing an increase of 3.41%...
Caravel tightens grip on Pacific Basin, rules out takeover bid
Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder in the dry ...