Broad gains as rail carloads stay ahead of 2024
For a fourth straight week, U.S. rail traffic has recorded an increase of more than 5% over the same week a year earlier.Statistics from the Association of Amer...
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Orbcomm’s debt rating holds at Moody’s but is deep in speculative territory
Electronic logging device and Internet of Things provider Orbcomm and its parent saw their debt ratings affirmed by Moody’s, but they remain deep in speculati...
Burmester & Vogel expands with Laysoft acquisition
Boston-based maritime technology company Burmester & Vogel (B&V) has acquired Windows-based laytime calculation software Laysoft for an undisclosed amount.Found...
Constellation Oil Services nets jackup deal with Petrobras
Brazilian offshore driller Constellation Oil Services has won a contract from compatriot oil and gas giant Petrobras for jackup rig work.The company said it was...
A look at DeJoy’s Postal Service legacy after quick departure
Louis DeJoy’s effort to turnaround the U.S. Postal Service’s financial fortunes was made more difficult by a host of entrenched interests, but he threaded t...
AD Ports Group’s Maqta technologies partners with Indra Group for digital trade solutions
AD Ports Group has announced a strategic partnership between its digital arm, Maqta Technologies Group, and Indra Group.This collaboration aims to explore joint...
Contoro Robotics raises $12M to scale AI-powered trailer unloading
Contoro Robotics announced Tuesday it has raised $12 million in a Series A funding round to scale its AI-powered trailer- and container-unloading robots.Accordi...
Automotive resurgence? Hyundai’s $21B bet on the US
The American automotive industry finds itself at a critical juncture in 2025, with conflicting signals about its future trajectory. On one hand, recent announce...
Nortrans pens deal with Saipem for flotel work on Chevron’s Australian project
Singapore-based Nortrans Offshore has been awarded a contract with Italian giant Saipem for work on the Jansz-Io compression project offshore Western Australia....
Arkansas lawmakers debate crackdown on undocumented truckers
The Arkansas House of Representatives and Senate are debating two bills to enact harsher punishments against truck drivers who are in the U.S. illegally and obt...
ClassNK appoints new president
Hayato Suga has been promoted from senior vice president to become president and CEO of ClassNK, replacing Hiroaki Sakashita who becomes chairman of the Japanes...
Breaking: Postmaster General Louis DeJoy announces sudden departure
U.S. Postmaster General Louis DeJoy on Monday announced he was stepping down immediately, getting ahead of what several media accounts from Washington said was ...