Freight Logistics

These are the most popular stories in the Wall Street Journal. The?has not?verified these stories and?does not?vouch for their accuracy. Union Pacific has struck a deal with Canadian National Railway in which it will give Montreal Railway more access to the Midwest, in exchange for the company ending its opposition to Norfolk Southern's merger with the American railroad. After the companies made concessions in relation to film distribution, the European Union has approved Paramount's $81 Billion bid to purchase Warner Bros Discovery. IBM CEO Arvind Krsna urged the company to shift its sales force away from large licensing deals and...

CMA -CGM, a French shipping company, has acquired FedEx's "third-party logistics" business, valued at $1.4 billion. The deal was announced on Wednesday, in an effort to increase its presence both in the United States and the logistics industry. The deal, which is expected to be completed later this year, will give CMA CGM, via its CEVA Logistics subsidiary a total of 20,000 contract logistics employees and 150 warehouses in North America. CMA CGM announced that following the acquisition the companies will also develop partnerships, under which CMA CGM would be the "preferred ocean carrier" for FedEx, and they would collaborate...

FedEx Freight announced on Thursday that it expects its revenue to 'rise between 4% and 6% in the seven months leading up to December 31, while adjusted operating income will grow between 0.8% and 7.5%. This comes just weeks after completing a'separation? from parent FedEx Corp. FedEx Freight, based in Memphis, is the leading provider of LTL (less-than-truckload) services. Multiple shipments, from multiple customers, are transported on one truck and then routed via a network service centers where they're transferred to other trucks that have similar destinations. Freight trucking firms have reported?improved industrial demand, citing U.S. manufacturing activity that?grew for...

Zambia announced on Thursday that it had agreed with U.S. Agency Millennium Challenge Corporation to increase the use of $491'million agriculture grant programme' to support key critical minerals infrastructure. Signed in 2024, the "farm to market" grant was initially intended to boost agricultural development in Africa’s No. 2 copper producing country. The Zambian finance ministry released a statement that said, "The realignment of the railway will support Zambia's agriculture and critical minerals economy along the Lobito Corridor -- a major economic corridor for Zambia." The 'Lobito Corridor' is a rail connection between Angola's Atlantic port of Lobito and the top...

The Indian Embassy in Oman reported that India had?reported a ship incident off the port of Shinas in Oman earlier Thursday. This was a day after a U.S. led attack on another vessel killed three Indian seafarers. This was the third incident of this kind in the last week. The U.S. military claimed to have attacked MT Marivex, and?Settebello. Both vessels were manned by Indian seafarers. The Indian Embassy in Oman has not specified if there were Indian seafarers aboard the vessel that was involved in the incident on Thursday. The Indian Embassy in Oman posted on social media that...

The Houthis, who are aligned with Iran in Yemen, announced on Monday they would bar ships from the Red Sea that were linked to Israel after Israel re-launched its military strikes?on Iran. This has added to global concerns over shipping and energy flow. Here's why and what it means for the Iran war and global energy crisis. How big is the risk to global energy markets? Iran's closing of the Strait of Hormuz after?Israel attacked and the United States on February 28?has disrupted the majority of oil and energy exports out of the Gulf. This has caused a major energy...

Corriere della Sera, an Italian newspaper, reported that Castlelake, a U.S. investment company, is interested in MSC, which is the largest shipping group in the world, as a possible partner for a takeover bid of 'British budget airline easyJet. EasyJet's shares were up by 2.3% at 0803 GMT. They are up about 15% since Castlelake announced last week that it is in the preliminary stages of considering an easyJet takeover. The price would be over 403.23 pence a share. According to British takeover rules, the firm only has until 26 June to either make a bid or walk away. Analysts...

U.S. Container Imports Dropped 5.5% In April As?Importers Deal With Trade Policy Uncertainty And Geopolitical Risks, Supply Chain Technology Provider?Descartes Systems Group Said?On Friday. U.S. President Donald Trump’s changing trade policies have hit containerized?import _volumes. Iran has closed the Strait of Hormuz, a vital shipping route for energy supplies after U.S. and Israeli?strikes against the country. Import trends can be viewed as a measure of the U.S. economic health. They rise when the economy is strong, and fall when it is weak. Descartes data showed that U.S. ports handled 2,277.965 twenty-foot equivalent units in April, which was a 3.2% decrease...

The shares of logistics firm Expeditors international of Washington rose 6.3% on Tuesday after it posted a higher-than-expected quarter profit. This was due to increased air freight volumes and strong demand for its customs brokerage services. Expeditors, for example, benefited from the fact that U.S. importers used freight and customs brokers to help them navigate President Donald Trump’s evolving trade policies. The company's brokerage services revenue jumped by 17%, to $1.15billion in the first quarter. The company's largest segment, customs brokerage, contributed 41% of its overall revenue. But CEO Daniel Wall stated that the company anticipates "the freight climate to...

Amazon.com announced on Monday that it would be launching "Amazon Supply Chain Services", which will allow other businesses to access its logistic network. The company announced that businesses of all sizes and types can now store, move and deliver anything from raw materials to final products, using Amazon's supply-chain network. This includes freight, fulfillment and distribution, as well as parcel shipping. In premarket trading, UPS and FedEx shares fell by 1.5% and 2.5% respectively. Amazon announced that Procter & Gamble and American Eagle Outfitters, both apparel firms, were among the earliest to sign up for a supply-chain service. Amazon has...

Old Dominion Freight Line, a trucking company, reported a first-quarter profit that exceeded analysts' expectations on Wednesday. Improved pricing offset the impact of lower shipment volumes. Old Dominion, one of the biggest 'less-than truckload?firms, said that its revenue per shipment, which is a measure for pricing, increased 5.9% in the third quarter. J.B. Hunt, a contract trucking company, said earlier this month that it had seen'signs of recovery' in trucking rates. This was due to a tightening up of regulations governing truckload capacity, which included a restriction on commercial driver licenses for non-U.S. residents. This led to the departure of...

Old Dominion Freight Line, a trucking company, reported a?decline?in its first-quarter profits on Wednesday. This was attributed to?lower shipment volumes. However, the firm highlighted an improvement in pricing. U.S. trucking companies have been stuck in a lull for a long time as an excess of supply has driven down rates, while operating expenses continue to rise. The challenges faced by these companies have intensified over the last year, as the uncertainty surrounding the Trump administration's changing trade policies has exacerbated the decline in volumes and the weakening of demand. J.B. Hunt - a contract trucking company - had said earlier...

L'IMAD Abu Dhabi sovereign wealth fund, led by the crown prince of the emirate, plans to bid for all shares in 'Abu Dhabi Ports', the global port operator. It announced this on Monday. L'IMAD owns a wholly-owned?subsidiary ADQ that holds 75.42% of the shares in?AD Ports. It is now looking to purchase the remaining share capital through a voluntary conditional cash offer. According to's calculations, the offer represents a 23 percent premium over AD Ports's closing share price of 5.10 dirhams for August 14. This value would put AD Ports at more than 31.2 billion dirhams (approximately $8.6 billion). L'IMAD...

Oman presented to Iran a proposal for a regional?joint mechanism to manage the Strait of Hormuz with voluntary fees. On Tuesday, a Gulf?source told? Source: Under the Omani plan, which is supported by the region, Iran will not be the sole owner of this vital waterway. The proposal is based upon the Strait of Malacca where users of the strait contribute to navigation, environmental protection, and search and recovery. U.S. air strikes on Iran were abruptly suspended over the weekend. This raised hopes for a diplomatic resolution that would allow shipping to resume in the Strait of Hormuz, which was...

DP World announced on Wednesday that it would build two new container terminals at Fujairah, a city on the eastern coast of the United Arab Emirates. The Gulf state is working to reduce its?dependence? on the Strait?of Hormuz due to the Iran War. The Dubai-based company said that the 'development' will expand DP World UAE capacity and gateway networks, giving customers more choice, flexibility and connectivity on regional and global trade routes. The development, once operational, will increase DP World’s total container handling capability in the UAE from 19.4 million Twenty-foot Equivalent Units (TEUs), to nearly 22 million TEUs. It...

Shipping data shows that Gulf countries have boosted crude oil and condensate exports to their highest level since the Iran War began late in February. Although the flow through the Strait of Hormuz is now slowing, as fighting escalates. Kpler data showed that crude and condensate imports from Saudi Arabia and the United Arab Emirates increased by about 16 percent from the average daily exports of June to 12 million barrels of oil per day in the first half July. Vortexa estimated that exports for the period were even higher at 13.06 million bpd. Kpler reported that Saudi Arabia, Iran,...

Shipping data shows that Gulf countries increased 'crude oil' and 'condensate" exports to their highest level since the Iran War began late in February. However, the flow of crude oil through the Strait of Hormuz is now slowing down as the fighting escalates. Kpler data shows that crude and condensate imports from Saudi Arabia and the United Arab Emirates increased by about 16 percent compared to the entire June daily average, reaching 12 million barrels a day (bpd), in the first half of July. Vortexa estimated that exports for the period were even higher at 13.06 million bpd. Kpler reported...

Shipping data shows that Gulf countries increased crude oil and condensate exports to their highest level since?before the Iran War began in late Febuary, although the flow through the Strait of Hormuz is now slowing down as the fighting escalates. Kpler data shows that crude and condensate imports from Saudi Arabia and the United Arab Emirates increased by about 16% compared to the entire June daily average, reaching?12million barrels per day in the first half July. Vortexa estimated that exports during the period were even higher at 13.06 million bpd. Kpler reported that Saudi Arabia, Iran, and Iraq led the...

Sources from maritime security said that armed 'assailants' are believed to be in control of the chemical tanker Asana, which was seized by armed gangs on Friday off the southern coast of Yemen and in the Gulf of Aden. Ship tracking data revealed that the small tanker had not confirmed its flag and had named Bosaso, a port in Somalia, as its next destination. One of the maritime safety sources stated that based on initial assessments the incident seemed to be more related to Somali pirates than Yemen's Iran aligned Houthi militia. The British Navy agency UKMTO reported on Friday...

Iraqi crude 'loadings' more than doubled in the first half July to averaging 1.2 million barrels per day, according to Kpler and a direct source familiar with the flows. This was due to the accelerated exports after months of restrictions. Kpler data showed that crude exports averaged around 500,000 bpd during June. Kpler reports that despite the increase in monthly exports, Iraqi crude oil from the southern port of Basra is still "dramatically" down from levels before the Iran War, when it was above 3.2 millions bpd. A drone strike on a crude oil tanker in Basra, Iraq on Thursday...

Iraq temporarily suspended oil loadings at its Basra terminal on Thursday before they were resumed, according to four Iraqi sources in the oil and security industries. Sources added that the drone was not damaged or set ablaze and that it wasn't immediately apparent who launched it. The head of Iraq's state-owned oil marketing company SOMO said that the incident did not involve a direct assault on terminals or vessels. It is not targeting Basra Oil Terminal. It is not targeting Basra Oil Terminal. Ali Nazar stated that loading is done at the normal rate, depending on vessel availability. A spokesperson...

Oman has said that it will 'keep' the Strait of Hormuz free of tolls for shipping and designated two temporary routes to the north and south of existing shipping lanes to ensure the safe passage of ships leaving the region. Oman, in coordination with the International Maritime Organization (IMO), established temporary maritime routes to assist ships leaving the region safely amid increased security risks. Since the United States and Israel launched their war on Iran, the Strait of Hormuz has been severely disrupted, with commercial shipping being slowed and global energy markets roiled. Oman warned mariners that the "existing Traffic...

The grain freight rates in Ukraine are down despite the 'ongoing Russian attacks' on Black Sea ports, ASAP Agri said on Monday. They cited a seasonal decline in cargo flow. Last week, officials and industry executives told? Last week, industry executives and officials told? The Ukrainian Navy said Monday that a Russian drone?hit a Turkish dry cargo vessel, causing an extensive fire on board. Ukraine is a major grain exporter in the world, and its Black Sea port handles more than 90% of its exports. ASAP Agri stated that as Ukraine closes its 2025/26 summer-july export season, the historically low...

The Houthis, who are Iran-aligned in Yemen, announced on Monday they would stop ships from Israel leaving the Red Sea. This comes after Israel re-initiated its military strikes against Iran. Here's why it matters, and what it means to the Iran War and the global energy crisis. How big is the risk to global energy markets? The Iranian closure of the Strait of Hormuz, since Israel and the United States attacked it on February 28, has disrupted the majority of?oil exports and other energy from the Gulf. Prices have risen and there's been a major energy shock. Saudi Arabia responded...