Freight Logistics

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...

The United 'Kingdom Maritime - Trade Operations (UKMTO), a government agency, said on saturday that it had received a report about a tanker which was being fired at by "two gunboats connected to Iran's Revolutionary IRGC" located 20 nautical miles north of oman. UKMTO's advisory note stated that the captain of the tanker reported that?the two armed gunboats fired without issuing any radio challenges, adding that the vessel and crew were safe. UKMTO reported that it received a'report of an unknown projectile hitting a container vessel 25 nautical miles north-east of Oman. UKMTO reported that the attack damaged some containers...

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...

MSC, the world's largest shipping company, announced on Tuesday that its Sariska V vessel was struck by two projectiles in Iraq's Umm Qasr Port on Monday. All crew members were uninjured and safe. The company claimed that the Iranian Revolutionary Guard had taken responsibility. MSC said the incident was an unprovoked attack against a neutral commercial airline?with no affiliation with the United States or Israel. In a press release, the group stated that it was "deeply concerned" by the unprovoked attacks. It also expressed concern about the danger they pose to innocent seafarers in the region and maritime trade. Iran's...

Iran has seized the oil tanker Ocean Koi, in the Gulf of Oman, for a 'pretend attempt to disrupt Iran’s oil exports. The?Barbados flagged tanker, it said, was carrying Iranian oil. It also claimed that the tanker "was attempting to disrupt and harm oil exports .... through exploiting regional circumstances". According to state media, the oil tanker was escorted to the southern coast and then handed over to the judiciary authorities. The seizure was made after the?U.S. Iranian and U.S. forces clashed at the Strait of Hormuz which connects?the Gulf of Oman to the Gulf of Oman. Iran has closed...

Tel Aviv's share indexes reached all-time peaks - and the Israeli shekel rose - to a 30-year high - against the dollar on Friday, on the apparent hope that the U.S.-Iran talks scheduled for Saturday would maintain a ceasefire. The blue-chip Tel Aviv index and the broader TA-125 closed higher by 1.9%, extending to over 6% gains since the U.S. and Israel led air war began in February '28. The?shekel rose 0.7% against the dollar, reaching a rate 3.031 - its highest level since October 1995. Israel and Hezbollah traded fire in Lebanon, and the Strait of Hormuz was closed....

Data from LSEG/Kpler showed that an oil 'tanker' loaded with Iraqi crude was seen transiting the Strait of Hormuz near the Iranian coast a few days after Iran announced Iraq was exempted from any restrictions on transiting this vital -sea route. Kpler data shows that the Ocean Thunder loaded approximately 1 million barrels of Basrah heavy crude on March 2. It is expected to "discharge" its cargo in Pengerang, Malaysia by mid-April. Iran closed the Strait after U.S. airstrikes and Israeli strikes on Iran in late February escalated a conflict. Later, it said that vessels without U.S. and Israeli connections...

The United Kingdom Maritime Trade Operations said a tanker'struck off Qatar' was hit by two projectiles. One exploded and the other remained unexploded inside the engine room. The tanker was hit about 17 nautical miles (31km) north of Qatar’s industrial hub?Ras Laffan, causing damage to the vessel above the waterline. The crew were safe and there were no reported environmental impacts. UKMTO stated that it could not confirm the origin of the projectiles, and investigations were still ongoing. The incident occurs as a result of 'growing threats to maritime travel in the wake of the U.S. - Israel conflict with...

The Financial Times reported Friday that the United Arab Emirates has informed the U.S., and other Western allies, that it will participate in a multi-national maritime taskforce aimed at reopening the 'Strait of Hormuz. Reports indicate that the UAE is pushing dozens of countries towards creating a "Hormuz Security Force", which will defend the Strait against Iranian attacks and accompany shipping. The UAE has been the target of more Iranian attacks than any country in the region, including Israel. The U.S. has a number of allies who have stated that they do not have immediate plans to send ships to...

DP World, a port operator based in Dubai, said on Thursday that its 'Jebel Ali Port was fully operational and had 'no damage to infrastructure. However, it warned that the amount of vessel traffic destined for Iran has been reduced because he war is still going strong. The war, which began with the joint U.S.-Israeli air strikes against Iran nearly two weeks ago has caused global chaos in the energy and transportation markets, and effectively closed the Strait of Hormuz – the world’s most important oil artery. The majority of Gulf ports including Dubai's Jebel Al and the primary?ports located...

Israel's military confirmed that a missile fired from Yemen at Israel on Thursday fell in an area open outside Israeli territory. No sirens were activated. This was the third launch of this kind within 24 hours. Yemen's Iran supported Houthis have recently increased attacks and launched missiles in response to Israeli attacks against Yemen. The Houthis launched missiles and drones towards Israel from thousands of kilometers away, calling it an act of solidarity with Palestinians. The majority of missiles or drones that were launched either missed their targets or were intercepted. Israel has responded by bombing areas in Yemen controlled...

The manager of the vessel in Greece that sank earlier this month after it was attacked by Houthi militants near Yemen expressed his relief after watching a video which showed 11 crew members still alive. The Houthis, allied with Iran, released the six-minute video on Monday. They claimed to have rescued seafarers aboard the Eternity C cargo vessel flying the Liberian flag. The Athens based ship management company issued a statement saying that efforts are being made to ensure "safe and rapid return of the sailors to their families". The company said that it was "deeply relieved" to see the...