Topic
carrier
Logistics HMM pauses new container ship orders, shifting focus to tankers and gas carriers
Hyundai Merchant Marine (HMM), South Korea's flag carrier, is pausing finalization of newbuild orders for at least ten 13,000-TEU LNG dual-fuel container ships planned for the second half of 2026, instead focusing on Suezmax tankers, MR petroleum tankers, VLGCs, and LNG carriers. The shift comes amid warnings of newbuild-driven oversupply, geopolitical cost pressure, and trade policy risks, according to the company's Q1 2026 earnings release.
Logistics Knight-Swift Q2 Profit Beat Confirms Truckload Market Inflection Point
Knight-Swift Transportation reported a Q2 earnings beat of 23% above expectations, confirming a turn in the truckload freight cycle. Double-digit contract rate increases and a tender rejection rate roughly twice the market average indicate tightening capacity. The carrier's forward guidance exceeded Wall Street consensus by 4%, pointing to sustained profit growth.
Logistics Celadon Bankruptcy Chaos: Stranded Drivers, $1M Monthly Legal Drain, and Lessons for Today's Freight Market
Former Celadon CEO Paul Svindland recounts the December 2019 bankruptcy, where early news publication stranded drivers with shut-off fuel cards. He now warns that a wave of newbuild vessels will make current container spot rates unsustainable. Svindland’s new venture, Mallory Alexander, targets middle-market shippers and is deploying AI for documentation.
Logistics New Senate bill targets 'chameleon carriers' that reopen to escape penalties
U.S. Sens. Todd Young and Andy Kim introduced the Safety and Accountability in Freight Enforcement Act targeting 'chameleon carriers' that reopen under new identities to evade safety penalties. The bill requires FMCSA to develop an automated screening tool to identify links between new applicants and previously closed carriers. The Owner-Operator Independent Drivers Association and major trucking groups support the legislation.
Logistics How One Felon Turned Two Trucks Into a 40-Vehicle Fleet and Bought a 40-Year-Old Carrier
Jerry Murphy launched his trucking company in 2017 with two trucks despite a suspended license and a felony. By mid-2026, his operation grew to nearly 40 trucks and 140 trailers, culminating in the acquisition of a 40-year-old carrier. Murphy's story also highlights his struggle with alcoholism and the personal turnaround that fueled his business success.
Logistics LTL carrier Mountain Valley Express shutting down operations in three states
Mountain Valley Express, a regional less-than-truckload carrier, has ceased operations as of July 7, 2026. The Manteca, California-based company had 13 terminals across California, Arizona, and Nevada, and operated 277 power units. The shutdown follows a restructuring in late 2024 that included 105 layoffs.
Logistics Ceva Logistics to Acquire European Final-Mile Courier Paack, Boosting Last-Mile Network
Ceva Logistics has agreed to acquire Paack's operating units in France, Spain and Portugal, integrating them into its European last-mile subsidiary Colis Privé. The move expands Colis Privé's domestic network in France and into the Iberian Peninsula, adding Paack's technology platform and cold chain capabilities. The transaction, subject to regulatory approval, would boost Colis Privé's revenue over $626.5 million.
Logistics Machine Guns on Russian LNG Carrier in the Baltic Raise Security Alarms for Shipping
The Russian LNG carrier Marshal Vasilevskiy was photographed in May with two 12.7 mm Kord heavy machine guns mounted on its bridge as it transited the Baltic Sea, according to an OCCRP investigation. At least 22 individuals with military or security service backgrounds were identified aboard, raising concerns about the militarisation of commercial shipping and its implications for maritime security and sanctions enforcement.
Logistics MOL and NYK Sign Long-Term Ammonia Carrier Charters with JERA for US-Japan Low-Carbon Fuel Supply
Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK) have each signed long-term charter contracts with JERA for four very large gas carriers (VLGCs) to transport low-carbon ammonia from the US to Japan. The vessels, built by Kawasaki Heavy Industries, will support JERA's ammonia co-firing project at Hekinan Thermal Power Station, marking Japan's first large-scale low-carbon ammonia value chain.
Logistics Heung-A Expands Fleet with Six New Chemical Tankers
South Korea's Heung-A Shipping has ordered up to six new chemical tankers from China's Wuchang Shipbuilding, marking a significant fleet expansion. This move reflects competitive pricing and strategic capacity growth in the chemical shipping sector.
Logistics COSCO Expands LNG Fleet with $953m Order at Jiangnan
COSCO Shipping Energy has placed a $953 million order for four LNG carriers at Jiangnan Shipyard, enhancing its LNG fleet. The vessels, scheduled for delivery between 2029 and 2030, are expected to be chartered by Shell.
Logistics FedEx Freight's New Path as Standalone LTL Carrier
FedEx Freight has officially become a standalone less-than-truckload (LTL) carrier, trading under the ticker FDXF. This strategic move allows FedEx Freight to focus on LTL services, aiming for growth in revenue and operating income.