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Federal authorities have arrested a California resident and chief executive of an Iranian technology company on charges he orchestrated a years-long scheme to acquire and ship U.S.-origin networking, security and encryption equipment to sanctioned Iranian nuclear and military entities.
The U.S. Department of Justice said Jamshid Ghomi, 63, a dual U.S.-Iranian citizen and founder of Tehran-based Faraz Pardaz Rayaneh Co. (FPR), was charged with conspiracy to violate the International Emergency Economic ...
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C.H. Robinson has launched a new artificial intelligence tool designed to continuously assess, improve and operate customer supply chains, marking the latest step in the company’s effort to automate logistics management.
The company said its new “Lean AI Engineer” works alongside the “Lean AI Planner” introduced ...
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FedEx Corp. has completed the spin-off of its less-than-truckload subsidiary, FedEx Freight, creating two independent publicly traded transportation companies and concluding one of the most closely watched restructurings in the North American freight sector.
FedEx Freight began trading June 1 on the New York Stock Exchange ...
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The U.S. Department of Justice has appealed a Court of International Trade ruling requiring the federal government to issue broad refunds of tariffs collected under the International Emergency Economic Powers Act (IEEPA), injecting new uncertainty into a repayment process that has already returned more than ...
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Union Pacific and Norfolk Southern have cleared an initial regulatory hurdle in their proposed merger to create the nation’s first transcontinental freight railroad, after the Surface Transportation Board accepted the carriers’ revised application for consideration while simultaneously pausing proceedings pending additional information.
The railroads said May ...
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The Trump administration’s emergency Jones Act waiver is facing growing criticism from maritime industry groups and members of Congress who argue the policy conflicts with the administration’s broader efforts to rebuild the U.S. maritime sector and reduce dependence on foreign shipping.
What began as a temporary ...
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CMA CGM has taken delivery of the CMA CGM Notre Dame, a 24,212-TEU liquefied natural gas-powered containership that the French carrier said is the largest vessel operating under the French flag, as the company continues a broader fleet modernization and decarbonization strategy.
The vessel, the first ...
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Hapag-Lloyd reported a first-quarter loss as weaker freight rates, severe weather disruptions and the conflict in the Middle East weighed heavily on earnings, while the German carrier maintained a cautious outlook for the remainder of 2026.
The Hamburg-based carrier posted first-quarter revenue of US$4.9 billion, down ...
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CMA CGM reported lower first-quarter earnings as softer freight rates and ongoing geopolitical disruptions weighed on profitability, though the French shipping and logistics group pointed to resilient cargo volumes and growth in logistics and terminal operations as signs of continued operational stability.
The Marseille-based carrier posted ...
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Ship traffic through the Panama Canal has risen sharply this year as disruptions tied to the Iran war and reduced transits through the Strait of Hormuz redirect global energy flows, according to BIMCO.
Average daily canal transits increased 8 percent year-over-year to 38 vessels so far ...
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