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Imports of clean petroleum products into West Africa fell 44 percent year over year during April and May, reducing tanker demand and cutting the region’s share of global clean petroleum product tonne miles from 5.3 percent to 3.6 percent, according to BIMCO.
The shipping association said imports declined to 642,000 barrels per day from 1.14 million barrels per day during the same period in 2025. LR1 and LR2 product tankers experienced ...
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GEODIS reported revenue of €10.6 billion in 2025 while advancing sustainability, artificial intelligence and supply chain transformation initiatives amid a challenging global trade environment, according to its 2025 Activity and Sustainability Report.
The logistics provider, which employs nearly 48,000 people and operates 975 sites serving 166 ...
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BIMCO has adopted a new Biofuel Clause for Time Charter Parties aimed at addressing legal, technical and operational issues associated with the growing use of low-carbon fuels in shipping.
The clause establishes a contractual framework governing the supply and use of biofuels under time charter agreements, ...
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At first glance, two major transportation stories this month appear to point in opposite directions.
FedEx has completed the spin-off of FedEx Freight, creating a standalone less-than-truckload carrier focused exclusively on the North American LTL market. At the same time, Union Pacific and Norfolk Southern are ...
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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 ...
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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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