Freight News
TotalEnergies will exit U.S. offshore wind, relinquishing two federal leases and redirecting capital to natural gas and power projects, after reaching a settlement with the U.S. Department of the Interior that includes roughly US$1 billion in reimbursed lease fees.
The company said it will return the Carolina Long Bay and New York Bight leases, both awarded in 2022, ending its offshore wind development efforts in the U.S.
Under the agreement, TotalEnergies will ...
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ANALYSIS – The Trump administration is reshaping U.S. energy and foreign policy around oil supply and price stability, taking aggressive steps in Venezuela and Iran as global markets reel from oil-driven disruptions.
In recent days, the administration has moved to ease restrictions on both Venezuelan and ...
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Blank sailings are surging across major trade lanes, underscoring how schedule volatility is reshaping operational planning for ports and inland operators.
Data from maritime consultancy Drewry show a 122 percent month-over-month increase in blank sailings on key east-west routes in February, effectively doubling withdrawn capacity compared ...
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Several major container shipping lines reported sharply lower earnings for 2025 as the industry continued to cool from the record profits generated during the pandemic-era freight boom.
Taiwan-based carrier Evergreen Marine Corp. said net profit attributable to shareholders fell 50.8 percent to about US$2.13 billion, on ...
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The U.S. Department of Justice, acting on behalf of the National Highway Traffic Safety Administration, has filed a lawsuit challenging California regulations that the federal government says effectively require automakers to meet state-specific electric vehicle and fuel economy standards.
The lawsuit, filed in the U.S. District ...
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Austria-based logistics and heavy transport group Felbermayr Group has expanded its heavy assembly and engineered solutions capabilities through the acquisition of specialized equipment from Hoffmann Spezialtransporte.
The transfer of assets was completed in mid-March following the retirement of company founder Olaf Hoffmann. The equipment will be ...
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Container shipping disruptions linked to tensions around the Strait of Hormuz are testing whether Gulf states can reroute cargo through alternative ports and inland corridors, but structural constraints limit short-term options, according to Drewry Maritime Research.
The chokepoint handles a relatively small share of global container ...
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Port Freeport has completed a series of infrastructure projects totaling nearly US$30 million aimed at supporting the expansion of the Velasco Container Terminal and improving freight access at the Texas Gulf Coast port.
Port officials, state transportation representatives and local leaders marked the milestone with ribbon-cutting ...
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The U.S. Surface Transportation Board has denied requests from two major railroads to intervene in a service dispute tied to the Meridian Speedway, concluding there is insufficient evidence to take action.
In a decision issued March 13, the board rejected petitions from Norfolk Southern Railway and ...
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Shipping and logistics company Wallenius Wilhelmsen has signed a two-year agreement with Equinor for the supply of mass-balanced bio-methanol to fuel methanol-capable vessels as the carrier advances plans to reduce emissions from its ocean operations.
Under the agreement, bio-methanol produced in Norway will be delivered to ...
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