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FedEx reported stronger fourth-quarter and full-year results, driven by higher package yields, improving international export volumes and more than US$1 billion in transformation-related cost savings, while forecasting continued revenue and earnings growth through the remainder of calendar 2026.
For the fiscal fourth quarter ended May 31, revenue increased to US$25.0 billion from US$22.2 billion a year earlier. Adjusted operating income rose to US$2.09 billion, while adjusted diluted earnings per share increased ...
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The global shipping industry faces a growing shortage of certified officers despite a sharp increase in the overall number of seafarers, according to the Seafarer Workforce Report 2026 released Thursday by BIMCO and the International Chamber of Shipping (ICS).
The report estimates the global merchant fleet ...
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Even if geopolitical tensions continue to disrupt global shipping, the container market is likely to weaken over the next 18 months as rapid fleet expansion outpaces cargo demand, according to BIMCO’s latest Container Shipping Market Overview & Outlook.
BIMCO Chief Shipping Analyst Niels Rasmussen outlines two ...
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Louisiana has moved to streamline the movement of oversized and overweight freight with the enactment of House Bill 746, now Act 566, legislation that makes the state’s Department of Transportation and Development (DOTD) the primary authority for issuing heavy-haul permits statewide. The measure was authored ...
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The Port of Baltimore can now move double-stacked container trains for the first time following completion of the $495 million Howard Street Tunnel Project, a milestone state officials say will expand the port’s container business, improve inland connectivity and create thousands of jobs.
Maryland Gov. Wes ...
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Galveston Wharves has promoted longtime executive Brett Milutin to chief operating officer and executive deputy port director as the Texas port advances a series of major growth initiatives centered on Pelican Island and cargo expansion.
Milutin, a 25-year employee of the port, will oversee operations as ...
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The Trump administration has signed an interim agreement with Iran aimed at ending months of disruption in the Strait of Hormuz, restoring oil flows and creating a 60-day window for broader negotiations. The arrangement reportedly includes a US$300 billion reconstruction and economic fund, although no ...
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DP World has entered into exclusive negotiations for a long-term lease to develop and operate a container terminal at the Port of Corpus Christi, marking a significant step toward expanding containerized cargo capabilities along the U.S. Gulf Coast.
DP World operates more than 60 ports and ...
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The Port of Long Beach handled 842,030 TEUs in May, an increase of 31.7 percent compared with the same month last year, making it the port’s third-busiest May on record.
Imports rose 40 percent to 418,851 TEUs, while exports increased 32.9 percent to 109,168 TEUs. Empty ...
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SAL has taken delivery of Patricia, the third vessel in its Orca Class newbuilding program, further expanding the carrier’s capabilities in the heavy lift, project cargo, offshore and renewable energy sectors.
Unlike sister vessels Elise and Frida, which entered long-term charter arrangements immediately after delivery, Patricia ...
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