Top News
- Diesel crack spread hits record $106 per barrel amid Iran tensions and global supply constraints
Spread widened sharply following U.S.-Israel military actions in late February; sustained supply crisis pressuring trucking fuel costs.
Bankrupt Yellow Corp. settles remaining pension claims for $526M, ending three-year legal battleSettlement clears path for creditor and former employee payouts from defunct trucking company.
MSC restructures Sentosa service with megamax vessels, bypassing Oakland for Long Beach transshipmentFull inbound discharge and reload at Long Beach eliminates Oakland stop on Southeast Asia–U.S. West Coast route.
Shipper-paid US truckload spot rates decline in late summer despite market tightening signalsJournal of Commerce data suggests market flattened but may resume upward climb heading into fall.
Ocean carriers pursue terminal ownership strategy to cut costs and boost efficiency through M&A waveAnalyst warns cash-generation cycle funding deals may not sustain long-term growth trajectory.
- ICE gasoil futures hit 4-month high on tightening global diesel supply; benchmark up 4.2%
Highest level since April 9 as supply constraints persist, directly pressuring carrier operating costs.
Descartes Systems acquires 3PL-focused WMS provider Extensiv for $120 millionCalifornia-based Extensiv serves warehouse management and fulfillment for third-party logistics operators.
More: FreightWaves
Maersk risks sliding to fourth in global liner rankings as Cosco and CMA CGM expand fleets aggressivelyAnalyst forecast sees Danish carrier lose top-three position within six years despite MSC already holding the crown.
More: The Loadstar
- Full Asia-Europe Suez return could cut global head-haul container demand 8.7% in H1 2027, analysts warn
MSC joins competitors in shifting strings back to Red Sea transits despite underlying cargo demand growth continuing.
More: Journal of Commerce
- Russia doubles sanctioned Arctic LNG fleet to nearly 100 tankers, intensifying effort to sustain gas exports despite Western restrictions
Move signals Moscow's commitment to circumvent sanctions and maintain revenue from its flagship Arctic LNG 2 project amid geopolitical tensions.
Tidewater completes $500M acquisition of Wilson Sons Ultratug Offshore, adds 22 platform supply vessels in BrazilDeal dramatically expands Tidewater's OSV footprint in Brazil, a key offshore energy market for vessel supply services.
ShipStation integrates LTL carriers into parcel shipping platform post-WWEX merger, first bundled offeringMove follows ShipStation's 2026 acquisition of WWEX Group, expanding platform beyond parcel to regional less-than-truckload shipments.
SK Oceanplant signs Greek owner for six aframax tankers worth $430M, with options for two moreSouth Korean shipbuilder's largest merchant deal in years; 115,000 dwt vessels valued at approximately KRW800bn total.
- Asia-Europe air freighter capacity surges following EU low-value import duty rule changes
Carriers adding capacity despite concurrent 30%+ drop in Chinese ecommerce parcel volumes to region.
Green Maritime Infrastructure doubles hydrogen bulker fleet to four ships with second order at Chowgule ShipyardNew 3,000 dwt vessels join two 4,000 dwt ships already on order, expanding alternative-fuel shipping capacity.
- Ceva Logistics cyberattack breach continues widening; customers report ongoing shipment disruptions
Incident follows initial disclosure last month; affects all customers of the major 3PL provider simultaneously.
Trident Management acquires three local express carriers to expand courier network rollup strategyDeal expands PE-backed consolidation platform that acquired Priority Courier Experts as growth anchor three years ago.
Titan Clean Fuels and Sogestran order 6,000-cu-m LNG bunkering vessel for western MediterraneanMolgas-owned fuel supplier secures dedicated ship-to-ship capacity; vessel built at Nantong CIMC.
DHL Global Forwarding acquires Uruguay freight forwarder to establish direct presence amid country trade growthExpansion follows Uruguay's growing trade activity and data center development attracting logistics investment.
DHL Global Forwarding acquires Uruguay-based freight forwarder Aero Cargas, establishing first direct LATAM operationDeal strengthens DHL's Latin American presence and marks entry into Uruguay's logistics market.
China-Europe air cargo traffic stabilizes after weeks of decline following July EU duty rulesWorldACD data for Aug 17-23 shows recovery after e-commerce import tariffs hit logistics volumes in early July.
- Hornbeck Offshore and Helix Energy complete all-stock merger, creating integrated US offshore services platform
Combined entity spans marine transportation, subsea services, well intervention, and robotics; rebranded under Hornbeck name.
More: Splash 247
- Lusaka Airport attracts dedicated freighter capacity from multiple airlines, signaling emerging air cargo market
Two airlines deploying freighters to previously underutilized Zambian hub; raises questions about shifting regional air cargo dynamics.
SolitAir expands African cargo network to 20 destinations across 16 countries with Nigeria and Somaliland routesDubai-based carrier now serves Port Harcourt and Hargeisa, positioning for growth in underserved African freight markets.
Sapporo USA closes craft brewing facilities, lays off 220 workers after Stone Brewing saleCompany exiting California brewing operations following divestiture; supply chain consolidation in craft beer sector continues.