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Azerbaijan, European partners prepare for key energy corridor talks
A meeting on the Caspian-Black Sea-Europe Green Energy Corridor project is set to take place in Bucharest at the end of November.
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BP raises over $1bn from Aker BP stake sale
British energy major BP has raised about $1.06bn by selling part of its stake in Norwegian oil and gas producer Aker BP as it continues efforts to strengthen its balance sheet. The company sold 31.6m shares, representing around 5% of Aker BP’s total issued share capital, for NOK311 per share. The transaction generated…
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FAO calls for sustainable fisheries management and aquaculture development in Azerbaijan
Azerbaijan needs effective fisheries management, habitat conservation and responsible aquaculture practices to ensure the sustainable use of its aquatic resources in the Caspian Sea and inland waters, according to the Food and Agriculture Organization of the United Nations (FAO).
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The Hidden Data Challenges for Autonomous Trucking Safety
#fwtv_b3Jz7TlMY .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_b3Jz7TlMY .fwtv-panel p{margin:0 0 12px}#fwtv_b3Jz7TlMY .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Forget millions of test miles—it’s about the *right* m…
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GXO’s contract wins surge 34%, but growth comes amid cost pressures
GXO Logistics is seeing accelerating demand for its contract logistics services, particularly in North America, as data centers, aerospace and defense customers fuel a record sales pipeline. During a Wednesday earnings call, CEO Patrick Kelleher said the company’s renewed commercial strategy is generating larger contr…
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Walmart in $6B Symbiotic deal to automate warehouses
Walmart has agreed to expand its commercial agreement with Symbiotic Inc. to automate an additional 25 U.S. regional distribution centers. Symbiotic ( NASDAQ: SYM ) is an AI-powered warehouse automation and robotics company headquartered in Wilmington, Massachusetts. Walmart ( NASDAQ: WMT ) will initially invest about…
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Truckload Rates Explode: How Shippers Adapt to Rising Costs
#fwtv_idDTHLionrA .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_idDTHLionrA .fwtv-panel p{margin:0 0 12px}#fwtv_idDTHLionrA .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The freight market is experiencing an inflationa…
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FedEx uses dedicated logistics teams to win aerospace, automotive business
FedEx Corp.’s recent strategy to focus more on specialized services for companies in industrial sectors with complex logistics requirements, beyond basic parcel delivery, is paying dividends, especially in the aerospace and automotive sectors. The freight transportation giant last week described how it secured a serie…
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Loamy raises $6M to flag produce before a buyer rejects it
Loamy, a Los Angeles startup that sells operations software to produce growers, packers, and distributors, has raised $6 million in seed funding led by Zeal Capital Partners. The round, announced Oct. 27, brings the company’s total funding to $10 million. Once a load misses a buyer’s spec after it ships, the grower ha…
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Azerbaijan bets on Caspian winds to build its next energy export industry
For much of its modern history, Azerbaijan's economic and political influence has been closely tied to oil and gas. The country built its reputation as an energy producer long before the current debate about energy diversification and the green transition became a global priority. Its pipelines connected the Caspian b…
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October deluge brings Panama Canal lake levels back towards normal
A surprisingly wet October has brought much-needed relief to the Panama Canal, with Gatun Lake recovering to near its historical average despite warnings that a powerful El Niño could trigger another prolonged drought. New research from Ursa Shipbrokers, drawing on Panama Canal Authority data, shows Gatun Lake average…
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Kazakhstan, Azerbaijan discuss expansion of Middle Corridor
Kazakhstan’s Transport Minister Nurlan Sauranbayev, Azerbaijan’s Ambassador to Kazakhstan Alimirzamin Asgarov, and AZCON Holding representative Shahin Babayev have discussed prospects for bilateral cooperation at a meeting in Astana.
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Electric Trucking: Why 2,500 Tesla Semis Will Transform Freight
#fwtv_LtCkVDuHfw .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_LtCkVDuHfw .fwtv-panel p{margin:0 0 12px}#fwtv_LtCkVDuHfw .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} ZET Scale, a shipper alliance, just placed the larg…
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Azerbaijan, Kazakhstan sign agreements on Caspian ferry system and new Baku cargo terminal
Azerbaijan and Kazakhstan have signed two agreements aimed at expanding transport and logistics cooperation, including the development of a new intermodal cargo terminal at the Port of Baku and the establishment of a next-generation ferry system across the Caspian Sea.
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Ocean line sale expands Europe logistics reach for US shippers
Spain’s Boluda Shipping has agreed to acquire Samskip in a deal aimed at building a broader European short-sea and inland freight network , potentially giving U.S. businesses more integrated options for moving cargo beyond Europe’s major ports. The transaction is expected to close Jan. 1, 2027, subject to regulatory a…
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Azerbaijan, Kazakhstan plan joint intermodal cargo terminal
Kazakhstan and Azerbaijan are planning to establish a joint intermodal cargo terminal and a new Trans-Caspian ferry system called the "Caspian Bridge."
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New seafarers’ federation launched in India
A new federation bringing together Indian seafarer unions, welfare organisations and maritime charities has been established in Chennai with plans to coordinate action on crew abandonment, unpaid wages and seafarer safety. The International Transport Employees Federation (ITEF) was formed on October 31 following a mee…
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AIT Worldwide snaps up Australian forwarder involved in big tech buildout
AIT Worldwide Logistics announced late Sunday night it has acquired Australian freight forwarder Connor Anderson International, giving the fast-growing Chicago-based freight forwarder a significant foothold in the Oceania market and the ability to capitalize on the boom in data center construction there. Connor Anders…
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Borderlands Mexico: Cabotage enforcements threatening cross-border trucking
Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week in Borderlands Mexico: Cabotage enforcements threatening cross-border trucking; Nuevo León slashes Colombia Bridge toll fees 50% to boost cross-border trucking; and Walmart plans $400M…
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Farid Rasulov's Long Live, Caspian exhibition opens at Baku's OTAQ gallery
A solo exhibition by Azerbaijani artist Farid Rasulov, titled Long Live, Caspian! (Yaşa, Xəzər!), has opened at the OTAQ gallery in Baku's Icherisheher, exploring the ecological challenges facing the Caspian Sea through contemporary art.
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SAIA’s Record $982.5M Q3 Revenue | What’s Next?
#fwtv_nMjMlyeXCAo .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_nMjMlyeXCAo .fwtv-panel p{margin:0 0 12px}#fwtv_nMjMlyeXCAo .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} SAIA President & CEO Fritz Holgrefe breaks down …
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TFI chief Bedard rips into its US LTL operations, promises change
Alain Bedard, the CEO of TFI International, had been highly critical of his company’s U.S. LTL operations back in 2024, at one point referring to some of its practices as “stupid.” As recently as April, he was far more optimistic about the segment that was built largely through the TFI acquisition of UPS Freight in 20…
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European postal operators gear up for surge in holiday volume
Postal operators in Norway and Germany are adding significant parcel capacity and making operational adjustments to handle an expected flood of packages and gift cards in the weeks leading up to Christmas. Posten Bring, the state-owned postal services and logistics provider in Norway, has installed hundreds more parce…
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Safety Technology Is Only as Good as the Trust Behind It
Every carrier with a safety technology program eventually learns the same lesson: the hardware is the easy part. Cameras can be mounted, collision mitigation can be specified on new tractors, and telematics can be switched on. What’s harder to install is the belief, among people who spend their working lives behind th…
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Mexico truckers halt protests, demand action on deadly highway crime
While Mexican truckers have suspended a nationwide strike that disrupted highways across 19 states, industry leaders warned that demonstrations could resume if federal and state authorities fail to address grievances that include cargo theft and violence against drivers . The suspension follows negotiations between Me…
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Aurora reaffirms it’s on track to produce more than 1000 trucks in 2027
Aurora Innovation cut its 2026 revenue forecast to about $9 million on Wednesday, down from the $14 million to $16 million reported in its second-quarter results , after a six-week manufacturing delay. The company reported third-quarter revenue of $3 million and an operating loss of $257 million. Over the past month, …
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New Georgia hub aims to take 26,000 containers off the road
Gov. Brian Kemp and Georgia Ports Authority officials celebrated the grand opening of the $134 million Gainesville Inland Port on Thursday, marking a new connection between Northeast Georgia’s manufacturing economy and international markets through the Port of Savannah. The ceremony followed the terminal’s operational…
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Venti brings driverless yard trucks to US yards
Venti Technologies’ driverless container trucks have worked PSA’s port in Singapore for nearly three years. Traffic there runs in one big loop, so the trucks never had to back up. U.S. rail yards are less forgiving. Venti says a Class I intermodal railroad plans to run more than 130 Venti trucks across eight sites by …
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Amazon battles freight inflation as shipping costs jump 11% in Q3
Amazon reported record operating profitability in the third quarter on Thursday after the market closed, as the e-commerce giant continued expanding its delivery network and robotics investments amid higher transportation costs. CEO Andy Jassy said investments in same-day fulfillment facilities and ultra-fast delivery…
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FedEx cashes in on premium logistics services, fuel surcharges
FedEx Corp. delivered strong third quarter results driven by higher volumes and pricing for premium B2B and B2C shipping services, but bullishness for peak holiday season demand was tempered by expectations for lower domestic margins amid a rise in transitory labor and outsourced trucking costs that likely will spill …