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KKR to sell wagon leasing company Infinity Transportation to Ares for $2.9bn

USA: Investment firm KKR & Co Inc has reached a definitive agreement to sell full-service wagon and intermodal equipment leasing company Infinity Transportation to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9bn. Subject to customary closing conditions and …

Railway Gazette Железные дороги
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Trimble cuts growth outlook as European freight market slows

Trimble reported higher third-quarter revenue and earnings Wednesday, but lowered its full-year recurring revenue growth forecast as weakness in European freight markets and slower demand for positioning services weighed on its outlook. The Westminster, Colorado-based technology company (NASDAQ: TRMB ) reported third-…

FreightWaves Порты и суда
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ONE lifts profit forecast to $2 billion as earnings surge

Ocean Network Express more than quadrupled its second-quarter net profit and raised its full-year earnings forecast to $2 billion, as stronger freight rates and higher cargo volumes outweighed rising operating costs. The Singapore-based container shipping company co-owned by three Japanese carriers reported net profit…

FreightWaves Железные дороги
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East Midlands Airport welcomes another Chinese cargo airline

A Boeing 747-400 freighter jet operated by Central China Longhao Airlines arrived at East Midlands Airport on Monday, adding to the roster of cargo airlines now using the airport as a gateway to the United Kingdom market. Central China Longhao Airlines will operate twice-weekly flights to East Midlands from Zhengzhou …

FreightWaves Железные дороги
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Hospital train proposed for military evacuations and civilian disaster response

GERMANY: Siemens Mobility and Lufthansa Technik Defense have agreed to develop jointly a train for cross-border military medical evacuations and civilian disaster response. Ahead of the Berlin Security Conference on November 3-4 the companies signed a memorandum of understanding to combine their decades of experience …

Railway Gazette Средний коридор
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Higher shipment weights help ArcBest beat Q3 expectations

Heavier shipments are driving higher tonnage and revenue per bill at ArcBest’s less-than-truckload unit. Freight lost to a once-depressed truckload market is returning alongside an improved manufacturing complex. The changing freight mix helped the company beat third-quarter expectations on Wednesday. The Institute fo…

FreightWaves Санкции и риски
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CSTO may consider suspending Armenia’s voting rights

Collective Security Treaty Organization (CSTO) Secretary General Taalatbek Masadykov said the organisation could consider suspending Armenia’s voting rights and halting the nomination of Armenian citizens to quota-based positions within the CSTO.

Azernews Железные дороги
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Shippers spread parcel volume as carrier surcharges climb

CHICAGO — Parcel shippers spent years handing one national carrier all their volume and negotiating once. At FarEye’s Last Mile Leaders America 2026 conference in August, panelists described why shippers are moving away from single-carrier agreements. Rising surcharges are part of the reason. Software that lets shippe…

FreightWaves Порты и суда
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ÖBB holding to take control of passenger and freight arms in major restructuring

AUSTRIA: The coalition government has agreed the biggest restructuring of the state-owned ÖBB group in more than two decades, which is expected to cut costs by around €80m a year. The governing coalition of the conservative ÖVP, the social democratic SPÖ and the liberal NEOS agreed a plan to restructure the ÖBB group …

Railway Gazette Железные дороги
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ERA Executive Director to speak at inaugural Railway Gazette Summit

EUROPE: As the European rail landscape undergoes a period of profound transformation, the 2026 Railway Gazette Summit will be debating opportunities for building a resilient, competitive and sustainable railway sector. A detailed programme can be found here . Hosted by Railway Gazette International Executive Editor Ni…

Railway Gazette Средний коридор
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Azeri Light oil price falls by 2.62% at Italy's Augusta Port

The price of Azerbaijan's Azeri Light crude oil has declined by $3.05, or 2.62%, compared with the previous indicator, reaching $113.45 per barrel on a CIF basis at Italy's Augusta port.

Azernews Порты и суда
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Urban rail industry news round-up

This week’s round-up of news from the global urban rail transport sector, from Railway Gazette International . On October 29 Wuhan opened two more sections of its metro network. The second phase of Line 12 between Gangduhuayuan and Moshuihu Park via the north and west of the city joins the two ends of Phase 1 opened o…

Railway Gazette Средний коридор
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First look: GXO Logistics Q3 revenue hits $3.6B

GXO Logistics reported third-quarter revenue of $3.59 billion, a 5.7% increase from a year earlier, as the global contract logistics provider secured more new business and expanded its sales pipeline to record levels. The Greenwich, Connecticut-based company (NYSE: GXO ) said Tuesday that organic revenue grew 6.4% dur…

FreightWaves Торговля
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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…

FreightWaves Средний коридор
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Trucking group’s lawsuit threatens to upend federal carrier registration system

A federal appeals court challenge to the U.S. Unified Carrier Registration (UCR) system could disrupt annual registration fees paid by trucking companies and threaten funding for state commercial vehicle safety programs, according to the organization that administers the program. The Small Business in Transportation C…

FreightWaves Железные дороги
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Logistics Alert: Capacity SHRINKS for 11 Straight Months

#fwtv_3xAcTdOz4RU .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_3xAcTdOz4RU .fwtv-panel p{margin:0 0 12px}#fwtv_3xAcTdOz4RU .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The latest ISM Manufacturing PMI and LMI reports…

FreightWaves Железные дороги
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Diesel Prices Collapse, Then Rebound: What’s Driving Volatility?

#fwtv_iR1nkzVKbnA .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_iR1nkzVKbnA .fwtv-panel p{margin:0 0 12px}#fwtv_iR1nkzVKbnA .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} The diesel market is experiencing extreme volati…

FreightWaves Санкции и риски
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Why Your Trucking Insurance Costs Are Rising & How to Fight Back

#fwtv_wGWPcpLPMHY .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_wGWPcpLPMHY .fwtv-panel p{margin:0 0 12px}#fwtv_wGWPcpLPMHY .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Control your trucking insurance costs by focusin…

FreightWaves Санкции и риски
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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…

FreightWaves Средний коридор
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Latam Cargo airlifts armored vehicles to Peru for Pope Leo visit

Two popemobiles that will be used during Pope Leo XIV’s visit to Peru arrived on Monday from Brazil aboard a Latam Airlines Group freighter aircraft, part of a special logistics operation carried out under contract to Peru’s Ministry of Foreign Affairs and in coordination with General Motors. The two Chevrolet vehicle…

FreightWaves Порты и суда
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Peak season inventory surge bolsters TL carriers’ double-digit rate ask

An October survey of supply chain executives confirmed what truckload carriers said on recent quarterly calls—that rates are likely to remain on the rise for the foreseeable future. The Logistics Managers’ Index, released Tuesday, showed further capacity declines alongside surging pricing. Q3 reports show carriers gea…

FreightWaves Порты и суда
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Benchmark diesel price is down; so is futures market in a big way

The benchmark price used for most fuel surcharges fell this week, but the focus in oil markets is on the huge decline in futures market prices recorded Monday. The Department of Energy/Energy Information Administration average weekly retail diesel price fell to $6.292/gallon, a decline of 6 cts/g, effective Monday, pu…

FreightWaves Порты и суда
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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…

FreightWaves Средний коридор
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US targets alleged labor violations at 2 Mexican factories

The U.S. has launched a labor rights investigation into a Mexican packaging manufacturer and announced a separate agreement to address labor rights concerns at an ammunition factory. The two cases highlight continued enforcement of worker protections under the United States-Mexico-Canada Agreement (USMCA). The Office …

FreightWaves Железные дороги
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Successful quarter at Expeditors boosted by hyperscaler business

All the key numbers at Expeditors International pointed upward in the third quarter at the logistics and freight forwarding company. Revenue year-on-year was up 42%, to $4.1 billion at the asset-light customs broker and freight forwarder. Despite the fact that the cost of transportation rose 49%, a faster rate than re…

FreightWaves Железные дороги
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Prime Minister inaugurates Pune Metro Line 3

INDIA: The 23.3 km Pune Metro Line 3 (Pink) was inaugurated by Prime Minister Narendra Modi via video link on November 3, with passenger services scheduled to start the following day. Developed by a joint venture of Siemens and Tata under a PPP agreement, the elevated line with 23 stations is intended to halve travel …

Railway Gazette Средний коридор
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New survey finds AI rush isn’t boosting ports earnings

A new survey of 103 industry experts has found that artificial intelligence is moving beyond trials in container ports and terminals, but measurable financial returns remain scarce. While 44% of respondents said their organizations had reached the scaling stage or beyond, Boston Consulting Group reported , only 4% rep…

FreightWaves Железные дороги