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Kyrgyzstan, Georgia Seek Closer Ties in Transport and Tourism
Kyrgyzstan and Georgia are looking to expand cooperation in transport, logistics and tourism following talks between their leaders in Bishkek.
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China’s property starts plunge to 2002 levels
China’s property construction collapse has taken new building starts back to levels last seen in 2002, raising fresh questions about the long-term outlook for iron ore and coking coal demand, even as dry bulk owners become increasingly bullish about freight markets. Research published today by Ursa Shipbrokers reveals…
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Iran exempts ships of four countries from Strait of Hormuz transit restrictions
Iran has exempted vessels belonging to India, China, Iraq and Qatar from transit restrictions imposed in the Strait of Hormuz.
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From the Caspian to Europe: How Baku and Astana Can Build a Stronger Eurasian Partnership
Kazakhstan and Azerbaijan are no longer simply two countries linked by the Caspian Sea. They are increasingly shaping a shared vision of Eurasian connectivity - one that encompasses transport, energy, digital infrastructure, investment and regional diplomacy.
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Samudera taps Yangzijiang yards for boxship duo
Singapore-listed Samudera Shipping Line has ordered two containerships in China, adding 6,000 teu of capacity to its newbuilding pipeline. The Indonesian-controlled carrier disclosed in a filing that it had signed shipbuilding contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi-Mitsui Shipbuilding, both …
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TS Lines adds $246m boxship brace in China
Taiwanese liner operator TS Lines has returned to Shanghai Waigaoqiao Shipbuilding (SWS) for another pair of containerships in a deal worth $246m. The Hong Kong-listed carrier has contracted two 11,000 teu vessels at the CSSC-controlled yard, together with China Shipbuilding Trading, paying $123m apiece. The ships are…
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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.
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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…
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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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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…
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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…
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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…
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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…
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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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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…
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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…
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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…
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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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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 …
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Kremlin Reveals Details of Preparations for Putin-Trump-Xi Meeting
An exchange of signals confirming readiness to hold a trilateral meeting between Russian President Vladimir Putin, US President Donald Trump, and Chinese President Xi Jinping on the sidelines of the APEC summit in Shenzhen is underway, Kremlin spokesman Dmitry Peskov said, The Caspian Post reports, citing Vesti.
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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…
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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…
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SOCAR, KazMunayGas Discuss Expanding Kazakh Oil Transit Through Azerbaijan
The State Oil Company of the Azerbaijan Republic (SOCAR) and Kazakhstan's national oil and gas company KazMunayGas have discussed expanding cooperation on transporting Kazakh oil through Azerbaijan.
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Azerbaijan-Greece trade rises to $715.7 million, up more than 50% since 2024
Trade turnover between Azerbaijan and Greece exceeded $715.7 million in January–September 2026, marking an 8.7% increase compared with the corresponding period of 2025, according to the State Customs Committee.
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Iran Claims Destruction of Two US Drones in Hormozgan - VIDEO
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed that it destroyed two US-made Lucas drones near the port of Bandar Khamir in Hormozgan Province.
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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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Kazakhstan Busts International Drug Trafficking Network in Caspian Sea
Kazakhstan's National Security Committee has dismantled an international drug trafficking network operating in the Caspian Sea, detaining five people and seizing nearly 109 kilograms of narcotics.
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Delivery AI should earn its authority one segment at a time
Salman Habib thinks AI vendors are asking retailers for too much, too soon. The vendors pitching them so far want full trust from day one, the Burq cofounder said, and that is why many retailers are still stuck deciding whether to use AI at all. Burq’s software decides how each order gets delivered, choosing among the…
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Azerbaijan's electric vehicle imports plunge 56% in first nine months of 2026
Azerbaijan imported 680 electric vehicles between January and September 2026, marking a 56.4% decline compared with the corresponding period of 2025. According to data released by the State Customs Committee, the total value of electric vehicle imports fell by...
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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…