Transportation News, Logistics, Ports and Trade

[Freightos Weekly Update] More tariff turmoil, though ocean rates continue to ease

Lithuania suspects human error in DHL plane crash

Reuters | March 26, 2025 | Air Cargo | Freighters

Lithuanian prosecutors said on Wednesday they believe that human error was the likely cause of the crash of a DHL cargo airplane in Vilnius in November and have asked Spanish authorities to question the pilot as a suspect.

International Trade

Reuters | March 26, 2025

US adds dozens of Chinese entities to export blacklist, including Inspur units

The U.S. added six subsidiaries of Inspur Group, China's leading cloud computing and big data service provider, and dozens of other Chinese entities to its export restriction list on Tuesday.

UK’s new North Sea oil and gas licences challenged in court over climate impact

Reuters | March 26, 2025 | Energy

Glencore declares force majeure on copper shipments from Altonorte smelter in Chile

Reuters | March 26, 2025 | International Trade | Commodity

London-listed miner Glencore has declared force majeure on copper shipments from its Chilean Altonorte smelter, where production has been suspended, two industry sources said.

Tokyo Gas expects net profit to nearly double in FY25/26

Reuters | March 26, 2025 | Energy

Tokyo Gas aims to nearly double its net profit in the 2025/26 fiscal year and plans to expand in the United States, Japan's biggest city gas provider said on Wednesday.

BYD aims to double overseas sales to 800,000 in 2025, chairman tells analysts

Reuters | March 26, 2025 | International Trade | Maritime | Breakbulk News

Chinese electric vehicle giant BYD aims to double its sales outside China to more than 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday.

Chevron interested in gas exploration in another two blocks off Crete, says Greece

Reuters | March 26, 2025 | Energy

Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday.

Phillips 66 proposes new board members amid battle with activist investor Elliott

Reuters | March 26, 2025 | Energy

Phillips 66 said on Wednesday it has nominated four executives to stand for election as directors at its upcoming annual shareholders' meeting as the proxy fight with activist Elliott Investment Management intensifies.

Chinese electric truck maker Windrose lifts fundraising goal to $300 million, source says

Reuters | March 26, 2025 | Green Shipping | Trucking

Chinese electric truck startup Windrose is increasing its final round of funding to $300 million, a person with direct knowledge of the matter said, as it plans more assembly plants in Europe and the United States.

India’s Reliance to stop buying Venezuelan oil over US tariffs, sources say

Reuters | March 26, 2025 | Energy

Southeastern Freight Lines appoints Gibbs to service center manager in Atlanta, Georgia

Southeastern Freight Lines | March 26, 2025 | Trucking

SEFL appoints Henson Gibbs to Service Center Manager in Atlanta, Georgia

Hyundai Steel unveils US factory plan, shares skid

Reuters | March 25, 2025 | International Trade | Commodity

South Korea's Hyundai Steel will invest $5.8 billion along with Hyundai Motor Group to build a steel plant in the U.S. state of Louisiana with an annual capacity of 2.7 million tonnes, the company said in a regulatory filing on Tuesday.

Port of Savannah achieves busiest February on record

AJOT Newsroom | March 25, 2025 | Ports & Terminals

Adds three additional start times to handle ships faster

Largest heavy-lift vessel ever built in the US christened in Galveston

AJOT Newsroom | March 25, 2025 | Project / Heavy Lift | Maritime Project

Xenos Marine, a Matt Fish and Teichman Group affiliated company, christened its newly acquired TX-10,000 a one of a kind, heavy-lift engineering marvel after a mandatory five-year drydock maintenance March 23, 2025, at Gulf Copper Shipyard.

Orange EV terminal trucks selected by ABF Freight to expand EV fleet

AJOT Newsroom | March 25, 2025 | Green Shipping | Trucking

Orange EV today announces that ABF Freight, an ArcBest company and leading less-than-truckload (LTL) carrier, continues its commitment to sustainable operations by expanding its fleet of terminal trucks from Orange EV.

CSX reaches five-year agreement with signalmen union

Reuters | March 25, 2025 | Intermodal | Rail

Railroad operator CSX said on Tuesday it had reached a five-year tentative agreement with the Brotherhood of Railroad Signalmen (BRS).

Aurora plans for self-driving trucks in harsh weather ahead of commercial launch

Reuters | March 25, 2025 | Trucking

Aurora Innovation plans to allow its self-driving trucks to operate without a driver in inclement weather ahead of launching commercial trips this year in Texas, the company said on Tuesday.

US Army Corps to narrow list of emergency energy projects by next week

Reuters | March 25, 2025 | Energy

Trump widens trade war as he targets Venezuela’s energy sector, eyes sectoral tariffs soon

Reuters | March 25, 2025 | Energy | International Trade | Commodity

U.S. President Donald Trump on Monday widened his global trade war with 25% secondary tariffs on any country that buys oil or gas from Venezuela, and said he would announce tariffs soon on automobiles, aluminum and pharmaceuticals.

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