News

Drewry: Global container volumes to drop 1% on Trump tariffs

President Donald Trump’s tariff war is expected to cut global container volume by 1% in 2025, Drewry said, only the third such forecast in its history.

That would amount to approximately 1.8 million twenty-foot equivalent units based on worldwide container traffic of 183.2 million TEUs in 2024, and approximately 10% of the more than 10 million-TEU increase in global traffic from 2023. 

Volume fell 8.4% during the financial crisis of 2009 and 0.9% during the COVID pandemic of 2020, said Drewry,...

https://www.freightwaves.com/news/drewry-global-container-volumes-to-drop-1-on-trump-tariffs

Saia’s shares sag 30% as tariffs tank demand, exacerbate growing pains

Tariffs and other market forces pulled the rug out from under Saia in the first quarter. 

The company’s rapid growth following Yellow Corp.’s 2023 collapse has been met by a customer base that is now spooked by the prospect of a protracted trade war. Incremental costs from carrying 25% to 30% excess capacity in anticipation of a market turn collided with subseasonal demand in March, producing results much worse than investors had feared.

Saia (NASDAQ: SAIA) reported first-quarter earnings per...

https://www.freightwaves.com/news/saias-shares-sag-30-as-tariffs-tank-demand-exacerbate-growing-pains

Port Canaveral sets new cruise passenger movements record

Port Canaveral, Fla., set a new monthly record for most cruise passenger movements when it hosted 925,994 guests in March, eclipsing the last year’s March passenger counts by 16%. Fueled by the busiest month in its history, Port Canaveral, the world’s second busiest cruise port, is also on track for a record FY 2025 when it is expected to host 8.4 million passenger movements compared to 7.6 million passenger movements last year.

“It wasn’t long ago when we exceeded 500,000 guests in a single...

https://www.marinelog.com/news/port-canaveral-sets-new-cruise-passenger-movements-record/

Universal Logistics blames falling demand for weak first quarter

Transportation and supply chain provider Universal Logistics Holdings said lagging demand for auto parts contributed to a sluggish first quarter.

Universal Logistics’ (NASDAQ: ULH) first-quarter operating revenue decreased 22.3% year over year to $382.4 million. First-quarter earnings per share came in at 23 cents per share, an 88% year-over-year decrease.

“The overall freight environment remained sluggish, and our largest vertical, automotive, saw a slowdown in January but improved as the...

https://www.freightwaves.com/news/universal-logistics-blames-falling-demand-for-weak-first-quarter

Trump executive order gives green light for deep sea mineral recovery

President Trump yesterday signed an executive order entitled “Unleashing America’s Offshore Critical Minerals and Resources.” Though the White House has yet to release anything beyond the text of the order, the Department of the Interior published a factsheet created by the U.S. Geological Survey showing prospective locations of critical minerals on the seafloor, highlighting the future opportunity to source the minerals needed to support the U.S. economy and security from underwater lands...

https://www.marinelog.com/offshore/trump-executive-order-gives-green-light-for-deep-sea-mineral-recovery/

DHL upgrades next-day Medical Express service for Latin America

International shipper DHL Express has grown its next-day delivery capabilities by adding a Brazil-to-U.S. lane to its Medical Express service.

According to a news release emailed to FreightWaves by DHL, this new connection links South America and Puerto Rico to the U.S., with the goal of expediting deliveries to customers in pharmaceutical and clinical research sectors.

“With its Medical Express service, DHL Express expertly manages the export and regulatory requirements for urgent shipments that...

https://www.freightwaves.com/news/dhl-upgrades-next-day-medical-express-service-for-latin-america

American P&I Club – Circular No. 14/25

APRIL 25, 2025CIRCULAR NO. 14/25TO MEMBERS OF THE ASSOCIATION

Dear Member:

SANCTIONS UPDATE – YEMEN TRADING AND SUPPORT FOR THE HOUTHI TERRORIST NETWORK
This Circular provides information in conjunction with US State Department spokesperson Mrs. Tammy Bruce’s recent press statement on the United States’ position regarding support to terrorist organizations, such as the Houthis. 
According to Mrs. Bruce on April 9th, 2025, “[t]he United States will not tolerate any...

https://allaboutshipping.co.uk/2025/04/25/american-pi-club-circular-no-14-25/

Glosten completes tug upgrade design for Shaver Transportation

Seattle-based naval architecture and marine engineering firm Glosten has completed the contract design package for a comprehensive upgrade to Portland, Ore.-based Shaver Transportation’s Z-drive tractor tug Washington. The design focuses on significantly enhancing the vessel’s performance,
maneuverability, and practical operability, to support Shaver’s evolving harbor and escort towing
service offerings.

The scope of the upgrade includes replacement of the tug’s main engines and installation of
new...

https://www.marinelog.com/inland-coastal/glosten-completes-tug-upgrade-design-for-shaver-transportation/

S&P Global goes deeper into supply chain with Orbcomm tie-up

Financial information giant S&P Global has increased its activities in the market for supply chain information in a two-pronged deal with Orbcomm, a widely known provider of electronic logging devices.

In the agreement announced this week, S&P Global (NYSE: SPGI) is taking a stake in Orbcomm. The size of the stake and the price paid for it were not disclosed in the prepared announcement of the deal.

A spokeswoman for S&P Global Market Intelligence (SPGMI), the S&P Global division that will manage...

https://www.freightwaves.com/news/sp-global-goes-deeper-into-supply-chain-with-orbcomm-tie-up

NTSB: Outdraft currents contributed to $1.3 million Ohio River barge strike

A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board said Thursday.

The incident occurred on March 8, 2024, when the 1982-built, 138 foot towing vessel Amber Brittany, owned by Knight Manufacturing Corp and operated by Imperial River Transport LLC, was transiting the Ohio River. It was pushing 15 barges when...

https://www.marinelog.com/inland-coastal/ntsb-outdraft-currents-contributed-to-1-3-million-ohio-river-barge-strike/

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