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The day’s most important moves across every mode — air, rail, road, ocean and the trade that ties them together.
| ● On the Wire |
Wednesday, November 11 |
5 stories |
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Ocean
BY STUART CHIRLS · AMERICAN SHIPPER · NOVEMBER 10, 2026
NRF-tracked ports handled 2.37 million TEUs of loaded imports in September, the busiest month of 2026, and retailers expect volumes to stay elevated through year-end.
| THE TAKE — September’s total was up 12.6% from a year earlier and the third-busiest month on record, and October is forecast to be up 9.1%. The softening starts in early 2027, with March projected down 11.2%, and full-year 2026 is forecast near 26 million TEUs, up 2%. The surge followed tariff shifts after the Supreme Court struck down the "Liberation Day" tariffs, so the strength is partly a timing story that the first-quarter comparison will expose. |
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Air Cargo
DHL’s third-quarter operating profit rose 16.2% to $1.9 billion, with DHL Express EBIT up 50% on strong air cargo demand and capacity shortages.
| THE TAKE — Capacity-shortage spillover from Iran war rerouting and hyperscaler demand added about $112 million in EBIT, down from more than $167 million in the second quarter, so the windfall is already fading. The CFO’s view that cloud-related shipments are a "multi-year, almost structural" opportunity is the bigger bet. The full-year EBIT outlook was raised to $7.8 billion from $7.3 billion. |
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Ocean
A coalition including the Port of Long Beach released a Maritime Electrification Breakthrough Goal for electricity to supply at least 35% of international shipping’s energy demand by 2035.
| THE TAKE — Electricity supplies roughly 20% of shipping’s final energy demand today, so 35% is a stretch, and the target leaves out terminal equipment, port trucks and domestic shipping. Long-haul shipping will still need liquid fuels, which makes ports and shore power the practical focus. The IMO’s debate on its Net-Zero Framework on Nov. 23 is the next test of political will. |
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Warehousing
Lineage reported a third-quarter net loss of $173 million on revenue of $1.36 billion, but said customer inventory levels have normalized after industry capacity cuts.
| THE TAKE — Occupancy rose 110 basis points to 76.2% as Lineage and Americold together removed about 4% of capacity, which supports the stabilization story. But food container volumes fell 8%, adjusted EBITDA slipped 7%, and net debt of 6.4 times EBITDA is above the company’s target, so shares fell about 10% despite the better tone. |
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Last Mile
Alphabet’s Wing will invest $125 million over two years in a Fort Worth, Texas, drone factory to support its expanding Walmart partnership.
| THE TAKE — The plant can build tens of thousands of aircraft a year, which Wing needs to serve more than 270 Walmart stores and nearly 20 U.S. markets next year. Industry-wide scale-up still hinges on the FAA’s long-awaited beyond-visual-line-of-sight rule, which has been under White House review since July. |
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American Shipper · The Daily — published weekdays
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