FedEx aims to cut one billion dollars in costs in 2026
FedEx is planning a permanent one-billion-dollar cost reduction for fiscal year 2026 through its Drive and Network 2.0 programmes. In the financial year ending 31 May 2025, net profit fell by 5% to 4.09 billion dollars, compared to 4.33 billion in 2024, while revenue edged up to 87.9 billion from 87.7 billion. Capital expenditure dropped by 22%, from 5.2 billion to 4.1 billion, representing 4.6% of revenues—the lowest level in the company's history. In the final quarter, net income rose to 1.65 billion, up from 1.47 billion the previous year, with stable revenues at 22.2 billion.
MSC acquires 50% of Terminal Catalunya
The Port of Barcelona's board has approved the sale of a 50% stake in Terminal Catalunya (Tercat), operator of the Hutchison Ports Best container terminal, to MSC through its subsidiary Terminal Investment Limited (Til). The deal strengthens cooperation between two major global operators while keeping the terminal open for general use. Clauses are included to ensure non-discrimination among users, continuity of service and compliance with concession obligations, safeguarding the terminal’s quality and competitiveness on both a national and international level.
Strategic dialogue in the EU on the future of ports
The European Commission has hosted two high-level strategic dialogues with representatives from the port, shipping and maritime sectors to define priorities and joint actions for future EU industrial strategies. A call for stakeholder contributions has also been launched, open until 28 July. European Commissioner Apostolos Tzitzikostas stated that the new strategies aim to drive the green and digital transition, support defence and trade, and boost European competitiveness. Vice-President Stéphane Séjourné reaffirmed the sector’s importance for European sovereignty, stressing the goals of decarbonisation and industrial revival.
Gbsapri acquires Sbravati, specialist in rail risk insurance
The Gbsapri group has announced the acquisition of Sbravati – The Rail Insurance Broker, a company founded in 1972 by Luigi Sbravati and active in insurance broking with a strong focus on rail-related risks. In 2024, Sbravati handled premiums worth over 7 million euros. This marks the fourth acquisition since investment fund Brera Partners joined the group. The deal aligns with Gbsapri's strategy of growing as a consolidator in the insurance sector. With Michela and Paola Sbravati joining the board, the group also strengthens its presence in Genoa. Financial details of the transaction have not been disclosed.
Ltg Cargo transports vehicles in Lithuania using standard-gauge rail
Ltg Cargo has transported nearly 230 Kia vehicles from Žilina (Slovakia) to Kaunas (Lithuania) on a fully standard-gauge railway line. The train, made up of 19 wagons, covered around a thousand kilometres across Poland, with operations handled by Ltg Cargo Polska, the company's Polish subsidiary. The train entered Lithuania without the need for transshipment, thanks to a direct connection between European rail networks. The vehicles will be distributed in Lithuania, Latvia and Estonia by AV Terminal. This is Ltg Cargo’s second such operation, following a similar shipment of Škoda vehicles.
Moscow sanctions Daimler Truck
Russia has added Daimler Truck to its official list of "special economic measures", according to Interfax, citing government documents published on 30 June 2025. The decision bans the Russian Federation from entering into current or future commercial agreements with the German manufacturer. The sanction comes more than a year after Daimler Truck ceased all activities in the Russian market.
Iran releases container ship MSC Aries
The container ship MSC Aries, seized on 13 April 2024 by the Islamic Revolutionary Guard Corps Navy while transiting the Strait of Hormuz, has been released after 369 days in detention. The 14,952 TEU vessel, chartered by MSC and owned by Gortal Shipping (Zodiac Maritime), had been taken to the port of Bandar Abbas. The crew, mostly Indian nationals, were allowed to disembark on humanitarian grounds in May 2024.
