Transport News

TAMPA, Fla.--(BUSINESS WIRE)--Today, American Ocean Minerals Corporation (AOMC) announced the successful completion of Expedition 7, a research campaign designed to support the environmental baseline studies required for future deep-sea mineral exploration and development activities in the Cook Islands. Expedition 7 was conducted over approximately three weeks aboard the MV Anuanua Moana, a proprietary research vessel advancing critical deep-sea environmental and exploration programs across its...

CALABASAS, Calif.--(BUSINESS WIRE)--AmaWaterways today unveiled the first details and renderings of AmaRudi, its highly anticipated second double-width river ship scheduled to debut on the Danube River in spring 2027. Building on the groundbreaking design of AmaMagna, which redefined expectations for river cruising when it launched in 2019, AmaRudi will stand alongside its sister ship as the largest river cruise ship in Europe. Designed to accommodate just 196 guests in 98 staterooms and suites...

SAN FRANCISCO--(BUSINESS WIRE)--Caspian, an AI trade advisory and compliance platform, today announced the acquisition of Trade-IQ, a trade advisory firm founded by trade compliance veteran Shannon Bryant. Bryant joins Caspian as Vice President of Trade Advisory. In parallel, the company introduced two new products that extend its platform across the full duty lifecycle: Trade Audit and a Tariff Calculator. Terms of the acquisition were not disclosed. Caspian was founded on a single observation...

PITTSBURGH--(BUSINESS WIRE)--Wabtec Corporation (NYSE: WAB) announced it will report 2026 second quarter results before the U.S. financial markets open on July 22, 2026. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec’s website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be availabl...

PORT ALBERNI, British Columbia--(BUSINESS WIRE)--Coulson Aviation Canada has commenced a 101-day contract with the BC Wildfire Service (BCWS) to provide a Sikorsky S-61 Type 1 NVG Helitanker in support of the province’s 2026 wildfire season. The aircraft began operations on May 26 in Kamloops following annual training with BCWS Night Vision Imaging Systems (NVIS) Flight Officers and aviation teams. The S-61 has already responded to its first wildfire of the season, supporting operations on Fire...

NEW YORK--(BUSINESS WIRE)--The US construction industry is returning to growth, driven by infrastructure and data center investment, but delivery constraints are now setting the pace according to Linesight’s latest Construction Market Insights: Americas report. Power access, planning requirements, and shortages in skilled MEP trades and contractor capacity are extending timelines and increasing risk. Following a 2.7% contraction in 2025, US construction output is forecast to grow by around 1.1%...

TORONTO--(BUSINESS WIRE)--Canada’s construction industry is forecast to grow by 2.6% in 2026, supported by public investment and continued activity across data centers, life sciences, infrastructure, and high-tech industrial projects, according to Linesight’s latest Construction Market Insights: Americas report. Growth is being underpinned by major public programs, AI-focused digital infrastructure funding, and continued investment in biomanufacturing, vaccines, therapeutics, and research facil...

HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE: OII) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 6.000% Senior Notes due 2028 (the “Notes”) for the consideration described below. Title of Security CUSIP Numbers(2) Aggregate Principal Amount Outstanding U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread (basis points) 6.000% Senior Notes due 2028(1) 675232 AB8 675232 AD4   $500,000,000 3...

MUNICH--(BUSINESS WIRE)--Given that 90% of international trade is transported across oceans, maritime safety and stable shipping trading routes are critical. According to Allianz Commercial's latest Safety and Shipping Review, incidents like the closure and reported mining of the Strait of Hormuz are the latest in a series of recent disruptions to have impacted shipping. They signal a transition toward a “new maritime order" defined by escalating security risks along strategic shipping corridor...

ESTERO, Fla.--(BUSINESS WIRE)--Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that it intends to offer shares of its common stock, par value $0.01 per share, (the “Common Stock”) at an aggregate public offering price of $100 million in a SEC-registered offering. Such shares (the “Borrowed Shares”) will be loaned by the Company to J.P. Morgan Securities LLC (in such capacity, the “Share Borrower”), one of the underwriter...