Morning Minute | September 26, 2025

from FreightWaves NOW · host FreightWaves

The Canadian government announced major reform for Canada Post including the end of most door-to-door delivery and reduced frequency, as part of a turnaround plan for the "insolvent" national carrier. This decision comes as the institution, suffering from an outdated business model and protracted labor disputes, is on track to lose US$1.1 billion this year alone, adding to US$3.6 billion in losses since 2018. Singapore’s Seatrium Ltd. has completed the sale of its Texas shipyard at the Port of Brownsville to Karpower Valley LLC for around $50 million. The 240-acre facility supports various offshore and marine engineering projects, and the buyer is an affiliate of Karpowership, the global operator of 50 floating power plants. The Port of San Diego has appointed Matthew Vesby as its new Chief Administrative Officer (CAO), tapping into his more than 20 years of public sector experience, including 14 years with the City of San Diego. Vesby will oversee multiple key areas, including Commissioner Services, Human Resources, and IT departments, and is dedicated to supporting staff success. Stay current on all the biggest trends in transportation and register now for the F3: Future of Freight Festival, happening October 21-22. Learn more about your ad choices. Visit megaphone.fm/adchoices

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