Business
Converting the U.S. commercial truck fleet to full electrification would require nearly US$1 trillion in infrastructure investment alone, according to a new report from Roland Berger, released by the Clean Freight Coalition, or CFC, a Swiss-based international management consultancy, on March 19.The study, which forecasts a realistic infrastructure buildout for the electrification of medium- and heavy-duty commercial vehicles, which the coalition says exposes a massive investment gap as state and ...
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The U.S. Department of Transportation has awarded more than US$50 million in grant awards for 34 technology demonstration projects in the U.S. through the Strengthening Mobility and Revolutionizing Transportation, or SMART Grants Program.Part of President Biden’s Bipartisan Infrastructure Law, the program will provide US$500 million ...
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The U.S. Department of Energy plans to lend Lithium Americas up to US$2.26 billion to build Nevada's Thacker Pass lithium project, one of Washington's largest mining industry investments to boost domestic production of critical minerals for the energy transition.The loan, announced by the company on ...
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Inbound cargo volume at major U.S. container ports is expected to show year-over-year increases through the first half of 2024, according to the Global Port Tracker report released March 8 by the National Retail Federation and Hackett Associates.Supply chains are adjusting to ongoing Houthi rebel ...
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J.B. Hunt Transport Services Inc., a leading North American supply chain solutions provider, said its subsidiary, J.B. Hunt Transport Inc., has entered into a multi-year intermodal service agreement with Walmart.The agreement increases the companies’ respective current volume and capacity commitments and enables the development of ...
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International express shipping provider DHL has expanded its operations in Norfolk, Virginia, by relocating to a facility that doubles is size.The US$7.3 million investment increases shipment capacity and enables faster processing, allowing for later pickup cutoff times for eastern Virginia shippers. The service center serves ...
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Global apparel and sportswear industry leader Nike has recently entered into an agreement with CMA CGM to purchase sustainable biofuel for a part of their maritime transport. This initiative will make an important contribution to the decarbonization of Nike’s supply chain.From July 1, 2023, to ...
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Wen-Parker Logistics and 4ocean have formed a partnership to fund a worldwide cleanup initiative of ocean and coastline wastes with a flip of the wrist.Elmont, NY-based Wen-Parker, a supply chain services provider since 1997, will take advantage of 4ocean’s process to converting recyclable materials into ...
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The International Air Cargo Association’s fourth comprehensive study on the air cargo industry’s sustainability position shows progress, but “we still have quite a bit of work to do,” said TIACA Chairman Steven Polmans.The survey, which involves supply chain partners from across the globe and from ...
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Siemens Energy, a leading energy technology company, has selected Charlotte as the location for its advanced manufacturing facility to produce large power transformers.With an energy hub already located in Charlotte, Siemens Energy is expanding its operations with the US$149.9 million project, which will bring 475 ...
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