Business
Ørsted said March 13 that it agreed to divest to alternative investment firm Stonepeak on equity ownership stake in a portfolio consisting of four U.S. onshore wind farms, as part of a “farm-down program.The transaction is valued at about US$300 million, and Ørsted has previously raised about US$700 million in tax equity proceeds for the portfolio, bringing the total proceeds raised to about US$1 billion.The four windfarms, which have a ...
[+]
The U.S. Federal Highway Administration said March 12 it has launched the Low Carbon Transportation Materials (LCTM) Program in an effort to improve air quality, decrease pollution and tackle the climate crisis.The program is aimed at lowering air pollution, specifically greenhouse gas emissions through reimbursement ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
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 ...
[+]
« Back
More »
