Business
The Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transshipment hubs to support its new hub-and-spoke network, according to Drewry’s latest quarterly Ports and Terminals Insight report.While several of the terminals within the planned network reflect world-class operational performance in terms of intensity of asset use, strong performances will be essential for Gemini’s strategy.Since MSC and Maersk announced in January 2023 that the ...
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Global express shipper DHL Express has signed a strategic partnership with Standard Chartered, a cross-border bank, for DHL Express’ GoGreen Plus service to help scale the use of sustainable aviation fuel, or SAF.The two organizations agreed to co-invest in SAF, allowing Standard Chartered to balance ...
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The CargoAi online marketplace is now offering an Air Freight Load Board for spot cargo. Airlines can now access a comprehensive database of available freight, complete with detailed cargo specifications, in their CargoMART Airline App.Users can browse through a wide range of available freight listings, ...
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Five labor unions have petitioned U.S. Trade Representative Katherine Tai to request a probe of China’s acts, policies and practices “in the maritime, logistics and shipbuilding sector,” according to a statement.The unions are: United Steelworkers (USW), International Association of Machinists and Aerospace Workers (IAM), the ...
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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 ...
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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 ...
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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 ...
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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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