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The Port of New Orleans said it has reached a new 10-year lease arrangement with The Kearney Companies Inc., marking a milestone in the longstanding relationship between port, The Kearney Companies, and the New Orleans Public Belt Railroad.The new consolidated lease agreement extends The Kearney Companies’ lease beyond the last 20 years, and includes four rail-served transit sheds located on France Road and a rail-served storage facility at Jourdan Road, ...
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The International Air Transport Association, together with several industry organizations, have released the first publication to compare 14 leading net zero CO2 transition roadmaps for aviation.In creating the Aviation Net Zero CO2 Transition Pathways Comparative Review, IATA collaborated with the Air Transportation Systems Laboratory at ...
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CSX has unveiled its first hydrogen-powered locomotive, the result of a successful partnership between CSX and Canadian Pacific Kansas City, or CPKC, and demonstrates the company's commitment to innovation and environmental stewardship.The hydrogen locomotive was converted from an existing diesel locomotive using a hydrogen conversion ...
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The U.S. Department of Commerce and TSMC Arizona Corp. have reached a non-binding agreement to help fund the Phoenix-based aerospace company’s efforts to manufacture the world’s most advanced semiconductors.The U.S. Department of Commerce and TTSMC Arizona Corp. a subsidiary of Taiwan Semiconductor Manufacturing Co. Ltd., ...
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Port of Long Beach CEO Mario Cordero declared 2024 the “year of rail,” supported through investments by Class I railroads Union Pacific and BNSF, during his recent state-of-the-port address in January.Four port projects are in design or under construction at the Southern California container port, ...
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The U.S. Federal Maritime Commission’s Office of Enforcement has recommended a US$63.3 million civil penalty against MSC Mediterranean Shipping Co., due to “unreasonable and unjust actions and inactions in violation of the Shipping Act of 1984.”The recommendation follows a more than six-month investigation, ordered in ...
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Texas Gov. Greg Abbott joined leaders from the Rio Grande Valley and the Texas A&M University System at a groundbreaking ceremony April 2, for a new 30,000-square-foot South Texas Workforce Development Project advanced manufacturing training facility at the Port of Brownsville.The center will offer programs ...
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The U.S. Army Corps of Engineers expects to open a limited access channel to safe navigation in and out of the Port of Baltimore by May, as wreckage of the collapsed Francis Scott Key Bridge is cleared away.The Corps’ Baltimore District continues working with local, ...
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Global air cargo continued its positive start to 2024 with a second consecutive month of double-digit growth in February, according to Xeneta’s weekly marketing analysis.Air freight’s January’s 11 percent volume growth saw similar improvement in February for airlines and freight forwarders, with demand increasing more ...
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The Port of South Louisiana, or PortSL, has experienced a remarkable upturn in its fourth quarter results, revealing a surge of nearly 10 million short tons of cargo and a 3.7 percent increase in 2023 cargo.It marked the second substantial annual increase for the second-largest ...
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