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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 than 11 percent year-over-year.The improved volumes, despite it being a slower time for air freight volumes, resulted in an average global spot rates rising 2 ...
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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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Rhenus Port Logistics in Rotterdam and Seaway7 said they have extended their partnership with a new 10-year contract.Already with 10 years under their belts, the companies have pledged to advance sustainability of their operations, through initiatives such as the use of electric cranes and forklifts, ...
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Ocean Network Express and Taiwan-based Yang Ming said they will introduce a transpacific service in February 2025.Japan-based ONE said it will deploy 16 weekly transpacific services, with an emphasis on end-to-end direct services and high schedule reliability. Yang Ming said it will participate in 13 ...
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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 ...
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Mediterranean Shipping Company’s MSC Air Cargo arm has joined the Cool Chain Association (CCA), a group of companies working together to improve the temperature-controlled supply chain. CCA members collaborate on initiatives to drive quality and innovation in the cool chain, helping to reduce food loss ...
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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 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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