March 2024
German ocean line Hapag-Lloyd on Tuesday released its latest Sustainability Report, underlining the company’s commitment to pioneering sustainable practices in the maritime industry and reflecting its progress towards a more sustainable future.As part of its goal to operate a net-zero fleet by 2045, Hapag-Lloyd reduced the absolute greenhouse gas emissions of its fleet by 800,000 tonnes in 2023 compared to the previous year. The carrier significantly increased the amount of ...
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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 and incentive funding for low-carbon ...
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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 a realistic infrastructure buildout for ...
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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 over five years for state, ...
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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 March 14, is a key ...
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BBC Chartering has introduced its next generation of multipurpose vessels with the introduction of a fleet of 13,000-deadweight-ton “LakerMax” vessels.Ten vessels will be delivered from spring 2024 until 2026. The BBC Leer will be the first vessel delivered in April, the German carrier said in the spring issue of its ...
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Ryder System Inc. has opened a new logistics operation in Laredo, Texas and expanded its drayage yard in Nuevo Laredo, Mexico, in response to growth in nearshoring.The ports of Laredo and Nuevo Laredo are the top inland transborder trade port between the U.S. and Mexico, the latter of which rose ...
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The Montreal Port Authority said Feb. 28 it has entered into an agreement with Contrecoeur Terminal Constructors Partnership, or CTCGP, formed by Pomerleau and Aecon Group Inc., that will assist in the design of in-water works for the MPA’s Contrecoeur expansion project.MPA said it is using a hybrid approach for ...
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Ingram Marine Group, a partner in Port NOLA’s container-on-barge service, has created the Ingram Infrastructure Group, fueled by its acquisitions of Inland River Transport Holdings LLC, or SCF, and NexStar Solutions LLC, or NexStar.Nashville-based Ingram, a leading provider of material handling and supply chain services, acquired SCF, a provider of ...
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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 attacks on commercial vessels in ...
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