Business
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., have signed a preliminary memorandum of terms, or PMT, to provide up to US$6.6 billion in direct funding under the CHIPS and Science Act, which ...
[+]
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, ...
[+]
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 ...
[+]
A former U.S. attorney general is suing California over its Advanced Clean Fleets, or ACF, regulation, which requires fleets to transition to zero-emission trucks for draying, beginning this year.William Barr operates as chair of AmFree, the American Free Enterprise Chamber of Commerce’s Center for Legal ...
[+]
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 ...
[+]
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, ...
[+]
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 ...
[+]
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 ...
[+]
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, ...
[+]
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 ...
[+]
« Back
More »
