The state wants to deploy 100,000 zero emission freight vehicles, as well as maximize zero and near-zero equipment and equipment powered by renewable energy for cargo operations by 2030.
UPS could take $3.8b hit from U.S. pension benefit cut
The cost would be triggered if the U.S. Treasury Department approves benefit cuts to protect the solvency of the Central States Pension Fund, which UPS pulled out of in 2007 but agreed to make up any losses its remaining members experienced.
European Commission cuts EU GDP forecast
Gross domestic product in the European Union currency area will increase by 1.6 percent this year and 1.8 percent in 2017, both 0.1 percentage point lower than the commission projected in February.
Amazon looks to expand European cross-border e-commerce
The e-commerce giant will help European sellers on Amazon Marketplace to sell goods to customers in other European Union countries by shipping inventory to one of Amazon’s 29 distribution centers on the continent.
CSX reroutes D.C. trains following derailment
The Jacksonville, Fla.-based Class I railroad is telling customers to expect delays for traffic headed through Washington, D.C. as recovery crews work to restore service after a CSX freight train went off the tracks Sunday.
FMC Chairman backs USCG position on container weight regulations
The U.S. Coast Guard bulletin regarding compliance with the International Maritime Organization’s verified gross mass requirement “seems to allow for more flexibility,” says Federal Maritime Commission Chairman Mario Cordero.
Four operators to compete to build terminal adjacent to Panama Canal
Three of the four pre-qualified port terminal operators that will bid for control of the Corozal Container Terminal have ties to container shipping giants Maersk Line, Mediterranean Shipping Co. (MSC), and CMA CGM.
Fire breaks out at Port Said container terminal
The 13,092-TEU containership COSCO Hope crashed into a gantry crane at Port Said as it was departing the Egyptian port, igniting a fire that spread to 20 containers and resulted in injuries to at least two people.
MSC launches new Mid East/ISC loop
The ocean carrier has commenced the new Middle East Feeder – Loop 1 service between Pakistan, the United Arab Emirates and Oman.
Logistics Dynamics links up with MacroPoint
MacroPoint’s freight tracking software will be integrated throughout freight broker and third-party logistics provider Logistics Dynamics, Inc.’s entire network of more than 55,000 motor carriers.