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Startup electric truck infrastructure developer WattEV won’t say how much money it has raised from investors. But its stunning accumulation of grant money is a bigger story. “It’s one of the things that definitely sets us apart,” co-founder and CEO Salim Youssefzadeh told me about his private company’s grant hoard. WattEV took in the largest…
The start of 2024 is bringing with it significant growth in volumes at top U.S. ports. January witnessed a 9.2% year-over-year increase in inbound containers. This rise represents the latest reading in four consecutive months of growth, a beacon of positive momentum after a challenging period dominated by the post-pandemic downturn. “We are now completely…
So what’s a port to do after it adds 120 paved acres to support its growing roll-on/roll-off (ro-ro) vehicle business? That’s easy. If you’re the Port of Brunswick, Georgia, you add an additional 50 acres. The Georgia Ports Authority Board approved the measure for expansion of more vehicle storage at Brunswick, a move that will…
The annual contract season is down to the final stretch in the trans-Pacific shipping market. U.S. import costs, liner profitability and service reliability all hinge on where contract prices settle in the next few weeks. The plot twist this year is that the prior round of annual contracts were signed at historically high levels and…
Birmingham-Shuttlesworth International Airport (BMH) in Alabama has begun construction of its first dedicated terminal for general cargo, part of a new focus on attracting cargo business that already includes new chartered freighter flights from Germany. The Birmingham Airport Authority last week broke ground on the $27 million facility, which will serve as the Southeast air…
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