On Feb. 29, the chairman of the House Committee on Homeland Security, Rep. Mark Green, R-Tenn., sent a strongly worded letter to an obscure Chinese equipment manufacturer: Shanghai Zhenhua Heavy Industries Co. (known as “ZPMC”). ZPMC is the world’s top producer of ship-to-shore gantry cranes used at container terminals the world over — nearly 80%…
The Biden-Harris Administration released the National Zero-Emission Freight Corridor Strategy, announcing the plan to accelerate zero-emission infrastructure development by 2040. The strategy was developed by the Joint Office of Energy and Transportation and […]
Drivers of commercial trucks involved in infrastructure crashes in British Columbia will face higher penalties. The proposed changes to the Commercial Transport Act (CTA) will enable the courts to impose […]
WASHINGTON — The Biden administration has selected 12,000 miles of freight-heavy interstates and the country’s largest container ports to begin a 16-year plan to deploy battery-charging and hydrogen-refueling stations for electric trucks. The four-phase National Zero-Emission Freight Corridor Strategy, unveiled Tuesday, initially targets local and regional “return-to-base” trucking operations, first- and last-mile delivery, and port…
The two key ratings agencies have weighed in with a cautionary outlook on the offer by GXO to acquire U.K.-based contract logistics company Wincanton. Neither Moody’s nor S&P Global Ratings reduced its credit rating on GXO (NYSE: GXO). At Moody’s, the Ba1 corporate rating is one notch below investment-grade. The S&P Global (NYSE: SPGI) rating…