Warren Richmond Hartwell
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Nov 05, 2023US ports plan upgrades to electric yard equipment after securing EPA grants | Journal of Commerce
Less-than-truckload volumes may be down as much as 15% from 2021, but carriers are pushing for rate hikes in single-digit percentages as they plan expansion.
The Environmental Protection Agency will disburse nearly $3 billion in federal funds meant to offset the costs of upgrading thousands of pieces of yard equipment from diesel to electric power.
Import demand from Asia, which typically tapers ahead of Black Friday sales, is holding steady, fueled by resilient retail sales, tariff concerns and the mid-January expiration of the tentative ILA labor agreement.