South Korea's LX Pantos acquires logistics hub in US
South Korean 3PL LX Pantos said yesterday it had teamed with state-backed maritime financial institution ...
A container ship approaches the Arthur Ravenel Jr. Bridge in Charleston© Mariusz Bugno
President Biden has earmarked $3bn for port modernisation projects across 27 US states, benefiting some 55 sites.
The White House announcement specified that the upgrades would include electrification and battery-hybridisation of port equipment, in an initiative being called the Environmental Protection Agency Clean Ports grants.
“I’m proud to announce we’re delivering $3bn in funding from my Inflation Reduction Act to help clean up and modernise ports in 27 different states and territories, from Pennsylvania, Georgia, Michigan ...
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