In an effort to achieve a zero-emissions future for ports by 2035, the Port of Long Beach and Port of Los Angeles are set to launch the Clean Truck Fund Rate which will charge cargo owners for containers delivered by non-zero-emission vehicles. The imposition of the...
Fitch Ratings and Moody’s had recently updated the ratings of several port authorities in America. Port Authority of New York and New Jersey’ (PANYNJ) was given an ‘A+’ rating on its 230th, 231st, and 232nd consolidated bonds. With regard to...
The Russia-Ukraine war may have rattled the global economy and supply chain, but Moody’s asserted that the crisis did not spill over into sea ports as things continue to remain positive for the sector. Summarizing the analysis of Moody’s reaffirming its...
The Federal Aviation Administration announced the allocation of $608 million to 441 airports across 46 US states as part of the first round of the 2022 Airport Improvement Program (AIP). The new funding will be given on top of the $20 billion in airport investments...
Does the mid-sized Pennsylvania town of Chester actually own its Water Authority? The state’s Supreme Court is now weighing in. In the September decision of the lower court, it ruled that Chester was the sole owner of CWA. This prompted Chester City Council to...