UP to Open New Intermodal Rail Terminal in Phoenix to Serve SoCal Ports
The Union Pacific Railroad announced plans to open a new Intermodal Terminal at its Phoenix Yard to provide daily rail service to the SoCal Ports and UP’s ICTF Terminal in Long Beach. The new Terminal, owned and operated by UP, is expected to open in the first quarter of 2024 and handle 20’, 40’ and 45’ ISO containers, which will be drayed off-site to a 25-acre container yard owned and operated by Duncan & Son Lines, a private logistics firm located approx. 15 miles from the Terminal. “We are excited to offer regional shippers and receivers in Arizona a fast, sustainable rail option to move product into and out of Southern California that is cost competitive and removes trucks from our nation’s congested highways, with an ability to expand offerings and grow in the future” said Kenny Rocker, EVP, Marketing & Sales for UP. Read More
Forum Mobility Announces Plans for Truck Charging Depot at Port of Long Beach
Forum Mobility, an Oakland CA start-up providing Battery Electric Vehicle (BEV) Trucks and Charging Stations announced plans to construct a new Heavy-Duty Truck Charging Depot at the Port of Long Beach. The public Charging Depot will offer 19 dual-port 360 kW chargers and six 360 kW single dispenser chargers, able to charge a total of 44 trucks simultaneously, with the ability to charge a Class 8 truck in about 90 minutes, depending upon battery size. Scheduled to be online in the Fall of 2024, the Charging Station, located on Pico St. adjacent to the Long Beach Container Terminal, will serve over 200 trucks per day.
The rapid deployment of an EV charging infrastructure is crucial to support CA CARB regulations requiring all Drayage Trucks serving Ports to be zero-emission by 2035 (approx. 33,000 Class 8 trucks). The CA Energy Commission estimates to comply with CA regulations, CA will need 157,000 medium and heavy-duty chargers by 2030. Read More.
First Round of Bankrupt Yellow Freight’s Terminal Auction Nets $1.9 Billion
The first round of the auction of the trucking terminals of the bankrupt Less-Than-Truckload (LTL) Carrier Yellow Freight’s portfolio resulted in the sale of 130 properties to 21 buyers for nearly $1.9 billion as of Dec. 5th. The largest bidder was LTL Carrier: XPO, which acquired 28 properties for $870 million and included terminals in Atlanta, Houston, Indianapolis, Las Vegas, Minneapolis, New York, St. Louis, and Washington DC. The next highest bidder was Estes, which acquired 24 terminals for $248.7 million, and Saia which acquired 17 terminals for $235.7 million. The terminals remaining to be auctioned include 46 Yellow-owned terminals and 140 leased terminals with the auction set to reconvene Dec.18th as well as the ongoing auction of Yellow’s equipment, which includes 12,000 tractors and 35,000 trailers. Read More.
Ocean West Acquires Industrial Outdoor Storage Portfolio in the Inland Empire
Industrial Real Estate Investment Firm, Ocean West Capital Partners has acquired a portfolio of four industrial outdoor storage (IOS) sites in the SoCal Inland Empire. Totaling 921,729 sq. ft across 21.2 acres in the San Bernardino and Fontana submarkets, the concrete-paved facilities received the necessary permits for outdoor storage uses, and include new fencing, lighting, and a combined 604 total trailer stalls.
Ben Atkins, CEO of Zenith IOS recently stated that he sees IOS as a $300 billion addressable market in the U.S. alone. The demand for IOS near Ports, Rail Terminals, and warehouses has increased in recent years as the need for their use in the supply chain increases, including the temporary storage of vehicles, Ocean Containers, trailers, chassis, and an electric vehicle charging infrastructure. Read more at REBUSINESS Online and FreightWaves.
Ocean Carrier CEOs Call for Regulations to End New Fossil Fuel-Only Vessels
The CEOs of five of the largest Ocean Carrier companies issued a joint declaration calling for International Maritime Organization regulations to end the new building of fossil fuel-only vessels and a Greenhouse Gas Intensity Standard timeline to inspire investment confidence for new construction and the required fuel infrastructure. The CEOs of CMA CGM, Maersk, MSC, Hapag Lloyd, and Willennius Wilhelmsen, representing companies with over 50% of the global containership market share, also called for a pricing mechanism (“green balance fee”) to make green fuel competitive with fossil fuels during the transition.
A new report from UMAS Consultancy, London, in December 2023 indicates that the cost of zero-emission fuels could significantly increase the costs of Ocean Carrier transit during the transition. As an example for a transpacific 15,000 TEU vessel from Shanghai to Los Angeles, the cost differential for zero-emissions freight transport per TEU could range between $90 – $450 per TEU above the reference values for conventional freight in 2030, representing a 17% to 52% increase, for such fuels as bio-methanol, green ammonia, and green methanol. Read more at Maritime Executive “CEOs” & UMAS Report.
STG Logistics Completes Acquisition of Carrier: Best Dedicated Solutions
STG Logistics, a third-party logistics provider headquartered in Bensenville, IL, announced the completion of the acquisition of Best Dedicated Solutions (BDS), a provider of temperature-controlled and other over-the-road transportation solutions. The acquisition expands STG’s service offering, which includes refrigerated, dry van, flatbed, and expedited modes and services as well as intermodal, drayage, and facility-based containerized logistics services, which includes the nation’s largest network of container freight station and transload facilities. Paul Svindland, CEO of STG stated: “We are excited to move forward as one organization with the ability to now offer customers a complete containerized logistics solution”. Read More
Vast Store of Lithium Deposits Identified Beneath California’s Salton Sea
A recent analysis by the U.S. Dept of Energy (DOE) has revealed a vast store of lithium beneath California’s Salton Sea. A costly component of many electric vehicle batteries, the lithium reservoir is estimated to contain enough lithium carbonate to produce 375 million electric vehicle batteries – able to meet global lithium demand for decades. According to a report by the American Transportation Research Institute (ATRI), the majority of lithium is currently sourced from Chile, Australia, Argentina, and China, with the U.S. accounting for only 3.4% of total reserves.
The DOE analysis indicates the extraction activity if done properly, is not likely to create significant negative environmental impacts. However, harnessing and extracting this resource on a commercial scale poses a formidable task. Companies like Berkshire Hathaway Energy and Controlled Thermal Resources are investing in technologies to extract lithium from brine efficiently and companies like GM, Stellantis, and Ford are already in partnerships to secure lithium from the Salton Sea, signaling the industry’s confidence in the region’s potential. Read more at Interesting Engineering and ATRI Report (pdf).