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Trade and city leaders on Tuesday kicked off a $83.7 million rail project that is expected to create 340 jobs, have an estimated economic impact of $400 million and move cargo in a more sustainable way.
Officials said the project will be a sustainable one, curbing truck trips on local roads by 2.3 million each year. A single full train eliminates between 280 and 750 truck trips, is 75 percent more fuel efficient than trucks and cuts air pollution as much as 65 percent, officials say.
More at the Press-Telegram
From the Journal of Commerce:
International Longshoremen’s Association members will vote April 9 on a landmark contract that was starting to look impossible without a strike.
Final agreement by the ILA and United States Maritime Alliance didn’t come easily. Some of USMX’s carrier members made an unsuccessful last-minute appeal for additional concessions. ILA officials said those changes would have been a deal-breaker and probably would have triggered the union’s first coastwide strike since 1977.
ILA President Harold Daggett said union delegates “achieved a great contract for the rank-and-file members we represent. Our union worked hard for over a year to bring home a landmark agreement that I am sure our members will ratify.”
More at the Journal of Commerce
The Energy Department is reviewing 16 applications to build export terminals to ship supplies to countries that don’t have free-trade agreements with the U.S. Among the companies seeking to export gas are Sempra Energy (SRE) of San Diego and Dominion Resources Inc. (D) of Richmond, Virginia. Cheniere Energy Inc. (LNG) has won approval for a facility that would begin exporting in 2015.
Incorporating Japan in the trade agreement would unite one country seeking new markets for booming supply with another nation desperate for imports to help it replace nuclear plants.
Japan is increasingly reliant on imported gas for electricity, following the March 2011 tsunami that damaged several nuclear reactors, and it’s relying on supplies from countries such as Malaysia, Russia, Qatar, Australia and Indonesia, according to the U.S. Energy Information Administration. The U.S. is not one of its top suppliers now.
More at Bloomberg
Source: Working In These Times
Source: Daily Tribune
Source: Endeavor
Source: NYTimes
Source: WYTV
Source: Times Union
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