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The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular Youngkin wants to pull Virginia funding from ‘sanctuary cities’ Youngkin wants to pull Virginia funding from ‘sanctuary cities’ Woman dies, driver injured in James City County crash Woman dies, driver injured in James City County crash Colonial Williamsburg’s Grand Illumination has echoes across the US Colonial Williamsburg's Grand Illumination has echoes across the US Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor The Navy’s fighter pilots fly at the extremes. Their brains may suffer. The Navy’s fighter pilots fly at the extremes. Their brains may suffer. Distraught man tried to get police to shoot him, ultimately leading to shots fired in both directions Distraught man tried to get police to shoot him, ultimately leading to shots fired in both directions Wrong-way driver on I-64 arrested, charged with driving under the influence Wrong-way driver on I-64 arrested, charged with driving under the influence Former NFL player opens Newport News youth empowerment center Former NFL player opens Newport News youth empowerment center Publix opens in Virginia Beach with fried chicken, subs and soup bar Publix opens in Virginia Beach with fried chicken, subs and soup bar House approves $895B defense bill with military pay raise, ban on transgender care for minors House approves $895B defense bill with military pay raise, ban on transgender care for minors Trending Nationally President Joe Biden commutes sentences for two of Chicago area’s most notorious fraudsters Luigi Mangione separated from other prisoners at PA jail: report How pythons and other invasive species may have spread farther in Florida due to hurricanes Nearly 200 cattle worth at least $300K stolen, missing from Colorado’s Uncompahgre Plateau Retired Chicago Bulls player Michael Jordan finalizes $9.5M sale of Highland Park home
Nippon Yusen Kabushiki Kaisha (NYK) and Yusen Logistics Co., Ltd. (YL) have introduced a digital platform for managing greenhouse gas (GHG) emission reductions*. The platform is provided by 123Carbon B.V. (123Carbon), a Netherlands-based startup working on decarbonizing the logistics sector. NYK and YL, a comprehensive logistics group, will use the platform to support the reduction of Scope 3** GHG-emissions by allocating to platform customers the GHG-emission reductions achieved through the use of alternative fuels in our ocean, air, and land transport services and issuing certificates confirming those reductions. Process for Managing and Allocating GHG-Emission Reductions – NYK Generates and manages GHG-emission reductions through the use of biofuels in its bulk shipping business, recognizes the environmental value of these reductions, then allocates them to YL and issues a certificate of confirmation. The first allocation will be completed on the platform after verification by a third-party certification organization. – YL Procures GHG-emission reductions generated by ocean shipping companies like NYK and its airline partners*** and provides accompanying certificates. Additionally, for land transport, YL will utilize sustainable fuels derived from waste cooking oil and other renewable materials to power its own trucks in some countries and areas, actively creating and managing GHG-emission reductions as a transport operator. A one-stop service on the platform will be officially launched by YL shortly. – Customers can monitor GHG-emission reduction methods and the alternative fuels used to generate the reductions. – The management and allocation of GHG-emission reductions are secured using blockchain technology to prevent data tampering. – The entire process, from calculating GHG-emission reductions to allocating, is verified by a third-party certification organization to ensure the platform’s reliability and transparency. Achieving a decarbonized society is a global challenge that must be tackled head-on. Companies require close collaboration with customers, partners, and other stakeholders to reduce Scope 3 GHG-emissions from transportation. By leveraging our expertise as a comprehensive global logistics group, we will contribute to reducing GHG-emissions in customers’ supply chains by launching a one-stop service that enables appropriate allocation of GHG-emission reductions created by each transport mode. Comment from Jeroen van Heiningen, Managing Director, 123Carbon Diagram of GHG-emission-reduction management and allocation “We welcome NYK and YL as new users to our advanced platform. They are not only using our registry services, but have also adopted our branded platform, allowing them to directly involve their customers in their low carbon activities. We are looking forward to executing this trial and collaborating with NYK and YL on this exciting topic.” NYK supplies biofuel to car carriers, bulk carriers, and crude oil tankers. In November 2023, the company released the “NYK Group Decarbonization Story,” which sets a GHG-reduction target to achieve net-zero emissions by 2050. YL is working toward its medium-term target of reducing GHG-emissions by 45% by 2030, focusing primarily on Scope 1 and 2 emissions to align with its goal of achieving decarbonization by 2050. The NYK Group will continue to take a long-term perspective in its efforts and promote initiatives that contribute to reducing GHG-emissions, working with its customers to realize a decarbonized society. Source: Nippon Yusen Kaisha
Drone operators worry that anxiety over mystery sightings will lead to new restrictionsWASHINGTON (AP) — President-elect on Thursday voiced his support for the dockworkers union before their contract expires next month at Eastern and Gulf Coast ports, saying that any further “automation” of the ports would harm workers. Related Articles The incoming president posted on social media that he met Harold Daggett, the president of the International Longshoreman’s Association, and Dennis Daggett, the union’s executive vice president. “I’ve studied automation, and know just about everything there is to know about it,” Trump posted. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen. Foreign companies have made a fortune in the U.S. by giving them access to our markets. They shouldn’t be looking for every last penny knowing how many families are hurt.” The International Longshoremen’s Association has until Jan. 15 to negotiate a new contract with the U.S. Maritime Alliance, which represents ports and shipping companies. At the heart of the dispute is whether ports can install automated gates, cranes and container-moving trucks that could make it faster to unload and load ships. The union argues that automation would lead to fewer jobs, even though higher levels of productivity could do more to boost the salaries of remaining workers. The Maritime Alliance said in a statement that the contract goes beyond ports to “supporting American consumers and giving American businesses access to the global marketplace – from farmers, to manufacturers, to small businesses, and innovative start-ups looking for new markets to sell their products.” “To achieve this, we need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” said the alliance, adding that it looks forward to working with Trump. In October, the union representing 45,000 dockworkers went on strike for three days, raising the risk that a prolonged shutdown could push up inflation by making it difficult to unload container ships and export American products overseas. The issue pits an incoming president who on the promise of bringing down prices against commitments to support blue-collar workers along with the kinds of advanced technology that drew him support from Silicon Valley elite such as billionaire Elon Musk. Trump sought to portray the dispute as being between U.S. workers and foreign companies, but advanced ports are also key for staying globally competitive. China is opening a that could accommodate ships too large for the Panama Canal. There is a risk that shippers could move to other ports, which could also lead to job losses. Mexico is constructing a port that is highly automated, while Dubai, Singapore and Rotterdam already have more advanced ports. Instead, Trump said that ports and shipping companies should eschew “machinery, which is expensive, and which will constantly have to be replaced.” “For the great privilege of accessing our markets, these foreign companies should hire our incredible American Workers, instead of laying them off, and sending those profits back to foreign countries,” Trump posted. “It is time to put AMERICA FIRST!”
BROADCOM, a chip supplier for Apple and other big tech companies, posted better-than-expected profit in the fourth quarter after artificial intelligence demand helped bolster growth. Profit was US$1.42 a share in the period, excluding some items, the company said in a statement on Thursday. Revenue rose to nearly US$14.1 billion. Analysts had estimated US$1.39 a share in earnings and revenue of US$14.1 billion on average, according to data compiled by Bloomberg. Sales will be US$14.6 billion in the fiscal first quarter, which runs through January, in line with estimates. The results suggest that demand for AI computing is offsetting a slowdown in other areas. Like Nvidia, Broadcom is positioning itself to be a major beneficiary of AI spending. The stock rose about 4 per cent in extended trading following the announcement. It had been up 62 per cent in 2024 through the close. Investors have piled into Broadcom’s stock this year, betting that the AI frenzy will fuel a sales surge. The Palo Alto, California-based company had predicted that it would get more than US$10 billion in annual revenue from that market, outpacing other parts of its business. Ultimately, the number reached US$12.2 billion in the last fiscal year. AI revenue grew grew 220 per cent during the year, fueled by demand for AI processors and networking components, chief executive officer Hock Tan said in the statement. Tan has assembled one of the most valuable companies in the chip industry through a string of acquisitions. He also has built a software unit that’s approaching the scale of its semiconductor operations. That reach makes the company’s forecasts a bellwether for demand over a broad swath of the technology industry. Data centre providers rely on Broadcom’s custom-chip design and networking semiconductors to build their AI systems. The company also sells components for cars, smartphones and internet access gear. Its push into software, meanwhile, includes products for mainframe computers, cybersecurity and data center optimisation. Apple is a top customer of Broadcom and provides key components for the iPhone. During earnings calls, Tan typically gives updates on Broadcom’s often-contentious relationship with that company, which he refers as his “large North American customer” or another vague term. Bloomberg News reported earlier that Apple would start switching away from a key Broadcom wireless chip starting next year. The iPhone maker has been replacing suppliers’ components with in-house versions, a trend that’s also set to hit chipmaker Qualcomm. Broadcom’s semiconductor division had revenue of US$8.23 billion billion in the three months ended Nov 3, up 12 per cent. Software sales grew nearly 200 per cent to US$5.82 billion. The company is much larger than it was a year ago, partly because of its acquisition of VMware Inc, which it bought for roughly US$69 billion. Prior to the report, analysts raised concerns that Broadcom’s chip design business was suffering from weaker demand. They cited the slower introduction of a new version of a Broadcom processor for Alphabet. BLOOMBERGDolby Laboratories director Peter Gotcher sells $480,026 in stockPISCATAWAY, N.J. (AP) — Luke Altmyer found Pat Bryant for a catch-and-run, 40-yard touchdown pass with 4 seconds left, sending No. 24 Illinois to a wild 38-31 victory over Rutgers on Saturday. Illinois (8-3, 5-3 Big Ten) was down 31-30 when it sent long kicker Ethan Moczulski out for a desperation 58-yard field goal with 14 seconds to go. Rutgers coach Greg Schiano then called for a timeout right before Moczulski’s attempt was wide left and about 15 yards short. After the missed field goal was waved off by the timeout, Illinois coach Bret Bielema sent his offense back on the field. Altmyer hit Bryant on an in cut on the left side at the 22, and he continued across the field and scored untouched in a game that featured three lead changes in the final 3:07. Rutgers (6-5, 3-5) gave up a safety on the final kickoff return, throwing a ball out of bounds in the end zone as players passed it around hoping for a miracle touchdown. Altmyer was 12-of-26 passing for 249 yards and two touchdowns. Bryant finished with seven receptions for 197 yards. Altmeyer put Illinois in front with a 30-yard TD run with 3:07 to go. He passed to Josh McCray on the 2-point conversion, making it 30-24. Rutgers responded with a 10-play, 65-yard drive. Athan Kaliakmanis had a 15-yard run on fourth down. He passed to running back Kyle Manangai for a 13-yard TD with 1:08 remaining. Illinois then drove 75 yards in eight plays for the unexpected win. Kaliakmanis was 18 for 36 for 174 yards and two touchdowns. He also had 13 carries for 84 yards and two TDs. Monangai had a career-high 28 carries for 122 yards. Kaliakmanis found Ian Strong for a 2-yard touchdown in the final seconds of the first half, and he scored on a 1-yard run to lift Rutgers to a 24-15 lead early in the fourth quarter. Illinois responded with Aidan Laughery’s 8-yard TD run, setting up the roller-coaster finish. The start of the second half was delayed because of a scrum between the teams. There were no punches thrown and the officials called penalties on both schools. Monangai become the third player in Rutgers history to rush for 3,000 yards when he picked up 4 on a third-and-1 carry early in the second quarter. The defending conference rushing champion joins Ray Rice and Terrell Willis in hitting the mark. Illinois: The great finish keeps the Illini in line for its first nine-win season since 2007 and a prestigious bowl game this season. Rutgers: The Scarlet Knights were seconds away from their first in-conference three-game win streak since joining the Big Ten in 2014. Illinois: At Northwestern next Saturday. Rutgers: At Michigan State next Saturday. AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll
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BOCA RATON, Fla. (AP) — Deshawn Purdie threw a 47-yard touchdown pass to O'Mega Blake for the go-ahead score and Charlotte defeated Florida Atlantic 39-27 on Saturday in a game that matched two new interim coaches. Charlotte (4-7, 3-4 American Athletic Conference) fired Biff Poggi on Monday and Tim Brewster took over. FAU (2-9, 0-7) fired Tom Ferman, also on Monday, with Chad Lunsford taking charge. After Blake's third touchdown catch of the game that came with 5:25 left, the 49ers extended their lead when Tyriq Starks was strip-sacked by Ja'Qurious Conley and 335-pound Katron Kevans carried it 22 yards into the end zone. Blake made five catches for a career-high 205 yards, including a 75-yard touchdown. Purdie was 16 of 30 for a career-best 396 yards passing with the three scores plus an interception. The 49ers only rushed for 46 yards. Stephen Rusnak kicked four field goals. Story continues below video Starks was 12-of-23 passing for 179 yards including a 65-yard score to Omari Hayes in the final minute of the third quarter to get FAU within six of the 49ers. CJ Campbell rushed 58 yards to score early in the fourth quarter and the Owls had a 27-26 lead. Campbell finished with 150 yards on 21 carries. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25Elon Musk has become the world’s richest man in history! Tesla CEO’s net worth jumps to $348 billion