logo
$10B Public-Private Project from Green Corridors, LLC, Will Secure and Modernize Trade Between the U.S. and Mexico

$10B Public-Private Project from Green Corridors, LLC, Will Secure and Modernize Trade Between the U.S. and Mexico

Business Wire20-06-2025
AUSTIN, Texas--(BUSINESS WIRE)-- Green Corridors, LLC (GreenCorridors.com), a newly unveiled public-private logistics initiative, received approval from the White House on June 9 th to construct, maintain and operate the cross-border IFTS which links Laredo, Texas with Monterrey, Mexico. The system is designed to alleviate traffic congestion at the port of entry and in both cities while significantly improving security versus the status quo.
With the U.S. Department of State, Customs and Border Protection, and international stakeholders fully engaged, the Green Corridors megaproject is poised to become the most advanced overland freight infrastructure deployment in North America.
Share
The WSJ has highlighted the bold infrastructure project and vision in an exclusive article on June 18, 2025.
'This project represents a paradigm shift in transportation with our largest trading partner,' said Green Corridors CEO Mitch Carlson. 'By separating freight from public traffic, we can significantly reduce transportation costs and solve serious congestion and safety issues.'
The project introduces a complex system of software, elevated guideways, freight terminals and an autonomous shuttle fleet, which streamlines heavy trade corridors. With the U.S. Department of State, Customs and Border Protection, and international stakeholders fully engaged, the Green Corridors megaproject is poised to become the most advanced overland freight infrastructure deployment in North America.
As reported in WSJ, a White House official noted the proposed Laredo to Monterrey project could reduce wait times for cross-border travel, improve supply-chain resilience and create additional capacity to support growing trade with Mexico.
The Green Corridors project is not supported by government funding. The company generates revenue from multiple sources in its business model, including fees charged to customers moving freight through the system. The company is backed by a consortium of private-sector leaders, infrastructure partners, and logistics innovators including the Swinbank family office in Houston, Druker Capital in New York and the Chang Robotics Fund in Jacksonville, Fla. The company anticipates breaking ground within the next 36 months. The first operations are estimated to commence in 2031.
About Green Corridors
Green Corridors is a private infrastructure technology company creating secure, autonomous freight corridors to solve congestion issues. By integrating state-of-the-art technology with proprietary infrastructure, Green Corridors delivers a scalable, replicable model for the future of global logistics. For more information about project details, partnerships, investment opportunities, and executive vision and insights, readers can visit GreenCorridors.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

TSA's faster PreCheck lane is now available at these 15 airports
TSA's faster PreCheck lane is now available at these 15 airports

Yahoo

time2 days ago

  • Yahoo

TSA's faster PreCheck lane is now available at these 15 airports

The Transportation Security Administration (TSA) launched a quicker version of PreCheck, although the service is currently available at only 15 airports in the United States. TSA PreCheck Touchless ID utilizes an enhanced facial recognition technology, Traveler Verification Service, which creates a secure biometric template of a passenger's live facial image and compares it to images the passenger previously provided to the federal government. The live image is taken at an airport checkpoint. The technology is currently being used by U.S. Customs and Border Protection (CBP), according to TSA's website. It's supposed to be faster because passengers do not need to present an ID card or boarding pass. Passengers who have consented to use the technology can opt out at any time. What US airports are using TSA PreCheck Touchless ID? Here are the airports where the TSA PreCheck Touchless ID is in use: Chicago O'Hare International Airport Dallas-Fort Worth International Airport Denver International Airport Detroit Metropolitan Wayne County Airport Harry Reid International Airport in Las Vegas Hartsfield-Jackson Atlanta International Airport John F. Kennedy International Airport LaGuardia Airport Los Angeles International Airport Newark Liberty International Airport Portland International Airport in Oregon Ronald Reagan Washington National Airport Salt Lake City International Airport San Francisco International Airport Seattle–Tacoma International Airport How to use TSA PreCheck Touchless ID? To use the feature, passengers must opt in through a participating airline's profile. TSA and CBP are allowing airports and airline partners to request the use of Traveler Verification Services for identity verification under an established TSA process. Upon approval, partners purchase camera equipment to take photos of voluntary passengers at airport baggage drop and boarding locations. The pictures are used to create biometric templates, which are compared against existing government images, according to the TSA's website. During an airline partner's mobile app check-in process, the airline alerts passengers if they can opt in to the service. Passengers who choose to participate will be given a consent indicator on their mobile boarding pass. Those who decide against participating will not receive a consent indicator, TSA states. Even though passengers can opt out at any point, a previously taken photo may still be stored. Which airlines are participating? American Airlines, Delta Air Lines, United Airlines and Alaska Airlines are the first carriers to implement the technology, which will be available at the following airports: American Airlines: Hartsfield-Jackson Atlanta International Airport, Ronald Reagan Washington National Airport, Denver International Airport, Dallas Fort Worth International Airport, Harry Reid International Airport, LaGuardia Airport, Portland International Airport, Seattle–Tacoma International Airport and Salt Lake City International Airport. Delta Air Lines: Hartsfield-Jackson Atlanta International Airport, Ronald Reagan Washington National Airport, Denver International Airport, Detroit Metropolitan Wayne County Airport, John F. Kennedy International Airport, Harry Reid International Airport, LaGuardia Airport, Los Angeles International Airport, Portland International Airport, Seattle–Tacoma International Airport and Salt Lake City International Airport. United Airlines: Hartsfield-Jackson Atlanta International Airport, Ronald Reagan Washington National Airport, Denver International Airport, Newark Liberty International Airport, Harry Reid International Airport, Los Angeles International Airport, LaGuardia Airport, Chicago O'Hare International Airport, Portland International Airport, Seattle–Tacoma International Airport, San Francisco International Airport and Salt Lake City International Airport. Alaska Airlines: Hartsfield-Jackson Atlanta International Airport, Ronald Reagan Washington National Airport, Denver International Airport, Los Angeles International Airport, Portland International Airport and Seattle–Tacoma International Airport. How much does it cost? PreCheck Touchless ID is free for individuals who already have TSA PreCheck. The initial cost of TSA PreCheck ranges from $77 to $85. When will PreCheck Touchless ID become available at more airports? While the TSA has not announced any plans to bring the technology to additional airports, the agency's website notes: 'As part of its on-going efforts to enhance the identity verification of passengers by using facial identification technology at airports, TSA looks to continue to expand this technology to additional airports with new airline partners at checkpoints, bag drop and boarding areas for testing and evaluation purposes.' Michelle Del Rey is a trending news reporter at USA TODAY. Reach her at mdelrey@ This article originally appeared on USA TODAY: TSA PreCheck Touchless ID is faster, only found at these 15 airports

Gold price today, Tuesday, August 12, 2025: Gold retreats after tariff clarification
Gold price today, Tuesday, August 12, 2025: Gold retreats after tariff clarification

Yahoo

time5 days ago

  • Yahoo

Gold price today, Tuesday, August 12, 2025: Gold retreats after tariff clarification

Gold (GC=F) futures opened at $3,393.60 per ounce Tuesday, up 1.2% from Monday's close of $3,353.10. The opening price is 2.4% lower than gold's last peak of $3,477, achieved on Friday. On Monday, President Trump announced via social media that Switzerland's reciprocal tariff would not apply to gold. The precious metal's price jumped last week on reports that U.S. Customs and Border Protection would assess levies on gold imports. Switzerland is a major gold refining hub, and Swiss gold bars are used to settle U.S. gold futures contracts. Following Trump's social media post, the Swiss Association of Manufacturers and Traders in Precious Metals asked for a "formal and binding" decision on the gold tariff. Current price of gold The opening price of gold futures on Tuesday is up 1.2% from Monday's close of $3,353.10 per ounce. Tuesday's opening price marks a gain of 0.4% over the opening price of $3,378.50 one week ago on August 5. In the past month, the gold futures price has gained 1.9% compared to the opening price of $3,330.50 on July 11, 2025. In the past year, gold is up 39.5% from the opening price of $2,432.70 on August 12, 2024. Don't forget you can monitor the current price of gold on Yahoo Finance 24 hours a day, seven days a week. Want to learn more about the current top-performing companies in the gold industry? Explore a list of the top-performing companies in the gold industry using the Yahoo Finance Screener. You can create your own screeners with over 150 different screening criteria. How to invest in gold Investing in gold is a four-step process: Set your goal. Set an allocation. Choose a form. Consider your investment timeline. Today, we're delving deeper into step 2, setting the appropriate gold allocation. After determining your investment goals for buying gold in the first place, next comes understanding how much to buy. Learn more: How to invest in gold in four steps Allocation is the composition of your portfolio across different types of assets, such as stocks, bonds, and gold. Setting a target allocation for each asset type helps you control risk over the long term because asset values change over time. Stocks appreciate, for example. Unless you periodically rebalance your holdings to restore the target allocation, the appreciation can leave you over-concentrated in equities. Scott Travers, author of 'The Coin Collector's Survival Manual' and editor of COINage magazine recommends holding 5% to 15% of your net worth in gold. Other experts advise going as high as 20% if you are risk-tolerant. A review of gold's historic behavior in light of your risk appetite should help you identify the right allocation percentage. Yahoo Finance video: Safe-haven assets: Breaking down what you need to know Count your jewelry Remember, too, that your target allocation includes the value of the gold you already own. Travers recommends checking your jewelry box before buying more gold. Given gold's sharp rise in value over the past 12 months and more, your gold jewelry may be worth more than you think. Travers warns against selling your jewelry to buy gold coins because you will pay dealer fees on both transactions. Up Next Up Next Price-of-gold chart Whether you're tracking the price of gold since last month or last year, the price-of-gold chart below shows the precious metal's steady upward climb in value. Historic price of gold Historically, gold has shown extended up cycles and down cycles. The precious metal was in a growth phase from 2009 to 2011. It then trended down, failing to set a new high for nine years. In those lackluster years for gold, your position will negatively impact your overall investment returns. If that feels problematic, a lower allocation percentage is more appropriate. On the other hand, you may be willing to accept gold's underperforming years so you can benefit more in the good years. In this case, you can target a higher percentage. The precious metal has been in the news lately, and many analysts are bullish on gold. In May, Goldman Sachs Research predicted gold would reach $3,700 a troy ounce by year-end 2025. That would equate to a 40% increase for the year, based on gold's January 2 opening price of $2,633. Rising demand from central banks, along with uncertainty related to changing U.S. tariff policy, are the factors driving the increase. If you are interested in learning more about gold's historical value, Yahoo Finance has been tracking the historical price of gold since 2000.

Trump says gold won't face tariffs
Trump says gold won't face tariffs

The Hill

time6 days ago

  • The Hill

Trump says gold won't face tariffs

President Trump announced Monday that there would be no tariffs placed on gold imports, offering clarity after the gold market was in turmoil last week. Trump made the announcement on Truth Social. The White House last week said Trump would issue an executive order to clarify the administration's policy on tariffs on gold bars following reports that Customs and Border Protection (CBP) ruled 1-kilogram and 100-ounce bars should be classified with a certain customs code that would make them subject to tariffs. Gold tariffs would have increased the cost of importing it into the United States, which could have upended supply chains and led to higher prices. Trump has placed tariffs on other metals, including copper and steel and aluminum. He has also put tariffs on automobiles, as well as blanket tariffs on imports from dozens of countries.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store