Home
MyPNGLCTM Freight
MyPNGLCTM Parcel


Loading Quotes...
  • Home
  • About Us
    • About PNGLC
    • Terms & Conditions
    • Privacy Policy
  • Services
    • MyPNGLCTM
    • Parcel Audit Service
    • How It Works
    • What We Offer
  • Logistics Info
    • Packaging Tips
    • Glossary
    • FAQ
    • Referral Program
  • Careers
  • Contact Us
  • BLOG
(877) 764-9441

Why More Federal Freight Funding is Good News for Ports

When has more funding for anything not been good news?

This time its good news for US ports. The Transportation Department awarded $760 million of freight-oriented FASTLANE grants on July 6 that will help fund 18 freight mobility projects in 16 states. The money from the grants will be used to help alleviate congestion at the ports and the major land freight routes leading into the ports.

This new five-year federal transportation bill will help the road and rail bottlenecks that limit the movement of goods into and out of the seaports. With less congestion at the ports it should increase operating efficiency, save time and reduce transport cost for shippers.

So what exactly is the FASTLANE grant Program? It is an acronym for Fostering Advancements in Shipping and Transportation for the Long-Term Achievement of National Efficiencies (FASTLANE), now you know and you won’t lay awake at night wondering what the FASTLANE program stands for, your welcome.

Fun fact the Transportation Department received 212 applications totaling $9.8 billion for the FASTLANE grants, more than 10 times the amount available. FASTLANE grants includes $44 million to the Georgia Ports Authority, $42 million for the Massachusetts Port Authority, and 32 million to the Port Authority of New York and New Jersey. Other grants include $11 million to the Oregon International Port of Coos Bay and $7.7 million to the Maine Port Authority. The City of Seattle received a $45 million FASTLANE grant for a rail project that will link port terminals to the state highway system. The Port of Seattle said that it would add $5 million on top of the $45 Million grant awarded to Seattle. The States must develop a freight investment program before receiving any of the National Freight Policy Grants.

According to the Moody’s report, the 4.5 billion of FASTLANE grants through 2020 will alleviate but not solve the port congestion issues. Analyst Moses Kopmar said, “As ship sizes continue to grow and carriers consolidate their services at fewer ports, concentrated volumes, or surges, will further challenge throughput.” Kurt Nagle, President of the American Association of Port Authorities said, At least six seaports will be direct recipients or beneficiaries of projects funded by this year’s FASTLANE grants. Nagle went onto say, “While of course we’d love to see all of the ports’ grant application projects be funded, the fact that this many ports are receiving grants is a testament to the importance of America’s seaports in our national transportation system and to the economy. We look forward to additional vital projects being funded in the future.”

Let PNG Worldwide help you out with the logistics of your international shipments. Please do not hesitate to contact us at 717-626-1107×3 or info@pngworldwide.com if you need additional information.

Categories International Shipping, Logistics Services Professionals, LTL Freight, Ocean Freight, Shipping Rates, Shipping Rules & Regulations, Supply Chain Management, Transportation Industry | Tags: | Posted on July 26, 2016

Social Networks: RSS Facebook Twitter Google del.icio.us Stumble Upon Digg Reddit

Leave a Reply

The Accent on You

PNG Logistics is a full service Third Party Logistics (3PL) company that has helped hundreds of clients to lower their freight costs and increase shipping efficiencies. Our service is highly personalized and every shipment we handle is managed by an experienced logistics expert with our clients' best interest in mind.

In addition to enhanced service and peace of mind, PNG clients typically enjoy freight cost savings from 10% to 40% compared to their current transportation and shipping costs.

What might you save?

Request Analysis
  • Posts
  • Comments
  • Social
  • Essential Things Importers Can Do to Prepare for Tariffs
  • TMS & ERP INTEGRATION- PNG EFFICIENCY SAVINGS
  • PARCEL AUDITING SERVICE – HOW CAN YOUR BUSINESS BENEFIT ?
  • BENEFITS OF FREIGHT BILL AUDITING
    • Angelo Cauzzo: Good evening, Our sister company have delivered several containers in a terminal at the port of...
    • Kairi Gainsborough: Thanks for the tip about checking for recertification if you find ISPM 15 wood that has been...
    • Alen Dane: I will keep in mind the mentioned points regarding VGM. Thanks for sharing such useful information. I...
    • PNG Logistics: Hello Juan, Chassis charge is the rental fee for the chassis equipment used to move the container...
    • Juan Silva: Hello, I have just one question. The chassis charge is the movement inside terminal?, I meant from the...
    • No items.
    Proudly powered by WordPress