DoT Invests $653M to Improve U.S. Ports - Modern Distribution Management

DoT Invests $653M to Improve U.S. Ports

In an effort to strengthen supply chain reliability, the U.S. Department of Transportation has awarded grants to fund 41 port projects. 
Source: Port of Long Beach LinkedIn

In an effort to strengthen supply chain reliability and speed up the movement of goods, the U.S. Department of Transportation has awarded over $653 million in grants to fund 41 port improvement projects.

The grants were awarded under the Port Infrastructure Development Program (PIDP), which provides planning support, capital funding, and project management assistance to improve capacity and efficiency of ports in both urban and rural areas.

The Nov. 3 grant announcement, which is a part of President Joe Biden’s Investing in America agenda, includes:

  • more than $172.8 million for 26 small ports to continue to improve and expand their capacity.
  • The Port of Long Beach in California will receive $52.6 million to add a third intermodal railroad track and make roadway improvements in order to enhance cargo movements to and from the port and create more space for truck operations.
  • The Port of Newark in New Jersey will recieve $32 million to reconstruct a berth that would increase the port’s capacity to handle projected increases in dry bulk goods and provide an additional layer of reliability for the regional and national supply chain.

Why Invest in Ports to Improve the Supply Chain?

The COVID-19 pandemic put enormous pressure on global supply chains, which proved were too weak to handle the strain, according to the Department of Transportation’s Maritime Administration.

“Americans were paying more and waiting longer for everyday goods. At one point, more than a hundred ships were waiting to dock at West Coast ports. This contributed to inflationary prices,” government officials wrote. “This Administration and port workers stepped up to the challenge. Now, there’s been more than a 90% decrease in the number of container ships waiting for berths at U.S. ports and global container shipping costs are down by more than 80% from their peak in 2021. These investments represent the Biden Administration’s continued focus on improving U.S. ports and strengthening our supply chains to be more resilient to shocks to the system in the future.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!