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Rail News: Intermodal

PennDOT extends funding for intermodal cargo incentive program


The Pennsylvania Department of Transportation (PennDOT) announced it will extend funding for the Intermodal Cargo Growth Incentive Program until July 2024.

Slated to end in June, the program's $1 million fund aims to increase containerized cargo activity by incentivizing shippers to move cargo through the state's ports, PennDOT officials said in a press release.

The program was established in 2015 through PennDOT's Multimodal Fund and is used as a tool to compete with other ports in attracting new ocean carriers and trade lanes to Pennsylvania. Since 2015, program participants have sent nearly 3 million units of cargo through Pennsylvania ports, resulting in $6 million in incentive funds awarded to nine ocean carriers.

New carriers enrolled in the program receive $25 per new container unit loaded or discharged from vessels to a Pennsylvania port. Existing participants qualify for the incentive payment by exceeding established benchmarks.

Application information is available here.