Freight: Keep It Moving
The American Association of Port Authorites have clearly spelled out the challenges to America's current freight transportation infrastructure and most notably its critical sea ports.
On December 4, 2015, President Obama signed a five-year, $305 billion transportation reauthorization bill that Congress overwhelmingly passed, which includes nearly $11 billion in new freight funding grants and programs and other top priorities among America’s seaports. The Fixing America's Surface Transportation (FAST) Act (H.R. 22) is the first long-term transportation bill in 10 years, and the first ever to make freight a priority and significantly focus on port eligibility throughout the U.S. Department of Transportation’s (USDOT) funding and planning programs. Seaports are vital to the U.S. economy.The total value of economic activity related to America’s seaports last year was $4.6 trillion, or about one-third of the entire U.S. economy, and is projected to reach 60% by 2030.
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