The so-called National Gateway Initiative will allow trains to increase freight capacity and make the corridors a cost-effective option for major ports and shippers, DOT said. It also would help reduce greenhouse gas emissions and fuel usage, shorten transport times and expand access to rail services.
The $98 million grant is part of the Transportation Investment Generating Economic Recovery (TIGER) grant program included in the American Recovery and Reinvestment Act to promote innovative, multimodal and multijurisdictional transportation projects that provide significant economic and environmental benefits to an entire metropolitan area, region or the nation.
'This new initiative will give businesses a more competitive edge by giving them additional options for moving goods between the Midwest and our nation's ports along the east coast,' said Federal Highway Administrator Victor Mendez, in a statement.
On Feb. 17, DOT announced the selection of $1.5 billion worth of TIGER grants for 51 projects as part of the one-year anniversary of the Recovery Act.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now