“I commend both port authorities for working so hard to reduce the bottlenecks that threaten our economies,” said Mineta at a Friday luncheon speech in San Pedro, Calif., hosted by the International Association of Ports and Harbors. “In particular, the implementation of PierPass, an innovative approach to reducing congestion through pricing, has had a beneficial impact on the port and surrounding communities.”
While PierPass has proved successful to this point, in terms of the amount of cargo being moved during night shifts, neighborhoods that border key highways out of the ports are unhappy that truck traffic is increasing at night.
More than 30 percent of containers eligible to be moved at night are doing so under the plan, which charges an $80 fee per 40-foot container on boxes moved during daytime weekday hours.
Mineta also said that federal transportation funds are now eligible to be appropriated directly to maritime projects.
“On the financing front, (the federal transportation bill) expands project eligibility for a loan program called TIFIA, or Transportation Infrastructure Finance and Innovation Act,” Mineta said. “Large intermodal investments, including those made by the private sector, are now eligible for federal credit on favorable borrowing terms. These changes are critical, because public-private partnerships can be an important solution to port congestion. In addition, transportation improvements made inside seaports are now eligible for credit assistance.”
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