US ports sustain momentum through fall
NewsContainer volumes are on the rise at South Carolina Ports, the Northwest Seaport Alliance (NWSA), and New York/New Jersey ports.
When implementing the incentive program, the NWSA will closely monitor the program’s performance and review its potential continuation in 2025.
The Northwest Seaport Alliance (NWSA) has announced the launch of a cargo and service incentive program aimed at bolstering international container rail cargo volumes and improving service delivery in the Seattle and Tacoma harbours.
With a commitment of US$11 million in incentives, the program aims to increase intermodal cargo volumes, promote vessel schedule reliability, and expand marine terminal operations.
Approved by the Managing Members on April 2nd, the incentives have been strategically designed in response to market demand and allocated to support specific points in the supply chain.
Beginning May 1, the incentives will include the Voyage Consistency & On-Time Arrival Award Program, the International Container Rail Cargo Incentive, and a Gate Operations Incentive.
This program builds upon the 2023 Rail Incentive Program, which generated over 54,000 lifts and represented 15% of international intermodal rail volume in 2023. When implementing the incentive program, the NWSA will closely monitor the program’s performance and review its potential continuation in 2025.
To promote consistency and on-time performance, which have downstream benefits to cargo fluidity and capacity, the NWSA will reward ocean carriers for maintaining reliable voyage schedules.
With a total reward pool of US$1 million, the top three ocean carriers achieving the consistency standards of the program will be publicly recognised and may qualify for cash rewards ranging from US$200,000 to US$500,000.
With an allocation of US$8 million, this incentive aims to stimulate intermodal rail cargo travelling to/from inland U.S. markets. The NWSA will provide US$100 per lift for incremental year-over-year rail volumes in the gateway.
Intermodal cargo utilising both BNSF and Union Pacific railroads is eligible, including cargo moving via inland rail hubs connected to the NWSA gateway.
Acknowledging the critical role of gate operations in ensuring smooth cargo flow, enhanced trucker experience, and reduced impact to near-port communities, the NWSA will allocate US$2 million to streamline terminal operations with five-day per week gates and extended gate hours.
Marine terminals adhering to consistent gate hours and offering extended gate services will be eligible for funding.
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