Good day,
The House Appropriations Committee released its Fiscal Year 2019 Transportation, Housing, and Urban Development Funding bill that has set aside $250 million for port projects across the country. The American Association of Port Authorities though, has firmly responded back with a report saying it would need a lot more to handle the multimodal freight spike, asking for $20 billion for rail and multimodal projects over the next decade.
Inland ports and multimodal hubs are mushrooming across the U.S., and the report states that 77% of the ports are planning to improve rail access over the next 10 years to meet the burgeoning demand, while 67% of them consider inadequate funding to be the primary barrier in completing the projects on time.