Building on an initiative announced earlier this year to encourage shippers to use the the Port Authority of New York and New Jersey's ExpressRail system, the agency's Board of Commissioners has approved a new incentive program to encourage shippers to transport their cargo via new rail routes.
The program will provide an incentive of US$25 per container shipped by rail to any company booking a container on a railroad to or from a new ExpressRail origin or destination that was started since the beginning of the year.
Under the initial program, if an ocean carrier increases its rail cargo business in 2009 over 2008 levels, it would receive a $25 incentive for each additional container it ships by rail over that amount.
"This incentive program leverages our $600 million investment in on-dock rail, and will help further reduce congestion on our local roads and improve local air quality. At the same time, expanding the reach of ExpressRail will help ensure our port remains one of the region's leading source of jobs and economic activity and the East Coast's premier shipping destination," said Port Authority chairman Anthony Coscia. |
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Source: cargonewsasia
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