The Pennsylvania Department of Transportation has extended its Intermodal Cargo Growth Incentive Program through 2022.
The program seeks to encourage shippers to move cargo through Pennsylvania ports and had been slated to end last month.
The program was established in 2015 and provides up to $1 million annually to participating ocean carriers that move cargo through Pennsylvania ports.
New carriers enrolled in the program receive $25 per new container unit loaded or discharged from vessels at a Pennsylvania port. Existing participants qualify for the incentive payment by exceeding benchmarks.
Over the past five years, more than 1.8 million units of cargo has passed through Pennsylvania ports, resulting in $4.1 million in incentive funds awarded to 10 grantees.
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