Biden announces $3 billion investment for US ports
by Reuters Oct 29, 2024
U.S. President Joe Biden on Tuesday announced a $3 billion investment from his Inflation Reduction Act to improve the country's port infrastructure.
The investment includes $147 million in awards for the Maryland Port Administration, which owns the Port of Baltimore, the White House said in a statement.
The funding will be used to create union jobs and upgrade port infrastructure to cleaner equipment, the statement added.
The announcement comes after the three day port strike on the U.S. East Coast and Gulf Coast earlier this month, where work stoppage briefly halted the flow of about half the country's ocean shipping.
Reuters
Similar Stories
CBP, partners seize more than $18 million in fake Gibson guitars in largest counterfeit musical instrument seizure on record
View ArticlePort Authority of New York and New Jersey airports see spookily spectacular surge in October
Port of New York and New Jersey surpasses 700,000 TEUs for eighth consecutive month
View Article
MYCRANE expands offering with launch of global lifting equipment Marketplace
View Article
PSA Singapore and Evergreen Marine establish joint venture for container terminal operations in Singapore
View Article
Italian steel handling specialist Transped boosts efficiency with upgrade to Konecranes Gottwald ESP.7 Mobile Harbor Crane
View Article
First circular pioneer establishes presence at the NextGen Demo site in the Antwerp port
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
