Transport Topics (Oct. 29, 2021)
In an attempt to clear a backlog of containerships, the Biden Administration has launched a new initiative. The Emerging Projects Agreement marks the first time the federal government has teamed with a state to develop and fund a range of supply chain projects at once, rather than taking a piecemeal approach to specific initiatives, according to Port Envoy John Porcari. The accord will make available two federal loan programs to projects including upgrading highways and ports, developing inland warehouse facilities and expanding freight-rail capacity. The Biden administration and California officials are under pressure to relieve a logjam in the nation\u2019s supply arteries, but especially at the ports of Los Angeles and Long Beach, where more than 70 container vessels are anchored off the coast.\nLearn more about your ad choices. Visit podcastchoices.com/adchoices