Happening Now: $450 million in new port grants announced

According to an article in FreightWaves, the U.S. Maritime Administration has announced nearly $450 million in FY22 competitive grant funding “for projects to help ports speed cargo flows and ultimately lower costs for consumers.”

This amount will be available through the Port Infrastructure Development Program (PIDP) and is nearly double the FY21 grant amount.

Read the full article and stay tuned to the Weber Logistics Blog for more logistics information and insights.