The Northwest Seaport Alliance (NWSA) has announced the launch of its Rail Cargo Incentive Program to promote growth and cost-effective operations in the Pacific Northwest region. The programme will provide a $50 incentive per rail lift for qualified rail volumes passing through the gateway, and it is estimated to create 60,000 more rail lifts, or 15% of NWSA international intermodal lifts, in 2022. Beginning May 1, the programme will be available for most intermodal inland ramp locations served and/or operated by the BNSF and Union Pacific Railroads. The initial investment in incentive cash will be $3 million, with the opportunity to prolong the programme until April 2024. The NWSA reported a 24.3% decline in overall container volumes in February, owing to a dip in complete imports caused by sluggish demand and uncertainty surrounding the PMA and the ILWU contract negotiations.
Source of information – Port technology