Comprehensive freight investment bill introduced by team of senators

Image
-
0Comments

U.S. Sens. Maria Cantwell (D-WA), Patty Murray (D-WA), Cory Booker (D-NJ) and Edward Markey (D-WA) recently introduced a bill that could establish the first multimodal freight investment policy in the U.S.

“In Washington, port jobs are at risk unless we improve our freight infrastructure and reduce bottlenecks,” Cantwell said. “International trade opportunities are growing and our competitors are investing — the Panama Canal is expanding and ports like Prince Rupert in Canada are presenting new challenges. We need a national focus on freight mobility to offer our goods and services more competitively to customers around the world. This legislation will help. It builds off recommendations from the National Freight Advisory Committee. Freight bottlenecks and other forms of congestion cost us about $200 billion per year — and that is a cost we cannot afford.”

The policy, called the
National Multimodal Freight Policy and Investment Act (S.1680), would
help farmers, businesses and shippers in the U.S. stay competitive in
the global economy.

“New Jersey is home to a diverse transportation network of highways, rail, and ports,” Booker said. “In order to remain globally competitive, it is vital that we adopt policies that invest in all modes of transportation as these systems work together to deliver the goods Americans depend on. The freight industry provides millions of jobs in New Jersey and across the country. I am pleased to join my colleague Sen. Cantwell to promote legislation that will make freight rail systems more efficient and provide new resources to support our nation’s freight networks.”

If passed, the act
could decrease congestion and bottlenecks with investments in the
railroads, highways, intermodal facilities and ports.

“I am proud to support a bill that will make critical investments in freight mobility and ensure goods are moved across the nation safely and efficiently,” Murray said. “This is particularly important in Washington state, where exports are so important to the economy. By working to improve freight mobility on roads, rails and at ports, we are helping businesses grow and making communities safer.”



Related

COLORADO DEPARTMENT OF TRANSPORTATION: State Patrol vehicle turned PSA for National Child Passenger Safety Week

COLORADO DEPARTMENT OF TRANSPORTATION: State Patrol vehicle turned PSA for National Child Passenger Safety Week

Before putting their hands in the stingray pool at the Downtown Aquarium, Denver families were encouraged to put their painted handprints on a Colorado State Patrol vehicle in the name of car seat safety.

Shutterstock

DELAWARE RIVER AND BAY AUTHORITY: S&P Global Ratings, Moody’s Reaffirm DRBA Bond Ratings; DRBA to Issue $180 Million Series 2019 Revenue Bonds

Today, Delaware River and Bay Authority (DRBA) officials announced that independent credit agencies, S&P Global Ratings (S&P) and Moody’s Investors Service (Moody’s), affirmed the bi-state agency’s bond ratings of ‘A’ and ‘A1’ respectively on both the DRBA’s long-term underlying rating (SPUR) on revenue bonds outstanding and the proposed $180 million Series 2019 Revenue Bonds.

DALLAS/FORT WORTH INTERNATIONAL AIRPORT: Founders’ Plaza will close for enhancements

DALLAS/FORT WORTH INTERNATIONAL AIRPORT: Founders’ Plaza will close for enhancements

Founders’ Plaza at DFW International Airport will close for a short period on September 16th through September 30th for enhancements, to better serve our community.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from TI News Daily.