Ports play an important role in the overall movement of goods.  And investing into the ports is important in making sure they are in tip top shape to handle the movement of goods. If the infrastructure at a port is poor or inefficient, that can cause disruptions (ie: delays, congestion, etc.), which can hinder trade growth.

Additionally, having port infrastructure that’s more than capable to handle goods can play a part in overall port competitiveness. When industry stakeholders use a port(s) that is reliable and efficient, that in turn can make them feel more confident when shipping their goods to/from there.

With over 300 ports in the United States, keeping them updated and investing into them is important.

Ports Around the Nation Continue to Invest

The U.S. Department of Transportation Maritime Administration has multiple programs that provide expertise on port finance and port infrastructure and has helped major ports with their redevelopment plans.

Additionally, the Office of Ports & Waterways was created to assist with port, terminal, waterway, and transportation network development issues – per the U.S. DOT Maritime Administration website.

Ports around the United States are continuing to invest into port projects.

Port of Los Angeles

“In 2024, our sights are set on community investment, sustainability progress and capturing additional market share,” Gene Seroka, Port of Los Angeles Executive Director said.

Seroka also announced a 10-year $2 billion plan to upgrade the port, which includes projects to improve freight efficiency and continue decarbonization efforts.

Port of Houston

“As we begin 2024, our eye is on making continued strategic investments to facilitate larger vessels and more of our region’s cargo,” said Port Houston Executive Director Roger Guenther.

The port is investing $750 million in capital improvements throughout the next five years (from 2023 to 2027) at Bayport Container Terminal. These projects, such as construction of additional wharves and additional equipment orders of STS cranes, will help support demand.

Port of Virginia

The port recently announced they are 100 percent powered by clean energy and continues to take another step towards their goal of being carbon-neutral by 2040.

As the Norfolk Harbor’s dredging and widening is complete this year, it will offer the deepest and widest channels on the U.S. East Coast. It will also allow safe, two-way traffic for fully laden ultra-large container vessels (ULCVs).

Port of New Orleans

The port recently received federal funding of $226 million, which will go towards funding the construction of a new mega-container ship terminal.

Back in December the port received a $73 million grant from the U.S. DOT’s Mega grant program. The $300 million in federal funds will support the beginning stages of construction of the terminal, work is expected to start in 2025, per the JOC.

Looking Ahead

Should you have any questions regarding this and how it could impact your shipments, please reach out to our team today.

Additionally, we have our weekly market updates that can provide you with relevant freight news, updates, developments across the industry, and more.



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