Thursday, August 23, 2012
U.S. Transportation Secretary Ray LaHood Announces Creation of Freight Policy Council
U.S. Transportation Secretary Ray LaHood Announces Creation of Freight Policy Council
For those who don't think all forms of transportation are subsidized:WASHINGTON - U.S. Transportation Secretary Ray LaHood today announced the launch of the Freight Policy Council which will focus on improving the condition and performance of the national freight network to better ensure the ability of the United States to compete in today’s global economy. The council will develop a national, intermodal plan for improving the efficiency of freight movement and will work with states to encourage development of a forward looking state freight strategy. Senator Maria Cantwell (D-WA) joined Secretary LaHood for the announcement at the PCC Logistics Duwamish Facility in Seattle, WA.
“Our freight system is the lifeblood of the American economy, moving goods quickly and efficiently to benefit both businesses and consumers across the country,” said Secretary LaHood. “With the launch of the Freight Policy Council, we have an opportunity to make not only our freight system, but all modes of transportation, stronger and better connected.”
The Department of Transportation continues to invest in freight through our grant and loan programs. Over $953 million in Transportation Investment Generating Economic Recover (TIGER) funds have gone to 50 projects that improve freight. More than a third of TIGER funding— $354 million—went to 25 port projects from coast to coast. Freight projects are also eligible for the Railroad Rehabilitation & Improvement Financing (RRIF) program which provides up to $35 billion in loans and loan guarantees. Under MAP-21, freight projects can also qualify for $1.75 billion in Transportation Infrastructure Finance and Innovation Act (TIFIA) funding for the next two years.