The NWSA has launched a Rail Cargo Incentive Program in order to increase cargo volumes and lower expenses
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
The $50 per rail lift incentive for eligible rail volumes going through the gateway will not only enhance cargo volumes, but will also make it more cost-effective for shippers to use the NWSA gateway and its rail partners.