Moving Grain: Funding Opportunity for Port Infrastructure

    Mississippi River Port - Rosedale, Mississippi ©Debra L Ferguson

    DOT Announces Funding Opportunity for Port Infrastructure

    The U.S. Department of Transportation’s (DOT) Maritime Administration announced a notice of funding opportunity for port and intermodal infrastructure-related projects through the Port Infrastructure Development Program.

    A total of $230 million in grant funding is available, with $205 million reserved for grants to coastal seaports and Great Lakes ports. The minimum award size is $1 million. Generally, the Federal cost-share does not exceed 80 percent, though it may be higher for certain categories of projects.

    Grants are awarded on a competitive basis for projects that strengthen and modernize port infrastructure and support the Nation’s long-term economic vitality. DOT will host a series of webinars to provide technical assistance during the grant application process.

    The deadline to submit an application is July 30, 2021.

    FHWA Awards 18.7 Million in STSFA Grants

    The U.S. Department of Transportation’s (DOT) Federal Highway Administration (FHWA) has awarded $18.7 million in Surface Transportation System Funding Alternatives (STSFA) grants to eight projects to explore new user-based funding methods for highways and bridges.

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    The program helps States explore innovative new ways to finance the Highway Trust Fund in the long term. Led by six State DOTs and two transportation coalitions, the STSFA pilot projects allow States to learn about alternative new user fees structures.

    The new structures can complement traditional funding sources to build and improve the Nation’s highway and bridge infrastructure.

    ATRI Invites Motor Carriers To Participate in Insurance Cost Data Collection

    The American Transportation Research Institute (ATRI) is asking motor carriers to participate in a survey about the rising costs of trucking insurance and its impact on overall operational costs by Friday, April 23, 2021.

    Via the online data collection form, participants can convey changes in their deductibles, what insurance they purchase beyond minimum requirements, and ways drivers and fleets weigh insurance costs against rising risk levels.

    The research will complement ATRI’s annual Operational Costs of Trucking survey, providing more detailed information on one of the industry’s most unpredictable cost categories.

    Snapshots by Sector

    Export Sales

    For the week ending March 25, unshipped balances of wheat, corn, and soybeans totaled 43.3 mmt. This was 3 percent lower than last week, but still represented a significant increase in outstanding sales from the same time last year.

    Net corn export sales were 0.797 mmt, down 82 percent from the past week. Net soybean export sales were 0.106 mmt, down 4 percent from the previous week. Net wheat export sales were 0.250 mmt, down 27 percent from the previous week.

    Rail

    U.S. Class I railroads originated 24,532 grain carloads during the week ending March 27. This was a 10-percent decrease from the previous week, 10 percent more than last year, and 8 percent more than the 3-year average.

    Average April shuttle secondary railcar bids/offers (per car) were $204 above tariff for the week ending April 1. This was $186 more than last week and $248 more than this week last year. There were no non-shuttle bids/offers this week.

    Barge

    For the week ending April 3, barge grain movements totaled 776,008 tons. This was 9 percent lower than the previous week and 51 percent higher than the same period last year.

    For the week ending April 3, 497 grain barges moved down river—29 barges fewer than the previous week. There were 699 grain barges unloaded in New Orleans, 12 percent more than the previous week.

    Ocean

    For the week ending April 1, 38 oceangoing grain vessels were loaded in the Gulf—41 percent more than the same period last year. Within the next 10 days (starting April 2, 2021), 45 vessels were expected to be loaded—5 percent more than the same period last year.

    As of April 1, the rate for shipping a metric ton of grain from the U.S. Gulf to Japan was $61.50. This was unchanged from the previous week. The rate from the Pacific Northwest to Japan was $36.00 per metric ton, unchanged from the previous week.

    Fuel

    For the week ending April 5, the U.S. average diesel fuel price decreased 1.7 cents from the previous week to $3.144 per gallon, 59.6 cents above the same week last year.

    Full report.




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