Pennsylvania Governor Wolf extends intermodal cargo growth incentive program for ocean carriersChristian Fernsby ▼ | July 22, 2020
Governor Tom Wolf announced that Pennsylvania’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended through 2022.
Governor Tom Wolf
“Right now, Pennsylvania’s ports are more vital than ever,” Governor Wolf said. “Increasing shipping activity will help ensure that essential goods are delivered to stores in a timely manner, while strengthening the supply chain well into the future.”
Originally established in 2015 through PennDOT’s Multimodal Fund, the PICGIP makes up to $1 million available annually to participating ocean carriers that move cargo through Pennsylvania’s ports. The fund helps secure fulltime employment at the terminals and increase economic activity through indirect and induced jobs.
All carriers who have not been to the Port of Philadelphia in the past six months must fill out an application on PennDOT’s website, while existing participants are required to complete the data verification form to be eligible for the program.
New carriers enrolled in the program receive $25 per new container unit loaded or discharged from vessels to a Pennsylvania port. Existing participants qualify for the incentive payment by exceeding established benchmarks.
In the past five years, over 1.8 million units of cargo passed through Pennsylvania ports with 175,000 units exceeding benchmarks resulting in $4.1 million in incentive funds awarded to 10 grantees. ■