The U.S. Department of Transportation and California have formed a strategic partnership to help facilitate new freight projects and financing opportunities for multibillion-dollar infrastructure improvements in the state that enable goods movement nationwide.
The agreement focuses on addressing long-term structural issues that have contributed to the supply chain bottlenecks being felt around the nation this year amid record import demand and operational breakdowns at every stage within the logistics system. And it follows California Gov. Gavin Newsom’s executive order last week activating state resources to help provide immediate relief for port congestion and shortfalls in truck capacity.
