Transportation Dept. to Make $450 Million Available to U.S. Ports, Expand Capacity, Improve Flow of Goods

President Joe Biden’s administration said Wednesday that it’s making hundreds of millions of dollars in federal funding available to overcrowded U.S. ports, in a bid to unclog supply chains and lower prices amid record inflation.
The Transportation Department said that it will make $450 million available to ports, to expand capacity and improve the flow of goods. The money will come from the $1 trillion-plus bipartisan infrastructure law that was passed last year.
Various U.S. ports have seen major congestion since the start of the COVID-19 pandemic and the bottlenecks have helped push up the cost of some imported goods.