The Port of Long Beach is instituting an incentive program which seeks to attract more containerized cargo. This announcement comes a year after the Port of Los Angeles launched a similar program. The one-year program will go into effect on Oct. 1. Container carriers will be given a payment of $10 per TEU for additional cargo that moves through the port over and above the cargo they handled the prior year and over and above the general growth in the trans-Pacific trade. The program applies to both loaded import and export containers, but payouts are capped at $2 million per carrier.
