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eNews • January 6, 2015
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Promoting a Cost-Effective, Reliable and Competitive Transportation System

Did You Know?

What is the cost of the Panama Canal expansion project and who is financing it?

The total cost of the expansion project is $5.25 billion. $2.3 billion of the total cost is being financed by the below credit institutions:

  • Japan Bank for International Cooperation: $800 million
  • European Investment Bank: $500 million
  • Inter-American Development Bank: $400 million
  • International Finance Cooperation: $300 million
  • Corporacion Andina de Fomento: $300 million

The remaining cost of the project will be financed via toll revenue from utilizing the current and expanded canal.

Source: Panama Canal Authority

Soy Transportation Coalition elects officers for 2015

Soy Transportation Coalition elects officers for 2015

The Soy Transportation Coalition (STC) elected its officers at the organization’s December 9th annual meeting in St. Louis.

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STC continues to monitor rail service for 2014 harvest

STC continues to monitor rail service for 2014 harvest

The Soy Transportation Coalition (STC) is working with the University of Minnesota on a research project, “2014 Harvest: Attaching a Garden Hose to a Fire Hydrant.” The results from the third survey period of December 5 - December 19 were released on December 22nd.

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West Coast dockworkers and employers ask for federal mediator

West Coast dockworkers and employers ask for federal mediator

The International Longshore and Warehouse Union and Pacific Maritime Association have requested the assistance of a federal mediator in their contract talks that have been going on since May.

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Panama Canal introduces plan for new tolls

Panama Canal introduces plan for new tolls

The Panama Canal Authority announced plans for a new toll structure that is scheduled to go into effect in April 2016, following a public comment period.

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Incoming Senate chairman: Gas tax increase on table

Incoming Senate chairman: Gas tax increase on table

The incoming chairman of the Senate Commerce, Science and Transportation Committee says raising the federal fuel taxes is among the options under consideration to replenish the dwindling Highway Trust Fund.

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The Soy Transportation Coalition is comprised of thirteen state soybean boards, the American Soybean Association, and the United Soybean Board. The National Grain and Feed Association and the National Oilseed Processors Association serve as ex-officio members of the organization.

Soy Transportation Coalition
1255 SW Prairie Trail Pkwy., Ankeny, Iowa 50023
Phone: (515) 727-0665 Fax (515) 251-8657
Email msteenhoek@soytransportation.org
Web www.soytransportation.org

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Funded by the Soybean Checkoff

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