USMX Animated PDFs

36 2 0 1 7 A N N U A L R E P O R T CONTAINER FREIGHT STATION TRUST FUND 2017 UPDATES: The ongoing goal of the CFS trust fund is allowing the work to stay within the port through subsidization of the CF station operators. Cur- rently, there are 23 active stations from Maine to Texas being managed by the CFS trust fund. Houston remains the largest port in the program and is home to nine stations: Ceres Gulf Houston (4), Cooper/Ports America (4), and a single new operation from APS Stevedoring, which opened in late 2017. The Port of Hampton Roads (VIT) has three active stations, as does SSA/Cooper in Charleston. Other USMX ports with active CFS operations in 2017 are New York, New Orleans (2), Miami (2), Mobile (2) and Bal- timore. The ILA worked over 500,000 hours and handled over 81,000 u- nits this year in the CFS, coming in at an expense of $11,049,214 to the CFS fund. By the end of the year, there was only a slight decrease of approximately one per- cent in total expense, units and manhours. It is also worth noting that the CFS Module in the Container Roy- alty Central Collection Fund (CRCCF) system is in full operation. More details will follow in the CRCCF update on page 39. CFS FUND SUBSIDY RATES The final rate adjustment in the current Master Contract (10-1-12 thru 9-30-18) took place on 10-1-17, dropping the CFS subsidy from $22 per hour to $21 per hour. The intent of lowering the subsidy rate is to allow for managed growth and expansion of the CFS program. Station operator reimbursement rates are determined by multiplying the subsidy rate by the activity hours. USMX-ILA TRUST FUNDS OVERVIEW

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