Port cities along the Eastern seaboard are eagerly anticipating the increased logistics business expected in 2014.
The Panama Canal expansion, schedule for completion in 2014, will be a game-changer for world trade (as stated in an earlier PIERS blog); especially for coastal areas, such as Florida, that can dredge their ports deep enough to hold the megaships and then efficiently transport their freight by land to other U.S. regions.
Ports along the west coast are feeling the threat of the expanded canal. It costs much less to move cargo by ship directly to the eastern seaboard ports that serve some 60% of the U.S. population. One edge the west coast ports have, besides their tremendous size, is that train transshipment across the country potentially saves one week of time.
Large “post-Panamax” freighters will pass through the canal and deliver freight direct to the eastern seaboard of the United States. This expansion presents an enormous opportunity for the state of Florida to emerge as a major import and export state as well a national distribution center.
The expansion will bring a new wave of cargo business to South Florida!
How will you prepare for the altered pattern of trade? Use PIERS data to identify which ship lines, ports, terminals and trade lanes are being used and so much more. Visit PIERS to find the solution that’s right for you.