“One of the projects involves the installation of a unique, first-of-its-kind, hands-free mooring technology system in the locks,” observes Middlebrook. Several projects involve the implementation of new innovations and improved technologies for the operation of Seaway infrastructure, resulting in reduced maintenance needs and operating costs to seaway users. Through the first 10 years of this program, the SLSDC has obligated $152 million on 50 separate projects. locks under the ground-breaking Seaway Asset Renewal Program. This year also marks the completion of a decade of infrastructure rehabilitation and maintenance work at the U.S. “State and local economies in Minnesota, Wisconsin, Illinois, Michigan, Indiana, Ohio, Pennsylvania and New York are benefitting from the surge in shipping in the seaway.” “With a GDP of $6 trillion, the Great Lakes region would be the third largest economy in the world if it were a country,” says Craig Middlebrook, deputy administrator of the Saint Lawrence Seaway Development Corporation (SLSDC). Long regarded as North America’s “Fourth Sea Coast,” the Great Lakes Seaway System represents an economic powerhouse unto itself. Lawrence Seaway, the waterway connecting ports on the East Coast to the Great Lakes and America’s heartland. This year marks the 60th anniversary of the opening of the St. Significant milestone reached by America’s inland ports “These necessary federal channel, terminal, road, rail, bridge and tunnel improvements are crucial to enable our seaports to efficiently handle their expected cargo volumes and continue to provide positive effects on the local economies.” “We have identified a combined $66 billion in needed investments over the next decade,” he says. Kurt Nagle, president and CEO of the AAPA, maintains that the need for this is significant and urgent. However, is this growth sustainable without more federal government investment? Port association leaders think not. “The sizable growth over the past five years in the number of jobs that American deep-draft ports support, the wages those jobs pay, and the tax revenues that are collected from the cargo activities at these ports is really quite impressive,” he says. John Martin, president and founder of the Lancaster, Pa.-based firm, presented the report at last month’s AAPA 2019 Spring Conference in Washington, D.C. Furthermore, the average annual salary of those directly employed by port-related businesses jumped from $53,723 to $62,800-a 17% increase. Martin Associates, a consultancy working with the American Association of Port Authorities (AAPA), notes in the report that, over the past five years, Federal, state and local tax revenues generated by port-sector and importer/exporter revenues rose nearly 18% from $321.1 billion to $378.1 billion, while personal wages and local consumption related to the port-sector increased from $1.1 trillion to $1.4 trillion. Coastal Port System,” underlying trends suggest that logistics managers will continue to rely on a diverse mix of ocean cargo gateways in the future. coastal port sector created 2.2 million jobs last year as marine cargo activity generated about $5.4 trillion of total economic activity.Īccording to the recently released report “2018 National Economic Impact of the U.S. International trade tensions, notwithstanding, the U.S.
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