Innovation: Global Trade and Inland Waterways: A New Paradigm
Innovation: Global Trade and Inland Waterways: A New Paradigm in International and Domestic Freight Movement
Session Description
We will be presenting a new vertically integrated transportation alternative that will add value to the supply chain. The expansion of the Panama Canal opened the door to an all-water route into the Midwest. The widened canal can accommodate larger vessels (from 5,000 twenty foot equivalent units (TEU) to (18,000 TEU) whereas, previously, 60 percent of ocean going vessels could not fit through the canal. With the additional travel time to the Gulf Coast offset by congestion-related delays and longer dwell times at the West Coast ports, shippers now have a viable and efficient alternate route. That provides economies of scale which permits deeper market penetration into the United States from the Gulf Coast, eroding cost advantages previously associated with the East and West Coast.
Takeaways
- Growth and expansion is on the horizon
- Shipper/Freights forwarders/Beneficial Cargo owners need an alternative to the already congested ports, rail, and trucking options
- All water route provides scales of economies, and a reliable new alternative
Featured Speakers
- Sandy Sanders, Executive Director, Plaquemines Port Harbor
- Sal Litricio, CEO, American Patriot Holdings
Session Notes
Session Description
We will be presenting a new vertically integrated transportation alternative that will add value to the supply chain. The expansion of the Panama Canal opened the door to an all-water route into the Midwest. The widened canal can accommodate larger vessels (from 5,000 twenty foot equivalent units (TEU) to (18,000 TEU) whereas, previously, 60 percent of ocean going vessels could not fit through the canal. With the additional travel time to the Gulf Coast offset by congestion-related delays and longer dwell times at the West Coast ports, shippers now have a viable and efficient alternate route. That provides economies of scale which permits deeper market penetration into the United States from the Gulf Coast, eroding cost advantages previously associated with the East and West Coast.
Takeaways
- Growth and expansion is on the horizon
- Shipper/Freights forwarders/Beneficial Cargo owners need an alternative to the already congested ports, rail, and trucking options
- All water route provides scales of economies, and a reliable new alternative
Featured Speakers
- Sandy Sanders, Executive Director, Plaquemines Port Harbor
- Sal Litricio, CEO, American Patriot Holdings