Economic development creates opportunities to grow state, local and metro areas, which are essential for economic growth, improved quality of life and community development. Panama Canal articles below.
The largest enhancement project since the canal opened in 1914 will provide the world's shippers, retailers, manufacturers and consumers with greater shipping options, better maritime service, enhanced logistics and supply-chain reliability.
When the project was announced nearly 10 years ago, the new-and-improved 77-kilometer waterway through the narrow Isthmus that connects North and South America was expected to reopen for business in time for the 100th anniversary of the Canal in 2014. But the daunting engineering challenge of building a third set of new locks—and a toxic combination of legal and labor issues—rendered that deadline unrealistic almost from the get-go.
So far, 2014 has been a banner year for freight haulers, but this success has a down side: a capacity crisis may be looming.
Global investors will look to second-tier foreign markets for new investment opportunities.
New Orleans, Newport News (VA), Baltimore and Philadelphia are standouts in our Logistics Leaders (Ports) category.
At least $13 billion in public investment is earmarked for port development in the next decade. With the expansion of the Panama Canal and steady growth of U.S. exports, developers and investment interests are bullish on U.S. ports. From the January/February 2013 issue
Seaports proving to be safe harbors for U.S. industrial real estate sector, despite a turbulent global economy; big box space close to seaports is disappearing fast.