Subscribe to our free, weekly email newsletter!


Damage to transport infrastructure from Hurricane Sandy being examined

Category 1 Hurricane Sandy has now become the largest tropical system recorded in the Atlantic measuring around 900 miles across – covering an area close to one and a half times the size of Texas
By Patrick Burnson, Executive Editor
October 30, 2012

In its preliminary evaluation of the economic impact of Hurricane Sandy IHS Global Insight said potential infrastructure damages currently stand around $10 billion of insured damages and about twice as much, or $20 billion, in terms of total damages.

“This would put Sandy on par with Irene in terms of total infrastructure damage estimated around $15 billion,” said economist, Gregory Daco.  “However, with Sandy being a much larger storm, it is likely to end up causing more flooding damage than its 2011 peer which would increase total damage estimates.”

Category 1 Hurricane Sandy has now become the largest tropical system recorded in the Atlantic measuring around 900 miles across – covering an area close to one and a half times the size of Texas. According to the National Weather Service, Hurricane Sandy was reinforced by two cold fronts from the north and west transforming it into a post-tropical superstorm (i.e. nor’easter) with heavy rains, snow and gusting winds as it moved up the Eastern coast.

The region affected by Hurricane Sandy will be similar to the one affected by Hurricane Irene in 2011 – a region stretching across 15 states on the East Coast with a gross regional product of around $3 trillion. Assuming the total economic losses are around $30 billion to $50 billion that would represent losses equivalent to 1.0% to 1.7% of gross regional product (GRP) for the states affected.

This would be larger than the damages from Hurricane Irene which represented about 0.5% of GRP for the 13 most states affected, but it would be much less than Hurricane Katrina, which caused around $120 billion in damages, amounting to 9.6% of gross regional product for the states most impacted – Alabama, Florida, Louisiana, and Mississippi.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The 'Internet of Things' or IoT is a term that has rapidly taken center stage in business and consumer technology circles, with tremendous amounts of hype in both. Don't be distracted if some of the hypothetical consumer examples of the IoT seem far-fetched; the trend has serious implications for businesses. This complimentary whitepaper takes a look at some of the opportunities afforded by the Internet of Business Things.

Of special interest to readers of Logistics Management will be “Americas Update,” which will look into the future of the market in the Americas and assess how firms will be able to favorably position themselves to compete and win market share.

After 20 years, two congressional mandates and countless lawsuits and lobbying efforts, safety advocates and the Teamsters union still say there are too many inexperienced rookie truck drivers hitting the road without sufficient behind-the-wheel training.

Congested U.S. port terminals, harbor and over-the-road truck and driver shortages, slower trains and longer rail terminal dwell times due to increased domestic rates have not only disrupted service but also driven intermodal rates and cargo handling costs up sharply.

Southern California shippers are getting a break on container dwell expenses for the next ten days as the Port of Long Beach announced that it had added an extra three days to the time that overseas import containers can remain on the docks without charge.

Article Topics

News · Global · Logistics · Infrastructure · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA