Filed in July 2013
Monday, July 01, 2013
Continued pressure to function globally
Once completed in late 2014 or early 2015, the expansion project will accommodate vessels more than twice the size of current Panamax ships. However, the projected overall impact on shippers, carriers, ports, and service providers appears to be up in the air.
Looking for a great way to kick off your summer reading? Well, look no further than page 28. Once again, we’ve devoted a sizable portion of our July issue to putting the Annual State of Logistics Report into context for shippers.
In last month’s column I focused on the volatility of domestic intermodal rail. I cautioned that shippers should expect pressure in major routes associated with import and export because ocean rates are in turmoil as world markets adjust to new capacity and an uneven economic recovery.
Some large companies believe that their commitments to risk management stifle innovation.
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This year marks the centennial anniversary of the opening of the Panama Canal. And as I write, laborers are expanding the canal so that it can accommodate vessels that are 25 percent longer, 53 percent wider, and whose draft is 23 percent deeper.