February 2012 - The Ohio River Valley From New York Will Likely be the First Effect of the Panama Canal
Created on Friday, 26 October 2012 16:53
Truckinginfo.com reported this month that increased intermodal traffic from the New York/Baltimore area ports
to the Ohio River Valley region
will likely be the first effect when the Panama Canal opens its new, larger locks in late 2014.
As not all east coast ports are yet able to handle the larger vessels, the ports in Norfolk, New York and Baltimore will be the first, and are all within striking distance of the OhioValley
. CSX and Norfolk Southern rail have been investing heavily in their intermodal routes between these ports and the Midwest, so at least, at first, the coastal share shift that will occur will likely involve freight destined for the Ohio Valley
, reports truckinginfo.com. To read the entire article, go to www.truckinginfo.com/news.
Hyperlogistics Group, strategically located on the Heartland Corridor (Norfolk Southern) and is a direct shot from the Norfolk port, is hopeful that increased intermodal traffic from the east coast, will not only benefit the state , but the entire U.S. economy.
Which U.S. coast or inland port will benefit more, or loose more? It will probably take a few years before a true analysis is possible. On the other hand, one preliminary vision is an absolute; and that is all the cost, time and effort of the canal expansion will benefit importers, exporters and manufacturers.
Strategically planned, overseas manufacturers should feel a relief in their cost to ship goods to their final destination in the United States. Now is the time for shipping departments all over the world to look at their current routes, distribution center locations and current costs. By re-evaluating their logistics with new routes and DCs, they should learn their bottom line could reflect something worth celebrating.