rss icon Subscribe
desktop mobile

AAPA releases State of Freight III report

AAPA President and CEO Kurt Nagle

Posted by Joseph Keefe

Trade Association Releases Freight Report on Multimodal Funding Needs of U.S. Seaports.
In a just-released report, U.S. port authorities identified more than $20 billion in projected multimodal port and rail access needs over the next decade, while one-third cited pressing rail project needs costing at least $50 million for each of their ports. Sixty-seven percent said that funding and financing options are the biggest obstacles in getting essential rail projects started to access their facilities. Furthermore, 37 percent said that problematic at-grade rail crossings or height-restricted overpasses and tunnels near their ports are constraining cargo-handling capacity while 36 percent reported that land acquisition is a big problem in developing and planning port rail access projects.
These are the top-line results from an American Association of Port Authorities (AAPA) survey announced today, titled The State of Freight III. This is the third report in as many years conducted by the unified and collective voice of America's seaports that focuses on the needs of ports to effectively move goods into and out of their facilities by land and water.
AAPA President and CEO Kurt Nagle remarked: "In State of Freight III, we take a deep-dive into the freight transportation needs of our U.S. member port authorities, with an emphasis on rail access. The findings show that while the FAST (Fixing America's Surface Transportation) Act has been essential in providing the building blocks for a national freight program, more must be done to ensure that multimodal goods movement projects have adequate resources to produce efficient and timely results. These transportation projects are crucial to address our nation's increasing freight volumes and enhance America's international competitiveness."
As a key component of America's supply chain and a major facilitator for trade, seaports rely on a host of transportation modes and nodes, including roads, rails, waterways, tunnels and overpasses, to move large volumes of cargo, which may be headed to, or originating from, manufacturing, distribution, assembly and processing centers that support economic growth and millions of U.S. jobs."
"Our nation's ports have identified a vast array of projects which are ready for investment and could move forward if the issues in this report could be addressed," said Mr. Nagle. "It's important that steps be taken to resolve the barriers identified in this report that are preventing these projects from progressing."

May 16, 2018

 

Container Ships

Nolan Tapped to Take Over as TOTE CEO

Tim Nolan (Photo: TOTE)

Tim Nolan has been named the next president and CEO of U.S. domestic ocean carrier TOTE Inc.

One Million Ship Containers Missing after P&R Insolvency

© Claude Beaubien / Adobe Stock

Managers of insolvent P&R Group are being investigated after it was discovered the investment firm

Maersk: Disappointing Q1 Earnings Hit Share Price

(Photo: A.P. Moller-Maersk)

A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political

Contracts

DeepOcean Wins Equinor Susbsea Deal

Photo: DeepOcean Group Holding BV

Subsea services provider DeepOcean has been awarded a long-term contract involving subsea life of

Awilco Drilling Signs Contract With Shell

Photo: Awilco Drilling

Aberdeen-based Awilco Drilling said today that it had tied up a contract with Shell UK for the

Colombo Dockyard to Build Two Vessels for Iraq

D.V. Abeysinghe, Managing Director/ CEO of Colombo Dockyard PLC and Hiroki Namikawa, General Manager Energy Infrastructure Project Department of Toyota Tsusho Corporation exchanging the Contracts witnessed by Dr Toru Takehara Chairman of Colombo Dockyard PLC. Photo: Colombo Dockyard PLC

The leader of Shipbuilding Industry in Sri Lanka Colombo Dockyard PLC (CDPLC) has successfully

Maritime Apps