|Source: Hofstra University, Jean-Paul Rodrigue, The Geography of Transport Systems|
Boston Consulting Group released a report this week, Wide Open: How the Panama Canal Is Redrawing the Logistics Map, which projects that ten percent of imports now shipped to west coast ports will shift to the east coast following opening of the Panama Canal.
Getting goods to the east coast via the Panama Canal is slower than shipping to the west coast and then eastward by rail or truck, but less expensive.
According to the report, “Rerouting that volume is equivalent to building a port roughly double the size of the ports in Savannah and Charleston.”
For more information:
How the Panama Canal Expansion Is Redrawing the Logistics Map, Boston Consulting Group Press (Report sections are in the “Browse this Article” menu on the left)
Study: Time to prepare for Panama Canal expansion boom is now, Charleston Post and Courier