Insights - January 2014 - (Page 15)

Panama Canal Study Released The U.S. Maritime Administration has released a study report on shipping patterns and industry costs that, according to the U.S. Department of Transportation agency, will help the United States prepare for anticipated impact of Panama Canal expansion on ports, waterways and intermodal freight systems. "This study can serve as a compass to guide our port investments in the post-Panamax world so our nation's ports can accommodate larger vessels and help maintain our global competiveness," U.S. Transportation Secretary Anthony Foxx said Nov. 25 in releasing the 202-page report. The study found that integration of post-Panamax vessels into U.S. trade lanes will have substantial implications for the nation's shippers, ports and surface freight corridors, particularly along the East Coast, Gulf Coast and inland states located east of the Mississippi River. The report also states that more cost-effective service generated by the larger vessels could improve the ability of some U.S. exports, like grain, coal, petroleum products and liquefied natural gas, to compete in global markets. The report further opines that shifts in shipping patterns impacting the national transportation system will occur over time. Visit http://bit.ly/MARADPanCan to view the report. anticompetitive practices." Regulators in the European Union and China have already voiced concerns about the P3 Network, plans for which were announced by the lines in June, with intent to start operations in the second quarter of 2014, pending regulatory approvals. And, on Dec. 5, the FMC voted to ask the P3 carriers for more information. ILA Seeks Halt to P3 Network Victor Mendez, who since July 2009 served as administrator of the Federal Highway Administration, has assumed the position of acting deputy secretary of the U.S. Department of Transportation. His naming, effective Jan. 1, fills the vacancy left by the resignation of John Porcari, announced Dec. 11. Following his Dec. 31 departure, Porcari appeared to be headed to Parsons Brinckerhoff as senior vice president and national director of strategic consulting. The International Longshoremen's Association is urging the Federal Maritime Commission to block what bodes to be the largest alliance of global steamship lines. ILA President Harold Daggett, in a Nov. 27 letter to the FMC, contended the effort by Maersk Line, CMA CGM and Mediterranean Shipping Co. to launch the P3 Network is an attempt to "dictate the marketplace" and "would present an unprecedented risk of Mendez Assumes No. 2 DOT Spot January 2014 | Intermodal Insights 15 http://www.bit.ly/MARADPanCan http://www.triniumtech.com http://www.triniumtech.com

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Insights - January 2014