The anticipated widening of the Panama Canal, which should happen in the year 2014, could mean great things for business through the ports of South Florida. The widening could mean that South Florida will be a gateway for Asian cargo moving to the Southeast.
The year 2010 was a record-setting year for international and domestic volumes of intermodal shipments. The overall comparisons from 2009 to 2010 showed an increase of 14.7%, with international volumes showing the highest increase of 18.5%.
Secretary of Transportation Ray LaHood and Vice President Joe Biden announced a plan to continue construction of a national high-speed and intercity passenger rail network. This plan calls for a $53 billion investment over six years.
American Trucking Associations’ President Bill Graves is appreciative of President Obama’s commitment to rebuilding the infrastructure of the US, but is calling on Obama and his administration to live up to their commitment by proposing a strong surface transportation program focusing on highways.
The Federal Maritime Commission’s inquiry into the effects of slow steaming officially began on Monday with the commission seeking comments and discussion from industry groups and companies on all of the effects.
The Department of Energy is projecting that diesel fuel will average $3.43 per gallon in 2011, up from the $2.99 average in 2010.
– Ben Dundas, Web Analyst