Expansion of Panama Canal has Eastern Ports Investing

February 18, 2010

The expansion of the Panama Canal has US ports on the gulf of Mexico investing to increase capacity even in these tough economic times. The ports of Mobile, Gulfport, Tampa Bay and New Orleans are all looking to take business away from the US West Coast’s largest ports, Los Angeles and Long Beach. These ports are anticipating the arrival of Panamax ships, which previously could not traverse the canal. Cargo which previously was unloaded at West Coast ports and sent eastward by rail can now arrive closer to its destination, in some instances creating cost savings for shippers.

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