Examining US trade patterns following Panama Canal expansion
“This is ‘make or break’ time for US port cities,” said K C. Conway, chief economist for Colliers International in the US. “Changing trade patterns and evolving e-commerce trends will present great economic opportunities for the cities that that invest CapEx (Capital Expenditure) in their transportation infrastructure. And for those cities that don’t invest, they put their economies at serious risk.”
The report also looks at emerging inland ports and intermodal facilities in markets such as Charleston, Indianapolis, Philadelphia and the Great Lakes, and the impact that the Panama Canal expansion and changing global trade patterns are having on industrial commercial real estate.
Colliers identifies a number of key elements including:
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