North American Port Analysis

by CoyDavidson on December 12, 2013


This 2H 2013 North American Port Analysis report is the fifth semiannual examination of U.S. and Canadian ports by Colliers International. In 2011, the original purpose of the report was to inventory and profile the approximately 200 North American seaports, and illustrate their economic role and influence on the value of industrial real estate. The study evolved in 2012 to include a better understanding of the increasing inland movement of volumes of ocean freight that would likely result from the expansion of the Panama Canal lock system (still under way, with a new completion timeframe of 2H 2015). An increasingly global supply chain and the movement of container ships approximately three times the size of those that today make passage through the canal will bring major changes to North American ports and inland transportation systems. Other factors in addition to the Panama Canal expansion have converged to make the ports an even more critical concern for the U.S. economy and industrial real estate markets: the growth in e-commerce, evolution of logistics, on-shoring and near-shoring of manufacturing to the U.S. and Mexico, advancements in oil shale extraction technology that have led to a U.S. energy boom, ongoing labor strife among transportation workers emanating from port automation, and legislative changes such as the hours-of-service rules for truckers and the reform of the Harbor Maintenance Trust Fund (HMTF). The Spring 2013 report, CapEx or Capsize, examined the implications of capital expenditures to our port economies in anticipation of the first post-Panamax decade (2015–2025).

This new year-end 2013 port outlook report, titled “Biggie-Size It,” updates the port upgrade projects under way, examines the material economic implications of unresolved labor, legislative and environmental issues, reveals the newest “shore” thing, and presents 10 distinctive
new port awards.

You can download the full report here.

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