Report: U.S. ports need to spend $3.6T by 2020 to remain competitive

04/16/2013 | GlobeSt.com

Ports in the U.S. have to spend $3.6 trillion over the next seven years for infrastructure upgrades in order to stay competitive and benefit from the expansion of the Panama Canal, according to a report from Colliers International. "U.S. ports which invest in infrastructure linkages will be poised to receive larger post-Panamax vessels in 2015 and stand to benefit from accelerating growth in Latin America, Canada and Russia, while ports which are unwilling or unable to spend on infrastructure risk capsizing their local economies," the report said.

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