Ports need better funding to compete: execs

Apr 15, 2013 | 01:39 PM | Corinna Petry

Tags  Panama Canal, U.S. port capacity, global competition, imports, exports, John Vickerman, J.J. Keever, Port of Virginia Senate committee

CHICAGO — U.S. ports are doing what they can to meet future freight capacity needs with insufficient federal funding, but the U.S. risks losing out on the global stage if it doesn’t step up its infrastructure investment, two industry executives told a Senate committee hearing.

The expansion of the Panama Canal, expected to be completed around June 2015, will more than double the waterway’s capacity to handle "dramatically larger ships," according to testimony from John Vickerman, president of Vickerman & Associates LLC, a Williamsburg, Va.-based civil engineering company specializing in the port and intermodal industry.....

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