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-June 24, 2010 - |
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Top 13 Ports Planning $8+ Billion in Investments over Next Five Years - Is it Enough? |
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Despite the double-digit drops in container volumes due to the recession, major US ports are still planning billions in new investments - and that's generally good news for shippers.
According to a report last week by real estate firm Jones Lang Lasalle, the top 13 US ports will invest more than$13 billion in their facilities over the next five years. Compare that to the estimated $45 billion in investment that has been made in total at US ports since 1945 (though inflation has to be considered in the comparisons).

Source: Jones Lang LaSalle
"With the increasing interdependence between global economies, the need for infrastructure improvements and the rapid movement of goods will put pressure on US ports to secure long-term access to financing from both public and private sectors," the report notes.
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