We had another record in PC/UMS (Panama Canal Universal Measurement System) tonnage recorded during fiscal year 2012 despite a 0.95 percent decrease in transits.
In line with our earlier forecast, 2012 proved to be another tough environment for the container shipping industry with weak demand growth, volatile fuel prices and unsustainable freight rates for many major trade lanes.
Governments around the world are taking action to improve the external environment of their trading community by, for example, improving existing infrastructure, creating a better general business environment and enhancing the efficiency and effectiveness of their national economic, institutional, regulatory and competition policies.
The inland waterways industry looks ahead to 2013 with optimism. The inland system’s locks and dams are aging rapidly, and this critically important infrastructure requires capitalization. Momentum for positive change is moving forward in Congress.
For more than 222 years, we have been America’s lifesavers. We protect people on the sea, protect against threats delivered by sea, and protect the sea itself. We’re proud of our unique service and the thousands of lives we save.
I anticipate two major trends to continue into 2013: the continued resurgence of manufacturing in the Midwest and a greater appreciation and implementation of sustainability principles in the commercial navigation industry.
Annual Review & Outlook 2013: Panama Canal Authority
Annual Review & Outlook 2013: Pacific Merchant Shipping Association
Annual Review & Outlook 2013: Orion Marine Corp./ConFlo Lines
Annual Review & Outlook 2013: OOCL (USA)
Annual Review & Outlook 2013: World Customs Organization
Annual Review & Outlook 2013: Waterways Council
Annual Review & Outlook 2013: U.S. Coast Guard
Annual Review & Outlook 2013: Transplace
Q&A: Trucking on Steroids: Performance Enhanced?
Annual Review & Outlook 2013: St. Lawrence Seaway Development Corp.
Annual Review & Outlook 2013: SDV Americas
Annual Review & Outlook 2013: Samuel Shapiro & Co.
Annual Review & Outlook 2013: Retail Industry Leaders Association
Annual Review & Outlook 2013: R Wilson
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