We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » forget the GDP and CPI
inbound

forget the GDP and CPI

April 1, 2006
DC Velocity Staff
No Comments

For a quick read of the U.S. economy's health, forget all those indexes coming out of Washington. All you really need is a report on the volumes of limestone and iron ore moving on the Great Lakes. That bit of wisdom comes straight from the U.S. Maritime Administration (MARAD). "The Great Lakes traffic gives us a reliable measure of the strength of the U.S. economy," says Acting Maritime Administrator John Jamian. "The more Americans manufacture, the more they consume, the more goods will flow on the Great Lakes."

If MARAD's right, we can look forward to smooth sailing ahead. U.S. Great Lakes carriers expect marine cargo volumes to grow over the next five years, according to a recent report, Great Lakes Operators 2005. That report, which summarizes the findings of a MARAD survey, notes that carriers are optimistic that their core business—bulk shipments of iron ore, coal, limestone, cement, and manufacturing and construction materials—will hold steady. They also express high hopes for new business in the form of iron ore briquettes, plastic pellets and scrubbing stone. Several carriers are even planning to invest in new vessels over the next five years.

But not all the news is good. The report also reveals serious concerns about infrastructure. Survey respondents make particular mention of insufficient harbor water depth at ports and a critical need for dredging and lock maintenance.

The findings, part of the MARAD Industry Survey Series, represent survey responses from U.S. carriers who accounted for 93 percent of Great Lakes domestic traffic in 2004. The complete report is available on MARAD's Web site, www.marad.dot.gov/marad_statistics.

Transportation Maritime & Ocean
  • Related Articles

    The CPI continues to rise. How does this impact your truck financing?

    NA 2008: forget the economy, the show must go on

    Forget the steam drill. It's John Henry versus the driverless car

Recent Articles by DC Velocity Staff

The Rainmakers

BrightDrop delivers 150 electric parcel vans to FedEx network

Logility acquires supply chain modeling firm Starboard Solutions Corp.

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Private equity firm acquires packaging provider Coregistics in e-commerce bet

  • Packaging industry reprioritizes amid inflation, supply chain disruption

  • Warehousing's perfect storm

  • Raymond Corp. marks 100th anniversary

  • Investors see big value in basic wooden pallets

Now Playing on DCV-TV

E3f9e6d5 8bd4 40ca 8c7f 43aa63ea3fc9

Lessons from CSCMP’s Annual Report Card for Shippers and Carriers

DCV-TV 4: Viewer Contributed
Recently, the Council of Supply Chain Management Professionals (CSCMP) released their 33rd Annual State of Logistics Report which is created by AT Kearny. I've viewed this as basically a "Report Card" for shippers and carriers since it offers a comprehensive view of what they both have dealt with in the past year,...

FEATURED WHITE PAPERS

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Fueling Sustainability for Manufacturers: Strategies to Increase Fuel Efficiency and Reduce Your Carbon Footprint

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing