U.S. ports and the economy
By Splatty • Sep 4th, 2007 • Category: Misc Logistics, Seafreight
Although the majority of consumer products enter/exit the U.S. via the country’s various seaports, I had no idea of the powerful impact these ports have in providing jobs and revenue and to the overall health of our economy in general.
According to an article from Logisticstoday.com, the ports generate the following for the U.S. economy:
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- 8.4 million jobs
- $2 trillion to the U.S. economy
- $314.5 billion in wages and salaries
The ports and waterways in the U.S. handle 2 billion tons of cargo annually which, according to the article, is expected to double by the year 2010 over the 2001 numbers.
“The tremendous growth in overseas trade volumes moving through our ports in the past decade has been a huge boon to the American economy,” says Kurt Nagel, president and CEO of the American Association of Port Authorities (AAPA) “The jobs these imports and exports create are spread throughout the country, not just in port cities, making them a vital part of our nation’s economic fabric.”
Stumble it!
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