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Article: Capitalizing on the trade rush: Don Krusel, CMA, has a vision for a new shipping paradigm. With new federal and provincial investment in Prince Rupert's Port Authority, he may soon see it come to fruition.(Canadian Manufacturers' Association)(international trade)
- Article from:
- CMA Management
- Article date:
- October 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Society of Management Accountants of Canada. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The growth of trade with China, and trans-Pacific trade in general, has bolstered competition along the west coast of the U.S. and Canada for the business of moving goods. Well established ports like Los Angeles, Long Beach and Vancouver are already feeling the strain of heavy demand, and with trade expanding, ports from Mexico to Prince Rupert are developing or expanding capacity to address the challenge.
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For instance, Oakland is reportedly spending $1.2 billion for port improvements over 10 years to lure shippers. In January, the port of Tacoma opened a $210 million terminal. And Vancouver hopes to triple its container volume ...