Panama Canal expansion will reduce air cargo centers
An expanded Panama Canal will result in a smaller number of North American air cargo centers, according to the recently released North American Port Analysis by commercial real estate firm Colliers International.
The report, titled “CapEx or Capsize,” says air cargo’s role in global trade will be defined by the tug-of-war between energy/infrastructure costs and e-commerce growth in the first post-Panamax decade (2015-2025).
“What we are trying to do is evolve the understanding of what’s going on,” K.C. Conway, the Colliers economist who authored the report, says.
Source: Air Cargo World