Episode Details
Back to EpisodesInvesting in U.S. ports
Description
Ports are vital links in the global supply chain, but those responsible for running key U.S. trade hubs say they need an equipment upgrade.
National Association of Waterfront Employers (NAWE) President Carl Bentzel joins The Intermodal Logistics Podcast to discuss a survey of 25 port executives NAWE released in May. Carl tells us how those member executives agreed on a need for $6.7 billion in new equipment across the country over the next five years to help domestic ports keep up with demand - and global competition.
He explains how new cranes are a particular need to handle larger ships, while other upgraded gear will add to port efficiency and safety. But there are tariff concerns, and Carl points out cranes are a particular problem as virtually all production takes place in China - which faces hefty tariffs (though NAWE is hoping for exemptions). He additionally notes that port leadership is working with labor unions to ensure any upgrades would fit automation language in their current contracts.
While the executives have identified the issue, he tells us that paying for the investments will need to be a priority in the federal government. NAWE is hopeful for a Maritime Security Trust Fund (much like the existing Highway Trust Fund) to help with port infrastructure costs.
Beyond port investments, Carl discusses his extensive background, which includes a recent stint as a Federal Maritime Commission (FMC) Commissioner across the Trump and Biden Administrations and his concurrent role as National Maritime Safety Association Executive Director. And he tells us how port awareness has grown since the pandemic, the current activity level, and why NAWE is concerned about the proposed Union Pacific - Norfolk Southern railroad merger.
For more on NAWE, visit www.nawe.us.
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