Posted on Jan 07, 2008 - 6:32am by E. Phil Haley in Business, NAFTA, Trucking
Nope, I don’t have a crystal ball and my record of predicting the future is anything but stellar; just a quick look at my buy and sell choices in the stock market, over the last 20 years, would leave you convinced that the title of this post is dripping with audacity. That’s why it’s couched as a question rather than a statement. You’ll do well to consider my assertions, read the source material, and come to your own conclusions.
I just finished reading a very interesting post by Dan Goodwill titled “NASCO (North America’s Super Corridor Coalition)” and it got me to thinking. First, a little background so you know where I’m going with this. Back in October I authored a post in which the issue of some new regulations being proposed for the ports of Los Angeles and Long Beach were thoroughly inspected. Well, as thoroughly inspected as possible in a blog post. The entry didn’t seem to generate much interest, maybe very few folks figured it would impact them directly, so I didn’t bother following up with a post when the regulations were adopted in early December or when the new container fees were approved about ten days later.
In case you decide against following all the links in the preceding paragraph, and I really wish you wouldn’t, I’ll (very) briefly summarize the ports’ situation. CARB pushed a proposal that “would ban all trucks with pre-1994 engines and older from entering ports or rail yards, and would require retrofitting of engines manufactured between 1994 and 2002.” Included in the once proposed and recently adopted regulations are stipulations that “would require all truck drivers at the port to be employees of concessionaires, which would be limited by an application process that would favor trucking companies with the largest amount of financial assets, among other considerations.”
Of course, these aren’t the only situations covered by a set of regulations that’ll result in huge costs being incurred by everyone doing business with the ports of Long Beach and Los Angeles. In order to help pay the related expenses, a new fee, which ranges from $35 to $75 (depending on length) per container, was proposed and subsequently adopted. That means, as I said in my related post, “an increase in revenue, to just these two ports, of approximately $300 million per year. Not only that, if growth projections are on track, the revenue from these annually realized fees will be $600 million by 2020.”
It is an economic truth that taxes create a disincentive; so there’s a possibility that the new fees might have a negative impact on the ports’ projected growth. And that’s where the Dan Goodwill post enters the picture.
The North American SuperCorridor Coalition, Inc. (NASCO), begun in 1994, “is a nonprofit organization dedicated to increasing economic development activity while supporting multi-modal infrastructure improvements, technology / security innovations and environmental initiatives.” To achieve these goals a NASCO working group, the North American Inland Ports Network (NAIPN), was established with the goal of developing a network of multi-modal facilities along the trade corridor to facilitate the inter-modal movement of containerized freight.
Oh yeah, and the primary ports of call for the container ships delivering freight bound for the yet to be built Inland Ports are located in Mexico. The proposed Inland Ports are set to be located on the Super Corridor which, in the U.S., runs up the center of the country using I-35.
With the flow of containerized freight anticipated to grow by several hundred percent over the next ten to fifteen years, coupled with the increased cost of fuel and a prohibitive fee and regulation structure adopted by the two SoCal ports currently handling 40% of all containerized freight moving into the U.S., it seems inevitable that those paying the freight bill will be looking for alternative methods of getting the goods into the hands of consumers. Especially considering the fact that every other port in California is considering the adoption of these new regulations.
Like it or not, consumer spending accounts for 70% of the U. S. economy so any increase in the cost of goods sold, no matter the reason, has a significant impact on economic growth and, in some instances, inflation. Put all this together and you can see that powerful forces will soon be aligning themselves in an effort to make the transportation of goods become far more efficient than it is, currently. One method of increasing efficiency is to allow for the use of longer trailers hauling, possibly, heavier loads. Another method is to increase the use of rail transportation.
With shippers facing higher costs due to increased regulation, fees and fuel costs, the ports in Mexico are likely to become more and more attractive for both imports and exports; bypassing the increasingly expensive California port facilities. Containerized freight entering these ports will then move north, primarily but not exclusively, by rail. But we all know that most shippers and consignees will need to employ trucks for the pick up of loaded containers at the railhead and the return of empties.
Increasing the amount of containerized available for trucking from inland inter-modal facilities might be just what the doctor ordered. Truck rates for container freight have increased over the last several years and, with shorter hauls, the possibility exists that a much higher number of decent paying “localized” trucking jobs could be available in the future. Beyond that, if this Super Corridor is successful there’s a high likelihood that others will be developed, furthering the opportunities for short haul trucking and truckers.
Obviously, long haul trucking as we know it won’t be disappearing anytime soon. There will always be a need to move some freight, like the stuff Everitt hauls, by truck from beginning to end. Still, the possibility that an increase in the availability of inter-modal freight might increase the demand for short-haul truckers, which could also have a positive impact on the wages and working conditions for long-haul truckers, is something to look forward to. That is, if I’m right. What do you think?
Trailer Sales as an Economy Gauge
Transportation Broker Survey Results
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I think you’re right.
Doesn’t mean I gotta like it. I don’t like Dentists either…or Colonoscopys….but they’re necessary.
I go to ports when I can’t avoid it. I hate em. Not the ports themselves so much…although that’s no picnic, but the getting in and getting OUT of the ports. One wrong turn and you’re screwed, blued and tattooed…Times ten with an Oversize.
I’ve been to those ports in Taxifornia..and to others. I’ve also been to several, if not all, of the Ports in California’s two largest counties. (Oregon and Washington) I hate them all. Something has to be done. From the standpoint of any factor you care to name Long Beach, Terminal Island, and just about any port located in the middle of a metro area is teetering on the edge of disaster. I could go on and on but unless you’ve been there you wouldn’t believe it. BandAides aren’t going to help either, not for long.
As much as some of us would wish otherwise it appears that both an alternative to West Coast Ports AND longer, heavier trailers are going to happen. Building a modern port essentially from scratch in Mexico and the infrastructure to get the freight where it needs to be might be it. Other things too. We might not like them either.
However. There’s an old addage I ran across. If you have a problem….well you have a problem. But if you have SEVERAL problems….well you might just have some opportunities. It just might be possible to have one problem solve another problem.
Huge traffic thru modern facilities in Mexico is going to pretty well destroy the Mexican Culture. I see that as a plus. They’ll eventually, and not too long from now, be just like southern Taxifornia or south Texas. Illegal immigration problem solved. Fifty or a hundred years from now Mexico might as well be just another state. Hell it might BE another state. No wall required.
About a thousand years ago a dude named Canute found that it was impossible to stop the tide. He tried….it didn’t work. Same thing here.
Trucking is changing….the whole transportation sector is changing……rapidly.
Sorry. Get used to it.
Yep, trucking and transportation in general is changing rapidly. I’m in agreement with you, Everitt, on every point but, where you seem to be grudgingly accepting the coming tide as inevitable, I think I’m kind of looking forward to the potential for new opportunities. And, as we all know, a rising tide raises all boats.
By the way, didn’t Canute already know it was impossible to stop the tide; only making the attempt in a somewhat sarcastic effort to prove he wasn’t the god some were making him out to be?
I think your version of King Canute is the more accurate.