Present Day Situation
- Crumbling at capacity surface transportation systems rated by the World Society of Engineers as 18th in the world
- Continued deterioration of our transportation system is costing Americans billions in lost time and logistics functionality and is placing America at a competitive disadvantage in the Global Economy.
- Underfunded systemic road and bridge repair budgets
- Growing gridlock and countrywide pollution
- System wide driver and flat-bed shortages coupled with more stringent driver regulation
- Rising fuel and toll costs
- New more stringent environmental regulations
- New emphasis on sustainability
- Industry wide focus on reducing “Energy Spend” and company-wide carbon footprints.
- 599,996 bridges in the United States
- 69,223 (11.5%) are rated as “structurally deficient” according to government standards
- 23% of all bridges are located in urban areas
- High commuter and truck traffic
- Urban bridges carry approx. ¾ of the nations bridge traffic
- 1/3 of all bridges in the U.S. are older than 50 years (this number will double by 2030)
- Bridge Repair Funding
- The current backlog on maintenance and repair of the nation’s bridges amounts to approximately $70.9 bn
- The current Federal Highway Bridge program has approximately$5.2 bn in funding
- U.S. bridge infrastructure is lacking $65.7 bn in
What is the American Marine Highway?
- The American Marine Highway (AMH) dictated the pattern of the country’s development and was the transportation thoroughfare of choice until the mid ‘50’s.
- By way of background, The United States has the longest and most developed coastline and port network in the world however today the AMH is not used to trans-ship containerized goods.
- The AMH has unlimited unused capacity
- The AMH and Port network exists, costs nothing to create, and little to maintain
- No harbor dredging is required to initiate GSL’s services, now, or in the future
- 90% of the United States Population lives within 125 miles of navigable water
- Modern Coastal SS/Feeder Ships on the AMH can offer “Green” fuel efficient transportation for containerized: heavy, hazardous, and reefer cargos
Waterborne Benefits include:
- Green economical fuel efficient transportation option
- Reduction in “Energy Spend” and carbon foot print of a cargo’s logistics supply chains
- Significant fuel savings
- Significant reduction in road & bridge repair maintenance costs
- Reduced pollution
- Reduced gridlock
- Reduced roadway accidents
- Improve Homeland Security
- Improved supply chain security
- Advanced cost effective company compliance with the new EPA sustainability standards and state regulations such as California’s AD32
- Higher Wall Street sustainability ratings for companies who use water transportation resulting in reduced future borrowing cost of capital
- Additional supply chain option of supply chains for “Dangerous Cargos”
- Ability to “Heavy Load” containers for water transport versus “over the road” interstate weight limitations
- Opportunities to increase “working capital” velocity for US exporters
- Opportunity to take advantage of contemplated Federal and State Incentive Programs to revitalize the AMH and “Jump Start” US Ship Building. GSL believes these programs will most likely start at the State level and will be modeled after State RECs, and California’s Carbon Credit Program.
US EC/GC Short Sea
Demand for freight transportation grows with increases in population and economic activity. The U.S. economy, as measured by GDP, is projected to increase by 39 percent and the U.S. population by 9 percent by 2014. Transportation and warehousing employment is expected to increase by 12 percent over this period, about the same as employment as a whole.
We expect that growth in population, employment and GDP will generate additional demands for container transportation solutions.GSL’s feeder service is the perfect workhorse for Short Sea / Feedering door-to-door solutions along our coasts.
The illustration no. 3 shows 23 US key ports. The list has been compiled for an assessment of the OIF (Operation Iraqi Freedom) related performance of ports and intermodal nodes. The interesting info relating to our project is that mostly all bigger east coast container ports are of strategic nature, meaning they have a
significant flow of military / governmental goods and connecting those with an efficient feeder system to the biggest ports could be of highest interest of MARAD / the government / military.
Report to congress on the performance of ports and the intermodal system 2005 DOT/MARAD