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How competition is driving change in port governance, strategic decision-making, and government policy in the United States

The period from 2007 through 2016 saw little change in the fundamentals of port governance in the United States. Instead, increased competition resulting from the consolidation of the ocean carrier industry, a slower forecast for U.S. container trade growth, port congestion on the U.S.West Coast and the potential for shifting trading lanes from an expanded Panama Canal became the predominant force driving change in the U.S. port industry. Recognizing the competitive threats, the U.S. government responded through increased funding, greater agency engagement, modest reform of the harbor maintenance tax and legislation regarding the establishment and reporting of port performance metrics. State governments invested and took steps to position their ports to withstand increased competition. At the local level, ports responded through strategic collaborations and by shifting from traditional landlord roles to supply chain participants. TheWest Coast Ports exhibit greater efforts at strategic collaboration than the East Coast Ports that are actively competing for cargo through an expanded Panama Canal. Some East Coast port investment is speculative and out of scale with market and financial conditions. The potential of over-investment, stranded assets or market share losses could drivemore ports to consider regional collaboration, governance changes or creative leasing strategies to facilitate terminal collaboration to enhance their market power.

Ketersediaan
#
IPC Corporate University Library ATC PO KNA h C.1
ATC1600442
Tersedia
Informasi Detail
Judul Seri
Research in Transportation Business & Management
No. Panggil
ATC PO KNA h
Penerbit
Los Angles : Elsevier.,
Deskripsi Fisik
11 p.
Bahasa
English
ISBN/ISSN
2210-5395
Klasifikasi
PO
Tipe Isi
-
Tipe Media
-
Tipe Pembawa
online resource
Edisi
-
Subjek
Port Competition
U.S. port governance
Port collaboration
Port merger
Terminal mergers
Federal role
Pacific Northwest Seaport Alliance
Panama Canal expansion
Info Detail Spesifik
-
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