News Content
St Louis freight value expected to increase 74pc in 30 years
THE value of freight shipped through the St Louis, Missouri, region is expected to increase 74 per cent to US$483 billion in 2045, according to the Federal Highway Administration.
The forecast is part of a projected 45 per cent growth in freight volume nationwide over the next 30 years. How to handle that uptick was the topic of a recent freight roundtable in St Louis, the St Louis Post Dispatch reported.
It was the last of 24 such events held by the highway administration around the country. It included officials from the St Louis Regional Freightway - the region's freight district that falls under the umbrella of Bi-State Development - as well as government and leaders from Boeing, Anheuser-Busch, Save-A-Lot grocery stores and trucking firms.
Highway administration chief Gregory Nadeau highlighted the 126-year-old Merchants Bridge as key to moving freight not only in the St Louis region, but across the country. "Its importance to the national freight network is unquestioned," Mr Nadeau said.
Funding remains elusive to replace the aging structure, a project that would cost an estimated $222 million.
An average of 32 trains a day, including Amtrak, cross the half-mile rail bridge that spans the Mississippi River just north of downtown St Louis, according to recent numbers. Regionally, rail carried about a quarter of all freight tonnage in 2012.
Big changes to Interstate 270 also are being sought, including widening the road to six lanes from four between Illinois Route 111 and Lilac Avenue, estimated to cost from $350 million to $400 million, and replacing its bridge over the Mississippi with a six-lane span for between $160 million and $175 million.
Federal Maritime Administration chief Paul Jaenichen said that the nation isn't ready to handle the big ships of thefuture, citing old ports that are too small.
Lambert-St Louis International Airport director Rhonda Hamm-Niebruegge, stressed the importance of air cargo and the role that medium-sized airports with freight capacities can play.
"It's really convincing the industry as a whole to make a change," she said, citing high costs to move freight in airports such as Miami, Los Angeles and Chicago.
St Louis-area statistics from the Federal Highway Administration include showed that pharmaceuticals were the most valuable commodities shipped through the St Louis region; shipments in 2012 totalled $28 billion. That number is expected to grow to $67 billion in 2045 and account for 14 per cent of the region's freight value.
The forecast is part of a projected 45 per cent growth in freight volume nationwide over the next 30 years. How to handle that uptick was the topic of a recent freight roundtable in St Louis, the St Louis Post Dispatch reported.
It was the last of 24 such events held by the highway administration around the country. It included officials from the St Louis Regional Freightway - the region's freight district that falls under the umbrella of Bi-State Development - as well as government and leaders from Boeing, Anheuser-Busch, Save-A-Lot grocery stores and trucking firms.
Highway administration chief Gregory Nadeau highlighted the 126-year-old Merchants Bridge as key to moving freight not only in the St Louis region, but across the country. "Its importance to the national freight network is unquestioned," Mr Nadeau said.
Funding remains elusive to replace the aging structure, a project that would cost an estimated $222 million.
An average of 32 trains a day, including Amtrak, cross the half-mile rail bridge that spans the Mississippi River just north of downtown St Louis, according to recent numbers. Regionally, rail carried about a quarter of all freight tonnage in 2012.
Big changes to Interstate 270 also are being sought, including widening the road to six lanes from four between Illinois Route 111 and Lilac Avenue, estimated to cost from $350 million to $400 million, and replacing its bridge over the Mississippi with a six-lane span for between $160 million and $175 million.
Federal Maritime Administration chief Paul Jaenichen said that the nation isn't ready to handle the big ships of thefuture, citing old ports that are too small.
Lambert-St Louis International Airport director Rhonda Hamm-Niebruegge, stressed the importance of air cargo and the role that medium-sized airports with freight capacities can play.
"It's really convincing the industry as a whole to make a change," she said, citing high costs to move freight in airports such as Miami, Los Angeles and Chicago.
St Louis-area statistics from the Federal Highway Administration include showed that pharmaceuticals were the most valuable commodities shipped through the St Louis region; shipments in 2012 totalled $28 billion. That number is expected to grow to $67 billion in 2045 and account for 14 per cent of the region's freight value.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
