Modernizing America’s Ports Will Require All Types of Expertise
Port operations throughout the world were damaged when the pandemic occurred. The effects of COVID were significant and the problems have lingered. Supply chain disruptions, port congestion, cruise ship restrictions, budgets stretched to the limit, and limited...
An Infrastructure-Focused Analysis of U.S. Water Risk
Most measures of "water risk" in the United States fail to account for infrastructure. Now, researchers have developed a model that they say more accurately calculates water risk based on local infrastructure. From the paper, published in the March issue of Global...
US DOT Opens Application for the New Bridge Investment Program
As part of the Bridge Investment Program, passed under the umbrella of the Bipartisan Infrastructure Law, the US DOT's Federal Highway Administration has begun calling for applications through a Notice of Funding Opportunity. The program will focus on the...
Port Mergers Hit High Tide in 2021, According to New Research
Port M&A intensified in 2021, according to a recent research brief which outlines the latest trends in port economics, including the COVID-induced supply chain crisis. Theo Notteboom, Professor of Port and Maritime Economics at the University of Antwerp, writes:...
USDA To Invest $16 Million in Rural Water Infrastructure in Kansas
The USDA has announced that it will finance six water Infrastructure projects across Kansas. Towns will receive funding totalling $16,027,000 which will come from the Water and Waste Disposal Loan and Grant Program, and the Community Facilities Direct Loan and Grant...
EPA Gives $220M Loan for New Jersey Water Infrastructure Modernization
The New Jersey Department of Environmental Protection announced that the New Jersey Infrastructure I-Bank will receive $221 million WIFIA loan from EPA that will be used to finance 28 water infrastructure projects in the state of New Jersey. The WIFIA loan will not...
The Economic Impact of Port Cyber Attacks
Cyber attacks orchestrated against ports are no longer a hypothetical; stakeholders now must understand the economic losses that could come from such an attack. But how to quantify such losses? A new paper in Transportation Research offers a look at the economic...
Water Agency Ratings Changes Roundup: June 2022
Fitch Ratings recently updated its ratings on various water agencies in California, Oregon, and Texas. Water District of Southern California was given the rating of 'AA+' on its senior lien and subordinate lien water revenue bonds and term bonds, and bank bond ratings...
Major California Ports’ New Fee Could Bring $90 Million in First Year
In an effort to achieve a zero-emissions future for ports by 2035, the Port of Long Beach and Port of Los Angeles are set to launch the Clean Truck Fund Rate which will charge cargo owners for containers delivered by non-zero-emission vehicles. The imposition of the...
Moody’s: Ports Outlook Positive; Unaffected by Russia, Ukraine War
The Russia-Ukraine war may have rattled the global economy and supply chain, but Moody's asserted that the crisis did not spill over into sea ports as things continue to remain positive for the sector. Summarizing the analysis of Moody's reaffirming its positive...