Port & Harbor Operations in the US
Ports and harbor operators have grown following economic recovery, which has driven increases in total trade value, per capita disposable income and downstream demand from water transportation industries. Over the current five years, trade volumes have improved and government funding has picked up slightly since recessionary lows. Furthermore, consumer spending has increased trade activity, thus, industry services. In the next five years, increasing trade activity and greater investment in port infrastructure, especially intermodal transportation, are expected to drive revenue growth. Although the dollar will continue to appreciate, exports to Asia are set to rise, as consumer classes in China and high-growth Southeast Asia will spur demand for American agriculture and manufactured goods. In the domestic market, steady increases in disposable income will spur consumer spending, encouraging import growth.
Operators in this industry operate ports, harbors (including docking and pier facilities) or canals. The main activities of this industry include loading and unloading cargo containers from ships, operating lighthouses, arranging paperwork for incoming shipments to meet customs requirements, operating a computer system to connect cargo with recipients and transferring cargo onto trucks and trains.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.