Ports need more railroad infrastructure as with the rest of the country. Its the most efficient way to move a lot of heavy stuff. It need's to be federally regulated so we don't have the same 3 companies playing monopoly on their regions.
Amazing that the Baltimore bottleneck, which has been around forever, is only now being fixed, and it only cost $500m Absurd that it took that long. By contrast, Apple's AirPods generated over $20B in sales.
Coincidentally, I was just googling the 2017 tax cut savings for AAPL. _The report, covering the first three months of the company’s activities under the new tax rules, shows $16.1 billion of worldwide pretax income, and an income tax provision of $2.35 billion, for a tax rate of 14.5 percent. By comparison, the company’s effective tax rate for the first three months of calendar 2017 was 24.9 percent. If last year’s effective tax rate were still applicable, the company’s first quarter income taxes would be $1.68 billion higher._
one big issue with all the upgrades is that most of the money goes into unloading the ships faster, but not into every other stage in the terminal upgrading to container asrs would greatly increase the container capacity of the terminals while also increasing speed of access to any one container
As an importer, I sat helplessly back in 2022 when our entire nation's port capacity was swamped and overloaded. We waited WEEKS for vessels to get berths to be unloaded. We watched vessels start deferring their departure dates indefinitely or blank sailings. We ran out of stock on everything and watched our customers grow impatient, it was atrocious. We clearly do not have the excess capacity to keep us from another blowup, and if you understand how queue lengths behave in terms of systems engineering, they don't break down in linear fashion, the wait times EXPLODE when you exceed capacity. I dread the future, we can't get enough capacity online fast enough to keep us from hitting another logjam soon; it's only a matter of time.
3 months later, a giant container ship takes out a huge bridge in Baltimore. This upgrade couldn't come at a far worse time. That bridge disaster is a 100 million dollar a day disaster
I’m glad Baltimore is getting the improvements they need. I remember years ago they had a long process to get the channel to the Savannah/Brunswick port widened and deepened to handle the bigger ships. Georgia invested in the port because Atlanta is a transportation hub and the port is an important part of the trade. Companies have built factories in Georgia because of the infrastructure that moves supplies in and finished products out.
I can remember the back log of container ships off the coast of long beach CA in 2020-2021. I could see plenty of them from the beach, over 100 of them back logged at the time.
@@mysterioanonymous3206 sigh, you realize we have trains right? Not all the merchandise that gets unloaded on the West Coast...is for the West Coast. 2/3 of the population lives east of the Mississippi. Why do I know this? Because my first job out of college was for a Fortune 500 company and I was a distribution analyst.
@@HKim0072 Exactly. Because you said land was cheaper on the east coast.... Well duuuhhh, you still need both coasts or you'd have to cross the Panama canal - hardly an increase in efficiency, or it would have already happened. So you need both coasts anyways whether land is expensive or not. It's still cheaper than any alternative....
There's way more harbor options on the East Coast as well. The West Coast is dominated by sheer cliffs and direct exposure to the open ocean with few barrier islands or peninsulas calming the waves.
Come back, there are some great parts to Baltimore City, not just the harbor. There are issue's here for sure, but the more jobs and industry the better.
It's getting upgraded with the growth of Freight Traffic. Canals can be used to have the shipping Vessels parked to unload the containers for smooth flow of the goods as with the Multiple Shipping Vessels.
I think the United States should try, and do container on barge, and put a huge port down towards the mouth of the Mississippi. I think they were trying to do that but I don’t know if it’s going through.
I think the issue right now is the lack of manufacturing along the Atlantic. Most of our goods come from South East Asia. It's one of the reasons Mississippi traffic dried up, the death of US manufacturing. East Coast infrastructure is also an issue. It's very easy to lay tracks west of the Mississippi due to low elevation changes, less forests, and the relative emptiness. Get east of the Appalachia and the infrastructure is a mess and difficult to fix.
So, that used to be what happened back in the day with New Orleans and the Mississippi River. Unload in New Orleans and ship up the goods on river barges to the various cities. It still happens yes but not as much as before. Building a huge port now on the Mississippi delta would pose alot of problems, one the region is very hurricane prone as we see every year. Two, the topography, the delta is mostly below or just a bit above sea level and flooding is a huge problem, especially from strom surges. So the region is ideal for a huge port but at the same time, there are big risks.
Idk if you live in the Mississippi but they can't get anything up the river for a while now due to low water levels. But you do see barges going up and down the Mississippi. I'm from Memphis. But the water is low and been low so it's causing problems
Infrastructure like this, internet for rural America, prepping the grid for greener energy and EV's (I'm not a huge fan of EV's but they're seemingly inevitable) are all good investments. I think mid sized cities are in desperate need of mass transit, safe biking, and walk-able communities investment as well. Places that grew in Europe or Asia with tiny roads tend to mix shops and homes in a reasonable proportion. Just go down the block. We need to knock down a few houses here and there in suburbia and add small shops, offices, and non-industrial things of the like to decrease the distance traveled to work on average. I hate to say it but city's should have more apartments and parks and less houses. But my city is one of the most spread out in the nation (I think it's population per acre?). If not that extreme bit at least let's invest in a hub and spoke network for low or no emission mass transit combination of buses, transit vans, and trolleys depending on distance, speed, and capacity needed. Most cities have a ton of lanes and you can reserve one of those for mass transit and commercial vehicles only which helps business/productivity and makes mass transit extremely competitive. Have trains, trolley's, or fast buses connecting larger city's with surrounding towns. Now you've created a very valuable thing. I just wish I was alive in the 30's when we had mass transit. My city was tiny back then and we had trolleys, it was EVERYWHERE. 😢
@@Pr0toPoTaT0Baltimore has its charms (it IS Charm City after all LOL). North Baltimore neighborhoods like Roland Park, Homeland and Mount Washington are actually really lovely and the wealthy northern inner suburbs in Baltimore County like Ruxton, Towson and Timonium are very nice as well. Like anywhere, there are good and bad parts.
@@zyxwut321 I live in southern Maryland so I feel like I have the right to talk down about Baltimore. Were ugly and pretty too 😆 Also, feel the need to mention there are good, bad, and VERY BAD parts to Baltimore. Only what I'm trying to say ❤️
The Inflation Reduction Act was one of the greatest pieces of Legislation ever passed. Honestly, if we could do another round of it, particularly with emphasis on renewables/infrastructure, it would be a gift to future generations; certainly not a burden. Such things pay for themselves & more with the synergy they create. Germany/EU will quickly fall behind us in not following our lead. They have antiquated ideas.
Why does everything have to be private public? Is the State/Federal Government allergic to just doing it inhouse and investing all the money that is needed?
State investment like what China is doing sounds very impressive, but if you look more closely, they are extremely wasteful. US is a lot more developed and has much higher debt, wasteful investments are simply not that attractive nor necessary.
@@raylopez99 Funny you say that. Chinas government is the world biggest yet they complete infrastructure projects like this at a higher quality, 10x faster and 1/3 price of any US equivalent. So much for Bloated government being impotent. That applies to the US.
the US gov would NEVER allow that to stop, literally everything bad comes from the boats. and thats bc they let it, its their most and only profitable business. everything else is just make up.
Should have spent $ on protecting the bridges. Funny this is 3 months before chaos in baltimore port. Makin me wonder why they cant afford to protect pillars to bridges.
The US is literally spending money to fix its roads and ports though, as this video demonstrates? The Infrastructure and Jobs Act is funding these upgrades and it was passed by Biden in 2021.
The US should be subsidizing US ship builders as a matter of national security. If war ever does breakout, the US will need the capacity to build more than one ship a day. It just doesn't have that capacity today. The Jones Act is one means to protect US ship builders.
@@KevinSmith-qi5yn Here watch Peter Zeihan video on reforming the "Jones Act". Reviving Water Transport in the United States || Peter Zeihan ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ePBc_mxNnjY.htmlsi=5xIq91vbmM5wM5FM
Fun Fact: they used to roll tobacco in barrels to transport it to the harbor and ship to Europe. Hence, the name "Rolling Road" in the Baltimore suburbs. The odd juxtaposition of Maryland. Kinda the South, but not really. Not really the North either. Hence all the battles from the Civil War.
@@coreyleander7911 Congress voted on the infrastructure bill and then the POTUS signs into law. It was proposed before, but Congress was controlled by Democrats. It’s called partisan politics.
there is no way that it takes those dollar amounts to do half of wjat they have planned. i mean fucc if the higher powers werent taking half off top....it wudnt be that high. i was in construction for many years and the profit margains are soo crazy...people will pay 30k for a new 8x10 kitchen n tha most expensive thing in there is tha $1500 range and fridge😂😂😂
@@highlymedicated2438 let the mindless partisans cook. It'll be a rough time when they discover just how aligned the Trump and Biden administrations really are, particularly as pertains domestic manufacturing. The differences are stylistic/political, not substantive.
Unfortunately I can easily imagine public tax dollars being wasted on rewarding Republican political allies with unneeded infrastructure projects. The Democrats are just much better at wasting them.
If you were to apply public sector healthcare funding in the US to the entire population, the US would spend more per capita than any other country. The issue is the cost, and not something Congress will tackle since most of them take part of the cut.
@@coreyleander7911Universal healthcare isn't far left. Making a nexus between universal healthcare and government money being spent on public infrastructure, with the sole focus of making corporations more profitable, isn't radically left-wing at all.
