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Will the Panama Canal expansion increase profitability?

by Ken Root

Today we finish our series of reports on the Panama Canal. With the June 26th opening of new locks that are much larger than the 101 year old structure in place today, the projected cost of ocean going freight will drop.  There will also be a draw to the gulf, a larger area of the Midwest.  There is the prospect of lower rail costs within that bigger area.

Mike Steenhoek is the Director of the Soy Transportation Coalition. He speaks from an informed and analytical perspective about the changes the new capacity of the Panama Canal will bring. Steenhoek describes the increased size of vessels that will transit the canal.

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