Great Lakes Shipping, Trade, and Aquatic Invasive Species Special Report 291 (2008) / Chapter Skim
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D Economic Benefits of Transoceanic ShippingThrough the St. Lawrence Seaway
D Economic Benefits of Transoceanic ShippingThrough the St. Lawrence Seaway
Pages 186-192
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From page 186... ...
One would need to determine, for example, whether break-bulk import cargoes arriving on transoceanic vessels could be transshipped from Quebec City or Montreal to interior destinations in Canada and the United States via road or rail without a significant increase in delivered cost and without straining the capacities of the alternative modes. A conclusive assessment would require access to a computable general equilibrium (CGE)
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From page 187... ...
The study's principal conclusion is that a cessation of transoceanic shipping on the Great Lakes would result in a transportation cost penalty of approximately US$55 million annually. The committee notes that the Taylor and Roach estimate does not include the transportation cost savings associated with coastal vessels that move goods between Great Lakes ports and coastal ports within the Canadian and U.S.
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From page 188... ...
The transoceanic vessel cargo in cluded 4.1 Mt of grain exports, 4.6 Mt of imported steel, and 3.6 Mt of other commodities. On the basis of the outlined methodology and commodity handling cost and transportation rate data collected from various sources, the annual cost savings associated with use of transoceanic vessels entering the Great Lakes was estimated at US$54.9 million.
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From page 189... ...
Criticism also often centers on various assumptions made by researchers with regard to the effect of diverted traffic on transportation rates and the routings of other modes.4, 5 A more recent study estimated the transportation cost savings for all Great Lakes St. Lawrence Seaway (GLSLS)
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From page 190... ...
assessed the cost savings associated with the GLSLS system at $1.2 billion for 2000. However, the methodology was not detailed, so what alternatives were explored is not clear.
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From page 191... ...
The results of these analyses were available to inform the public policy decision to proceed with deregulation. As the committee's literature review indicates, current analyses do not provide a comparable level of understanding about the likely economic impacts of any decision to close the seaway to transoceanic vessels.
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From page 192... ...
Lawrence Seaway System, Transportation Cost Savings. Prepared for the U.S.
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