Thanks to both the proximity and success of the Port of Tacoma, and their initiative as Principal Sponsor, the
The NWIC focused on the essential factors that affect the volume of intermodal traffic through the
Tim Farrell, Executive Director, Port of Tacoma, began the conference with opening remarks, challenging the attendees to notice the opportunities and competitive advantages of the Port of Tacoma. Capacity, environmental quality and political support are all in the strong hand held by the Port of Tacoma.
Kemmsies, noted, as did other speakers later in the conference, that global trade has grown 2x GDP growth since 1950. This growth he attributes to containerization, trade agreements, the world wide web and offshoring. He cites tht the number of ports that can handle containers has increased from 75 in 1970 to about 550 in 2007.
For the U.S., Kemmsies says TEU (20-ft. equivalent units, a common denominator for container length) has increased 5x for our GDP growth of 2x between 1982 and 2007. His forecast is for PNW ports share of the North American volume to grow by 15% in the next decade. The current division on container volumes is due to the nature of cargo from origin to port of entry. West Coast ports receive household goods from Asia. East Coast ports receive medicine, toys, etc. from Europe, up 22%.
Kemmsies forecasts a 3.1% GDP growth and a 7.8% TEU growth until the next decline (recession) in 2011 (as the economy follows its pattern of 8.5 year cycle).