Albany could see flow of cargo following Panama Canal work
By Brian Nearing
Published 6:14 pm, Wednesday, April 24, 2013
The $5 billion rebuilding of the Panama Canal to accept larger ships could present an opportunity for shipping thousands of miles away at the Port of Albany, an official of the Port of New York and New Jersey said during a Wednesday meeting of transportation officials.
That is because larger freighters will be able to carry so much more cargo that potential delays unloading in New York could encourage shippers to take a 12-hour barge ride up the Hudson River to Albany to get cargo off faster, said Dennis Lombardi, deputy director of port commerce for the Port Authority of New York and New Jersey.
Work on rebuilding the 99-year-old, 48-mile canal is expected to finish in 2015, which should unleash… read more at: http://www.timesunion.com/business/article/Wave-of-new-freight-possible-4461070.php#ixzz2SuXX5wBW