Study: Cost of closing Chicago locks exaggerated
2/17/2010
2/17/2010
By Joel Hood, Chicago Tribune
Feb. 18--A Wayne State University business professor projects a $70 million a year increase in transportation costs in the Chicago region but an otherwise modest impact if Illinois is forced to close its navigational shipping locks to keep out Asian carp.
John Taylor, an associate professor of supply-chain management at Wayne State, and a transportation consultant told reporters today that Illinois officials and some in the boating and shipping industries have exaggerated the economic impact of lock closure. Many jobs would be lost, Taylor said, but others would be gained by the creation of new truck and rail terminals to carry freight to their final destinations. More Info.
Feb. 18--A Wayne State University business professor projects a $70 million a year increase in transportation costs in the Chicago region but an otherwise modest impact if Illinois is forced to close its navigational shipping locks to keep out Asian carp.
No comments:
Post a Comment