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The Economic Impact of the Inland Rivers and the Vessels That Serve Them

The Economic Impact of the Inland Rivers and the Vessels That Serve Them. 2012 National Homeland Security Conference May 22, 2012 Dennis Wilmsmeyer , Presenter. Standard Freight Capacity. RIVER Liquid Bulk 27,500 barrels Dry Bulk 1,750 tons. RAIL Liquid Bulk 600 barrels Dry Bulk

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The Economic Impact of the Inland Rivers and the Vessels That Serve Them

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  1. The Economic Impact of the Inland Rivers and the Vessels That Serve Them 2012 National Homeland Security Conference May 22, 2012 Dennis Wilmsmeyer, Presenter

  2. Standard Freight Capacity RIVER Liquid Bulk 27,500 barrels Dry Bulk 1,750 tons RAIL Liquid Bulk 600 barrels Dry Bulk 110 tons ROAD Liquid Bulk 190 barrels Dry Bulk 25 tons

  3. 22,000 Tons of Cargo

  4. Importance of the Inland River System • Half of all U.S. soybeans are exported using barges • The Port of Metropolitan St. Louis is the largest agricultural port in the world moving in excess of 300 million bushels of corn annually • 60% of grain, 22% of domestic petroleum and 20% of coal are moved via barges

  5. 12,000 miles 240 Locks

  6. The Economic Impact • Individual Inland Port impacts exceed $150 million annually • AAPA estimates the annual economic impact of ports as creating 13.3 million jobs which translates to $2 trillion • IRPT to develop a comprehensive economic impact statement of the inland rivers

  7. How Could it Affect St. Louis? • Closure of the Mississippi and Illinois Rivers • Truck traffic in St. Louis would increase by 200% • Traffic delays would increase by almost 500% • Injuries and fatalities on Interstates would increase by 36% to 45% • Maintenance costs would increase by 80% to 93% • Source: National Waterways Foundation

  8. Lost Revenue to Barge Companies from Lock Closures ($ millions): Lock2 Weeks1 Month3 Months1 Year LaGrange $3.6 $5.6 $4.3 $104 Lock 20 $5.1 $15 $33.3 $150 Lock 25 $5.1 $14.2 $32.4 $162 Markland $2.2 $4.7 $7.3 $11 Lock 52 $17.2 $26.1 $68 $71.5 Note: Amounts are in millions Source: Soy Transportation Coalition

  9. But That’s Not All… Add in the additional cost of production to farmers, and the total annual cost for a closure of Lock 25 in Winfield, MO is: $208 million annually Who pays? You do!

  10. Questions? Dennis Wilmsmeyer President, Inland River, Ports and Terminals Executive Director, America’s Central Port (618) 452-8439 | office (618) 781-6833 | mobile dwilmsmeyer@americascentralport.com

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