Today when a consumer on the US east coast buys a Chinese manufactured product it is highly likely it was shipped across the Pacific to Long Beach, California and then trucked using diesel fuel via road or rail across the US.(The implication is that volume will move away from cross-country rail shipping, which would not be good news for Warren Buffett's latest investment).
Bloomberg has an interesting story on the effect the expansion of the Panama Canal could have on US railways. The canal expansion may be among the largest fuel savers for US consumers over the next 15 years.
Moving stuff efficiently
Morgan Downey:
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