Hyperlogistics Group in Columbus, Ohio Welcomes the Completion of the Panama Canal Expansion Project
In 2014, a $5 billion widening project of the Panama Canal will bring more imports directly to the U.S. eastern coast, fueling the growing competition between East and West Coast seaports.
COLUMBUS, OH, April 29, 2011
West Coast ports are currently the main entry point for shipments from Asia to the US. Once shipments arrive at ports such as Seattle and Los Angeles, they are transported to the larger consumer markets on the East Coast by rail or by road. This could change dramatically when the expansion of the Panama Canal is completed.When the project is completed, the bottleneck of the existing canal will be removed and will accommodate today's modern, longer and wider ships, and will effectively double the volume of cargo travel to Panama each year. The East Coast ports are expanding their waterways to prepare for the additional container cargo traffic. The Port of Virginia is one of the only U.S. East Coast ports with the already existing capability to handle today's larger vessels, and is already prepared for the waterway's expansion.
Adding fuel to the East Coast and Midwest market, a rail system, capable of double stacking containers, from The Port of Virginia has been completed. The Heartland Corridor project (Norfolk Southern rail system) was completed in 2010 and opened the pathway from The Port of Virginia to the Norfolk Southern rail terminal in the Rickenbacker Global Logistics Park in Columbus, Ohio. The $191 million project included enlarging tunnels through mountains and raising bridges in other places. The corridor allows travel between the port of Norfolk, Va., and Columbus in 25 hours with double stacked containers.
The Hyperlogistics Group, a third party logistics provider, is strategically located adjacent to the Norfolk Southern Rail Terminal and Heartland Corridor. A special overweight road system, legally handling containers loaded to capacity (58,000 to 62,000 pounds), travels to and from the Hyperlogistics facility; thus, eliminating the cost of adjusting the weight onto trucks and creating multiple loads for the public highway system. In addition, Hyperlogistics can pick up inbound containers, off-load and store in their facility the same day of arrival at Rickenbacker, thus filling orders the next day.
Hyperlogistics is excited about the future. Additional import and export traffic upon the completion of the Panama Canal project will allow consumers a considerable cost savings to their shipping costs and transit time from The Port of Virginia. Hyperlogistics wants to maximize these savings and increase consumer's profit!
About Hyperlogistics Group
Hyperlogistics Group, established in 1973, is a full-service third party logistics and transportation provider and Foreign Trade Zone operator with national headquarters in Columbus, Ohio. Hyperlogistics provides highly-monitored and measured services to a broad range of industries from automotive and light industrial to food and medical items. Working closely with each depositor, Hyperlogistics constantly develops improved operational plans to maximize productivity and reduce supply chain costs. For additional information, please visit http://www.hyperlog.com or phone Geoff Manack at 614-497-0800.