Friday, June 24, 2016

$5.4-billion expansion of Panama Canal could reshape world trade routes

LA Times: "Ports on the East Coast and the Gulf of Mexico — including New York, Miami and Houston — have been frantically gearing up for a bonanza. They have deepened their harbors, expanded rail lines and installed massive cranes. The Port Authority of New York  and New Jersey spent more than $1 billion to raise the level of the Bayonne Bridge to allow the big ships to pass under the roadway."