WEDA Eastern Chapter Annual Meeting Revitalization of the Working Port of Boston October 10, 2017
The Port of Boston is Vital to the Regional Economy The Port of Boston: A Major Contributor to the Regional Economy The Port Compared to Boston s Largest Employers $4.6B economic impact 50,000 total jobs 7,000 direct jobs Federal tax revenues of $203M State & local tax revenues of $136M 1,600 businesses use the port Source: Boston Redevelopment Authority, Largest Employers in the City of Boston, November 2013. Martin Associates, Economic Impact of the Port of Boston, 2014. 2
Economic Activity at the Working Port Total TEUs at Conley Terminal Total Ship Calls at Flynn Cruiseport Boston 260,000 250,000 240,000 230,000 220,000 210,000 200,000 190,000 180,000 170,000 160,000 FY 14 FY 17 160 145 130 115 100 85 70 55 40 25 10 CS2016 CS2017 (Est) Fish Pier Seafood Space Occupancy Percentage Total Cars Processed at Autoport 100 80,000 90 79,000 80 78,000 70 77,000 60 76,000 50 75,000 40 74,000 30 73,000 20 72,000 10 FY 14 FY 17 71,000 FY 15 FY 17 3
Conley Terminal is New England s Only Full-service Container Terminal Global access for the area s businesses and industry as well as its 14 million consumers Shipping Lines: MSC, Maersk, Ocean Alliance, THE Alliance Weekly Service to/from Asia, North Europe, Mediterranean and Latin America 1/3 of New England bound cargo moves through Conley Efficient connectivity to interstate highway system Center of international commerce Top Imports: Seafood, Furniture, Beverages & Spirits, Plastics Top Exports: Paper, Logs & Lumber, Scrap Metal, Seafood Import To Export Ratio = 1.4:1 A diverse collection of companies use Conley Terminal to import and export their products Top Customers: IFP (Kraft), America Chung Nam, Schnitzer Steel, Heineken, Christmas Tree Shops, BJs Wholesale Club, Ogo Fibers, Ocean Spray, Jordan s Furniture 4
Williamstown Steinerfilm Pittsfield King City Forwarding Interprint Inc Primitive Artisan Conley Terminal Keeps MA Businesses Competitive Orange Pete s Tire Barns Seaman Paper MBW Inc. Easthampton Chemetal National Nonwovens Shrewsbury Metso Automation USA Industrial Polyester Chemicals Lawrence New Balance East West Furniture 3M Company Hudson AIS Billerica EMD Millipore Orbotech Inc Haverhill Boston Granite Exchange Cedars Mediterranean Foods Cabot Co. Wilmington Yusen Logistics Watertown Roma Tile Company Lowell Evoqua Water Technologies Vector Stone LLC Danvers Prova Inc Inkcups Now Peabody Expeditors Int l Boston Stavis Seafoods BOC Int l Casella Waste Systems Everett Fedex Trade Network Schnitzer Steel Chicopee Disston Company Essentra Porous Technologies Leoni Wire Springfield Astro Chemicals PSI 91 Worcester Allegro Microsystems Absolute Machinery Columbia Electrical Contractors Napac Inc. Primetals Technologies Saint Gobain Abrasives Webstone Company A Schulman Custom Compounding Westborough BJ s Wholesale Club Atosa Catering Equipment Framingham Atlantic Importing Vineyard Road Inc Global Wines Inc. Norton Horizon Beverage Bernie and Phyl s Autopart Int l Foxborough International Forest Products (Kraft) Northtimber Cabinetry Mansfield Rolf C. Hagen Franklin Chemical Solutions Brockton Concord Foods Micro Wire Products Athena Int l Foods Astro Int l East Taunton Jordan s Furniture Quincy Global Flooring Stran Company Canton Akers Industries CH Powell Avon Ruby Wines New Bedford Eastern Fisheries Ahead Inc. Mariner Seafood LLC Saraiva Enterprises Map courtesy of MA Secretary of State Chelsea Boston Hides and Furs Weiss Rohlig USA ICG World Wide American Bag Carmichael Int l Middleborough Ocean Spray Christmas Tree Shops/ Nantucket Distributing 5
And serves shippers across New England 6
In FY17 Conley Terminal set its third 260,000 consecutive record for volume 250,000 240,000 230,000 220,000 TEUs 210,000 200,000 190,000 180,000 170,000 160,000 FY 13 FY 14 FY 15 FY 16 FY 17 7
Lack of Congestion: Shippers can get their cargo when they need it Average truck turnaround times at Conley Container Terminal during the past 12 months were approximately 32 minutes 8
Last summer, 8,500 TEU ships started calling Conley weekly 9
Maintenance Dredging began in July; Improvement Dredging slated to begin this Fall CAD Cell Location Area of Federal Channel Requiring Maintenance Dredging Existing Elev.: -32 MLLW Proposed Elev.: -40 MLLW Area of Federal Channel Requiring Improvement Dredging Existing Elev: -40 MLLW Proposed Elev: -47 MLLW $130M in local cost share 10
President s Budget: $58M Included for Dredging 11
Conley Terminal Planned Revitalization & Modernization Dedicated Freight Corridor New Berth With 3 New Cranes ($107.5M from Economic Development Bill) Existing Terminal ($42M FASTLANE Grant) Buffer Open Space 12
Technology Advancing at Conley Terminal 13
Over 6,000 Daily Truck Trips in the Seaport, Need for Truck Routes and Cypher and E Street Connection 14
Questions? 15