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Report Says Great Lakes Shipping Supports 227,000 Jobs & Generates Billions of Dollars
The Great Lakes Shipping industry has released the results of a study of the economic impacts of shipping in the Great Lakes-Saint Lawrence Seaway system. The study found that maritime commerce supported 227,000 jobs; contributed $14.1 billion in annual personal income, $33.5 billion in business revenue, and $6.4 billion in local purchases; and added $4.6 billion to federal, state/provincial, and local tax revenues. North American farmers, steel producers, construction firms, food manufacturers, and power generators depend on the 164 million metric tons of essential raw materials and finished products that are moved annually on the waterways. Additionally, marine shipping saves companies approximately $3.6 billion per year in transportation costs compared to the next least-costly land-based alternative.
U.S. Transportation Secretary, Ray LaHood, expressed support for the study results: “This report bears out what we’ve long known – that the Great Lakes-St. Lawrence Seaway is crucial to the U.S. economy. Not only is marine transportation the single most fuel-efficient and cost-effective way to haul goods from one place to another, but it also supports hundreds of thousands of essential jobs and generates billions of dollars in economic activity.”