National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Industrial  | 

Panama Canal Expansion Drives East Coast Port Boom

The expanded Panama Canal is reshaping trade routes since completion in June 2016 of the $5.4-billion, nine-year project. The larger locks have handled more than 2,000 vessels previously too big to pass through the canal.

In addition to increased toll revenue, a trading boom has emerged for U.S. East Coast ports, which made investments to handle the larger cargo ships. The Panama Canal is attracting ships away from the Suez Canal, which has experienced a sharp drop off. Ports on the West Coast have also seen container volume slip.

The Panama Canal’s transiting tonnage has increased by nearly 23% this year, driven in part because it can be cheaper for inland importers to bring products from Asia to ports like New York, Savannah, GA, and Charleston, SC. Roughly two-thirds of goods into the U.S. from Asia had previously been moved by rail and truck from West Coast ports.

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at Wall Street Journal

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

Step 1: Select Education
New call-to-action
New call-to-action