Posted: July 27, 2017
New PwC study documents extensive economic contributions, efficiency of American tugboat, towboat and barge industryThe following article was released July 24 by the American Waterways Operators.
ARLINGTON, VA - The American Waterways Operators today launched a study documenting the contribution of the American tugboat, towboat and barge industry to the U.S. economy. The study, developed through a cooperative agreement between AWO and the Maritime Administration (MARAD) and conducted by PricewaterhouseCoopers, explores the industry's economic contributions to employment, gross domestic product, and taxes at the national and state levels; details the types and quantities of vital commodities transported on American waterways; and compares waterborne transport to other modes of freight transport in terms of efficiency, environmental impact and public safety.
Highlights from the PricewaterhouseCoopers study include:
"AWO could not be prouder to unveil this PricewaterhouseCoopers study thoroughly quantifying what the dedicated men and women who make up the tugboat, towboat and barge industry have long known, from decades of first-hand experience - the extent to which maritime freight transport serves as a critical pillar of the American economy. We are especially pleased to have partnered with MARAD to produce this invaluable resource, and we look forward to using it to educate policymakers, the media, and the public about the role this industry plays in fueling our nation's prosperity."
MARAD Executive Director Joel Szabat commented:
"The maritime industry enables the movement of goods and cargo quickly, efficiently, and at low cost between producers and markets along our nation's waterways. Waterborne commerce opened up our nation to trade and helped transform a fledgling democracy into the economic superpower it is today. Energy efficient water transport continues to play a pivotal part in our nation's transportation system and helps make America's economy more competitive."
The study, and AWO's press kit guiding readers through its findings, can be found at http://www.americanwaterways.com/.
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