Analysis of the Value of Texas Seaports in an Environment of Increasing Global Trade

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Analysis of the Value of Texas Seaports in an Environment of Increasing Global Trade

P. Siegesmund / J. Kruse / J. Prozzi / R. Allsup / R. Harrison

This study undertook an economic impact exercise for all Texas ports, updated a similar study done a decade earlier, and so assisted TxDOT with incorporating the most recent marine port impacts into their state transportation planning. The study was awarded to a joint CTR-TTI team but work did not begin until the scope was clarified by TxDOT, following concerns expressed by some members of the Texas Ports Association (TPA). Almost all the larger Texas ports had undertaken economic impact studies and were understandably concerned about any new study providing different answers. This was highly likely as economic impact output is influenced by the timing, scale, and specifications of each study. Accordingly, it was agreed that where a Texas port had already completed an economic impact study, the results would be reported to TxDOT in this project. The work also provided both a forecast of container growth at Texas terminals and an estimate of the economic impact of Texas ports on the U.S economy.