Landlocked Indiana? Hardly! Ports have major impact on local economy
Nearly 15 million tons of cargo passed through Indiana ports last year, easily the most ever in the 58-year history of the ports
August 14, 2019
- Nearly 15 million tons of cargo passed through Indiana ports last year, easily the most ever in the 58-year history of the ports. This was more than a 20.0 percent increase from the previous highwater mark of 12.2 tons set in 2015 and more than a 25.0 percent increase over last year. Further, the port system has now handled more than 10 million tons for a record-extending fifth consecutive year.
- Ports of Indiana now ranks 17th in the nation in maritime shipping by tonnage and is estimated to have an almost $8 billion impact on the Hoosier economy. As interstate congestion rises and the truck driver shortage deepens, the ports will continue to emerge as a viable shipping alternative.
- Critically needed investment in the ports is underway to meet this increased demand. Upgrades to existing infrastructure at all three Indiana ports has already occurred. Federal grants have also been secured to aid in expansion projects at Burns Harbor and Jeffersonville and work should begin before year-end.
Source: JLL Research; Ports of Indiana