The Dynamics of U.S.-Asian-South American Waterborne Trade and the Panama Canal Expansion: Their Anticipated Impacts on Texas Ports and the State’s Economy

This report examines noteworthy aspects of U.S.-Asian and U.S.-Latin American trade, particularly the present and likely future roles of Texas ports and the Panama Canal. The purpose is to identify opportunities and challenges faced by the State of Texas and its ports in competing for international trade. The role of Texas ports within the larger U.S. economy is examined, and developments in the Texas energy sector noted. The research team collected information from and conducted selected interviews with Texas port officials and individuals involved with various modes of transportation, such as ocean carriers, the Panama Canal Authority, shippers, consultants, international organizations, research institutes, and the like. The report addresses the Texas Department of Transportation’s (TxDOT) role in maintaining functional, economically healthy ports and responding to the canal’s expansion.