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October 15 2018

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October 15 2018 | The Journal of Commerce 53 SPECIAL ADVERTISING SECTION OF THE JOURNAL OF COMMERCE MEMPHIS TRADE SPECIAL ADVERTISING SECTION OF THE JOURNAL OF COMMERCE THE EFFICACY OF inland ports is supported by the number being opened by deep-water ports. Driven by the need to optimize terminal efficiency, seaports are eager to mitigate the threat of on-port congestion by transferring boxes as quickly as possible to strategically situated inland hubs, in some instances even outside the borders of their home states. "There are more and more pressures on port cities to deal with congestion issues. They have to look at ways to prepare a release valve," explained Richard McDuffie, chief operating officer for Dunavant Global Logistics Group. Layer on similar ventures by regional development authorities, government entities, and private developers, and the proliferation is in full swing. It's a win-win-win situation. Ocean ports maximize terminal, equipment, and manpower utilization. Inland ports enjoy the economic impact, job creation, and tax revenues associated with increased freight activity. Shippers improve overall transit time by reducing the time containers are tied up at port in all- to-common coastal congestion. "Even though many ocean carriers are reluctant to have their containers moved to inland points, in many instances, shippers are able to negotiate preferential all-in rates to inland destinations," McDuffie added. With its enviable infrastructure featuring access via airport runways, interstate roadways, rail networks, and the mighty Mississippi River, perhaps no other location in North America can match the logistics diversity of the inland port of Memphis, Tennessee. Known as "America's Distribution Center," the city and region boast long-established resources to handle cargo efficiently, noted Mark H. George, chairman of Memphis-based drayage and logistics service provider IMC Companies. "Our workforce includes more experienced logistics workers per capita than any other top 100 US city. Memphis' low cost of living also makes it attractive," he added. Since 1995, Memphis International Airport has been the busiest cargo handler in North America and second-busiest in the world. In 2017, the airport handled 4.33 million metric tons of cargo. Much of this activity is attributable to its location as a global hub for FedEx, the world's busiest freight-parcel carrier, as ranked by AirCargo News in July (according to IATA 2018 World Air Transport Statistics). No. 3 cargo carrier UPS and seven other all-cargo airlines also serve Memphis. The airport is virtually weatherproof with 99.5 percent uptime. This combination of advantages compels shippers to locate in proximity to the airport to take advantage of extensive lift capacity and latest possible cutoffs. "Shippers regularly establish distribution centers in Memphis because it gives them easy access to an airport that can ship their cargo around the world," George said. Highway connectivity in the region is unparalleled. "Not many US cities can offer access to 80 percent of the population of the country in one truck day," McDuffie said. Interstate 40, the nation's third-busiest trucking Trade Nexus Inland potential expands in Memphis By John Powers

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