Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Savannah was already the fifth-largest seaport according to volume in 2014. But the growth has continued. Savannah was already the fifth-largest seaport according to volume in 2014. But the growth has continued.

ATLANTA—After more than 10 years of dredging and construction, the $5 billion Panama Canal expansion opened over a year ago. The expansion doubled the storied canal’s capacity by widening and deepening the channels to make room for ships nearly three times the size of what would originally pass through. Panama Canal executives predict a 16% to 17% revenue increase in 2017.

At the same time, the retail industry is seeing a growing reliance on e-commerce. The e-commerce industry will surpass $2 trillion in revenues in 2017, according to a Forbes report. And market research firm eMarketer puts that figure even higher by 2020, predicting e-commerce sales will rise to $4 trillion by 2020 and account for 14.6% of all consumer retail spending.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Jennifer LeClaire


GlobeSt. NET LEASE Fall 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.