/javascript" src="../static/js/analytics.js"> CalTrade Report - SoCal Rail Corridor a Prime Target for Terror - SoCal Rail Corridor a Prime Target for Terror - Alameda Corridor East shutdown would cost economy $414 million per day, report says CalTrade Report Asia Quake Victims The Southern California rail network is the nation's primary gateway for two-way international trade moving about $116 billion worth of goods in 2002. - The Southern California rail network is the nation's primary gateway for two-way international trade moving about $116 billion worth of goods in 2002. - SoCal Rail Corridor a Prime Target for Terror  - SoCal Rail Corridor a Prime Target for Terror

 

Tuesday, June 13, 2006

 

Become a CalTrade Member--It's Free!
Front Page
Page Two
PR Newswire
Opinion
Profiles
Trade Leads
Calendar
Mission
Editor
Press Releases
Partner Orgs
Advertise Opp.
Contact Us
Int.Time Clock
Currency Calc
Cal Links
Free Services


Our Car

Front Page

E-mail PagePrint Version



SoCal Rail Corridor a Prime Target for Terror

Alameda Corridor East shutdown would cost economy $414 million per day, report says

LOS ANGELES - Foreign terrorists have put a high priority on attacking strategic rail corridors, such as the Alameda Corridor East, because of the impact such attacks would have on the economy and the ability of the military to mobilize.

According to a report recently published by the Los Angeles Economic Development Corp. (LAEDC) and the Rand Corporation, a shut-down of the Alameda Corridor East - one of the country's most important intermodal-rail lines - would cost the US economy a staggering $414 million a day, while a month-long closure would cost more than $12.4 billion.
?
"Southern California has become the nation's primary gateway for two-way international trade," said Christopher Becker, executive director of the Orange North-American Trade Rail Access Corridor. "The Alameda Corridor East rail lines moved about $116 billion in goods based on the manufacturer's value in 2002."

The Alameda Corridor East system carries 16% of the nation's freight by tonnage and 6% by value.

According to sources, more than a third of the nation's waterborne container traffic moves through the Port of Los Angeles and the Port of Long Beach, which, if combined, would form the third largest port complex in the world.
?
Currently, about 40% of those containers are shipped by rail via the Alameda Corridor East to points throughout the US.
?
More than 35,000 trains - many of them a mile or more in length - move through Southern California every year, carrying considerably more than $100 billion worth of goods and 60 million passengers."

Since 1998, there have been 90 attacks on trains and rail networks overseas, and a handful in the US, the report said.
?
"Although the freight rail network has not yet been exploited by any substantial acts of terrorism, recent FBI warnings about al-Qaida's apparent interest in rail attacks should be cause for concern," the report said.
?
The nation's rail network, it said, "is vulnerable, with 143,361 miles of track, over which much of the traffic that flows is scheduled, predictable and impossible to secure."

About 40% of the country's inter-city freight, half of its hazardous materials and more than two-thirds of the coal used to generate electricity is moved by rail with nearly 200 military installations requiring access to commercial rail lines.

"With this much potential economic disruption, the federal government must consider providing a specific new funding category for strategic rail trade corridors in their next Transportation and Homeland Security reauthorizations," said Wally Baker, senior vice president of the LAEDC, commenting on the report.

Go back, or read the latest Front Page stories:

US Seeks Stronger Ties With Brazil

WASHINGTON, DC – 06/13/06 – Rebounding from the failure to craft a Free Trade Area of the Americas pact, the Bush Administration is aiming at strengthening trade ties with Brazil in an effort to counter China’s fast-growing economic influence in Latin America; China should not only be seen as an export market with 1.3 billion consumers, but also as a nation of 1.3 billion ''new competitors,'' says US Secretary of Commerce Carlos Guittierez.


US Threatens WTO Action Against China

WASHINGTON, DC – 06/10/06 – The White House is threatening to slap China with a World Trade Organization case unless Beijing responds quickly to US concerns over its lack of action on securing intellectual property rights for US products; talks on bringing the WTO case are at a ''very advanced stage,'' according to a high level official in the Office of the US trade Representative.


High Hopes for Central American Trade Pact

WASHINGTON, DC – 06/08/06 – The US -Central American Free Trade Agreement (CAFTA) still faces some hurdles, but could become a reality ''very soon,'' according to Deputy Secretary of State Robert Zoellick; the issues relating to government procurement, intellectual property rights and agriculture still need to be worked through, says the former US Trade Representative following a session of the Organization of American States (OAS) General Assembly in Santo Domingo, Dominican Republic.





 

 


Web Design & Development by Turn-It-Digital in Los Angeles