Saint Lawrence Seaway Development Corporation published its 2018 study of the economic impacts of shipping in the Great Lakes-St. Lawrence region. According to the report, cargo moved on the Great Lakes – St. Lawrence Seaway System in 2017, totaled 143.5 million metric tons valued at US$15.2 billion/C$19.8 billion.
The 2018 study Economic Impacts of Maritime Shipping in the Great Lakes-St. Lawrence Region provides an assessment of the contributions made by the Great Lakes-St. Lawrence region to the state, provincial, regional and national economies.
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Namely, cargo moved on the Great Lakes St. Lawrence Seaway System in 2017 totaled 143.5 million metric tons valued at US$15.2 billion. This waterborne trade supported 237,868 US and Canadian jobs and generated $35 billion in economic activity, $14.2 billion in personal wage and salary income and local consumption expenditures.
In addition, $8 billion were generated in local purchases, and $6.6 billion in federal, state/provincial, and local tax revenue. Commerce in the St. Lawrence Seaway supported 92,661 jobs and $12.9 billion in economic activity, while the Soo Locks supported 123,172 jobs in the US and Canada and $22.6 billion in economic activity.
Three vessel-operator communities serve the waterway. These include US domestic carriers transporting cargo between ports on the Great Lakes, Canadian domestic carriers operating between ports on the Great Lakes and the St. Lawrence River and Canadian coastal waters, and ocean-going vessel operators, which operate between the region’s ports and overseas destinations. These carriers serve more than 110 system ports located in each of the eight Great Lakes states and the provinces of Ontario and Quebec.
See more in the following PDF
