AWO Releases New Study on Tug & Towboat Industry
The American Waterways Operators has released a study documenting the contribution of the American tugboat, towboat and barge industry to the U.S. economy. The study, developed through a cooperative agreement between AWO and the Maritime Administration (MARAD) and conducted by PricewaterhouseCoopers (PwC), explores the industry’s economic contributions to employment, gross domestic product, and taxes at the national and state levels; details the types and quantities of vital commodities transported on American waterways; and compares waterborne transport toother modes of freight transport in terms of efficiency, environmental impact and public safety.
PwC also confirmed the relative efficiency of tug/towboat and barge transportation. One inland dry cargo barge can haul 1,750 tons of dry cargo, the equivalent of 16 bulk rail cars or 70 tractor trailers, with greater fuel efficiency and fewer greenhouse gas emissions, the consultants found.
AWO could not be prouder to unveil this PricewaterhouseCoopers study thoroughly quantifying what the dedicated men and women who make up the tugboat, towboat and barge industry have long known, from decades of first-hand experience,” AWO President & CEO Tom Allegretti said.