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Edition:Final report
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Abstract:M-55 Marine Highway Corridor Study: The Heart of Illinois Regional Port District and Missouri Department of Transportation jointly sponsored the M-55 Marine Highway Corridor Initiative in order to develop marine intermodal transportation services on the United States’ Mississippi and Illinois Rivers. As a part of that Initiative, a study was commissioned to identify regionally significant industries in the Peoria, Illinois area that would consider shifting their freight transportation providers from trucks to container or roll-on roll-off (Ro/Ro) marine vessels. Local equipment manufacturing firms and agricultural producers were identified as potential customers for a Ro/Ro or container-on-barge service, as their cargoes have dimensions or weights that are relatively expensive to ship over the road and may not fit with dimensions allowed on rail. The study team developed a business and operational plan for a Ro/Ro and container-on-barge service with weekly departures that meets those shippers’ service requirements. That business plan appears financially feasible if its vessel utilization forecasts are met. However its prospects for success would be improved by securing return cargoes for transport to the Peoria area (i.e., backhaul), developing a purpose built container vessel (i.e., self-articulated barges), and financing needed port equipment. Governmental assistance in designing and financing those vessels, as well in funding the needed port equipment, could expedite the deployment of a service along the M-55.
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