The Logistic Industry in South Florida

With more than a third of all US exports to Latin America passing through the state of Florida, Miami has earned its status as a ‘Gateway to Latin America’ and has become an important logistics center for international trade. The Miami International Airport serves over 40 million passengers per year, while the city’s port, Port Miami, has increasingly become an import-export center crucial to the state’s economy. Similarly, Fort Lauderdale’s Port Everglades serves as one of the world’s major cruise and cargo ports, as well as South Florida’s trade hub for petroleum products.

With the expansion of the Panama Canal, more international cargo ships will route to Miami, where dredging plans are underway to increase the port’s capacity to accommodate deep-draft vessels. The multi-million dollar project, which will deepen Miami’s channel to at least 50 feet, will create more than 30,000 jobs and substantially increase cargo traffic to the port. As one of the region’s most significant sources of revenue, Port Miami is an important long-term development strategy in the city’s role as a logistics hub for international trade.

As investment in the region continues to grow, multinational corporations are taking note and utilizing South Florida’s well-developed logistics infrastructure. It comes as no surprise that companies such as UPS, Microsoft, Hewlett Packard, and over 100 more have selected the region for their Latin American headquarters.

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