“The report is the only study done so far on the threat of terrorism on strategic rail corridors,” said Christopher Becker, executive director of Orange North-American Trade Rail Access Corridor (OnTrac) Joint Powers Authority in Los Angeles.
“We believe that Al Qaeda’s apparent interest in rail attacks should be a call to action,” said Elsa Lee, chief executive officer of Advantage SCI in Redondo Beach, Calif. Lee contributed to the survey as a counter terrorism expert.
The Madrid bombings “have sent shock waves” through “rail security systems around the world,” Becker said.
The survey, titled “OnTrac Trade Impact Study: National Economic Significance of Rail Capacity and Homeland Security on the Alameda Corridor East,” was produced by Los Angeles County Economic Development Corp. (LAEDC). The report documents the economic cost of a disruption of service in the corridor, which extends inland from the ports of Los Angeles and Long Beach.
“The cost of shutting down the Alameda Corridor East represents a $414-million disruption value each day that it is shut down. A 10-day disruption due to a terrorist attack would cost $4.1 billion, and a closure of 30 days’ duration would cost $12.4 billion,” said Greg Freeman, director of public policy for LAEDC.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now