PCCA Journal|2
nd
Quarter 2013
13
FS3, Inc. would like to say thank you to PCCA members who have supported us and to the associates
shown below who have worked with us these past 10 years! We couldn’t have done it without you!!!
Celebrating
Years
CORPORATE OFFICE: 9030 64th Street NW - ANNANDALE, MN 55302 | 320-274-7223 |
Now serving you from three locations: Minnesota, Missouri and Texas!!!
and the growth of natural gas as a primary fuel source?
Trend 5: Private investment in U.S. transportation and
port infrastructure
Oil transportation via truck and rail is scaling rapidly. Oil and
petroleum transported by rail grew 46 percent in 2012. Nine
new coal export facilities are planned in the U.S., and five ex-
isting plants are undergoing expansion. There are at least five
new export terminals in the permitting process, two newly
approved LNG storage terminals in Mississippi, and several
more on the horizon. The total investment in intermodal
transportation and port infrastructure totals in the tens of
billions of dollars.
• How can design and construction firms that lack intermo-
dal transportation, marine, and port infrastructure experi-
ence participate in these markets?
Conclusion
The previous recession was severe, and the recovery for the
engineering and construction industry has been slow. How-
ever, the potential for a sustained recovery led by private-
sector investment in energy infrastructure is becoming more
of a reality each month. The idea that North American energy
independence is achievable has major geopolitical implica-
tions for our country. The fact that the U.S. is on the verge
of being a net exporter of oil and gas to energy-dependent
and fast-growing developing countries makes U.S. industry
globally competitive and could very well be the solution to
our national debt, trade deficit, and employment challenges.
Knowing that the U.S. engineering and construction firms are
primary beneficiaries of these emerging trends is reason to
be optimistic that a strong recovery for our industry is under
way.
W. Chris Daum is a senior managing director at FMI Capi-
tal Advisors, Inc. He can be reached at (919) 785-9264 or
Reprinted with permission from FMI Corporation, (919) 787-
8400. For more information, visit
or call
Sarah Avallone at (919) 785-9221.
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