The economic beneficiaries of the FastShip revolution represent a wide constituency:

  • Consumers get a greater choice of goods, cheaper goods, timely access to goods
  • Corporations get improved competitiveness and strategic options in global supply chain design—results in speed in responding to markets, lower risk access to new markets, working capital reduction. In other words, more productivity!
  • Nations get economic development

Job creation and other economic benefits of FastShip will be significant:

  • Global corporations, as customers of the FastShip service, will benefit from substantially enhanced productivity by having access to a breakthrough technology to streamline their supply chains.
  • The Philadelphia region, because it is the exclusive site of the FastShip North American terminal, will see the creation of 7,500 new jobs, both direct and indirect, including light manufacturing, distribution, assembly, and support functions of this logistics network. The network will quickly expand to a daily service with a corresponding increase in jobs created.
  • The FastShip network will reconstitute the Port of Philadelphia into a world-class, competitive transportation hub. In addition, the road, rail, and air industries will be revitalized to accommodate the network. The region will benefit from a new image of a 21st century innovation that will attract additional business.
  • The Cherbourg region, because it is the exclusive site of the FastShip North European terminal, will see a similar job creation benefit as Philadelphia will.