b'DECEMBER 20, 2021FEBRUARY 13, 2022ANALYSIS & PERSPECTIVE7A Kodak moment for automotive -Railroads converting to and not in a good way for somebatteries could save $94 billion in two decadesIs the automotive industry on the precipice of being trampled by the forward march of technology?Berkeley National Lab says, U.S. Class 1 railroads converting to batteries could save $94 billion over By Thomas Kowal, Vice President of Business Development, Seraph 20 years and reduce pollution.Oneofthemostrecog- of its total sales during 2020,By Stas Margaronis, AJOTnizable names in cameras is2021,2022,andseverely Kodak, and one of the mostimpacting the profitability ofIf U.S. Class 1 railroadsThereportarguesthe recognizable taglines in con- an industry plagued by highconvert from diesel locomo- Class 1 railroads can become sumerproducthistoryisacapital costs. tivestobatterypower,theyaleaderinbattery-powered Kodakmoment.CoinedSupplierswillcontinuecansave$94billionoverconversion for freight trans-by company founder Georgeto struggle to survive reduced20yearswhileconsumingport because of the fuel-effi-Eastman in 1892, the phrasesales volumes and at the samehalf the energy consumed bycient nature of their long-haul grewintoabroadlyusedtime shift their product port- diesel trains, according to aoperations:Thefreightrail metaphorfortheperfectfolio to Battery Electric Vehi- Lawrence Berkeley Nationalsector is three to four times moment,asoon-to-becher- cles (BEV) and bear the costLaboratory report. morefuelefficientthan ished memory worthy of thetorightsizetheircompany.Thereport,Economic,road-basedfreight,onaver-consumersuseofcameraBEVsuseapproximatelyenvironmental and grid-resil- age.Thisadvantagepro-filmandsubsequentdevel- 30%fewercomponents,soiencebenefitsofconvertingvidestrainswithamargin opmentcosts(someofyouThomas Kowal ifyourcompanyhasnotdieseltrainstobattery-elec- for adding the battery-related may even remember the tinysupplychainconstraints,already redefined its producttricwaspublishedintheweight,volumeandenergy Kodak developing huts foundcausing the automotive indus- (KODAKcontinued onNovember,2021issueof(SAVEcontinued on in parking lots). try to lose approximately 25%page 10) Nature Energy.page 9)Thefilmcameraindus-try started taking off in the 1950s, peaking at 33 million annual cameras sold in 1999. Shortlyaftercametherise of the digital camera, caus-ing film camera sales to fall toalmostzeroin2007-a remarkable decline in under 10years.Inturn,thedigi-talcamerapeakedin2012 with 120 million units sold,New York New Jersey Foreign Freight Forwarders and Brokers Association Namesand within the past 9 years, hasbeendecimatedbytheJohn Nardi, President New York Shipping Association as its "2022 Person of the Year" smartphone.Subsequently, a Kodak moment now hasMr.NardiwillbehonoredatourAssociationsAwardsDinneron a second meaning - a busi-ness category that is on theThursday February 3, 2022 6PM at the Hyatt Regency Jersey City on precipice of being trampled bytheforwardmarchoftheHudson. technology,devastatingfor thosecompaniesthathaveJohn Nardi was appointed President of the NYSA in 2013, after serving failed to keep pace.All this to say. the auto- as Executive Vice President since 2012. John played a key role on the motiveindustryiscurrently2012NYSAbargainingcommitteeasitengagedinatwelve-month having a Kodak moment.There is going to be a lotnegotiation period with the International Longshoremans Association ofexcitementanddramain the automotive industry over(ILA).Thesedeliberationsultimatelyresultedinastrongsix-yearthe next 10 - 15 years. Indus- contract agreement followed by another six-year agreement in 2018. try leaders are no longer ques-tioning the reality of the shiftThroughouttheseagreementsthePortofNY&NJhasseenrecord to electric vehicles (EV), as investmentsfromtheorigi- growth. nal equipment manufacturers (OEMs)areclearlyshow- This event is one of the largest international transportation functions ingtheirintention.Start-ingin2023,itisestimatedin the United States.Our Membership Directory / Journal isthat 35% of all new vehicledistributed at the dinner and a bonus mailing totaling more than 500 launchesinNorthAmerica will be majority battery elec- targeted industry recipients.We invite you to showcase your company tric vehicles and some hybrid electric vehicles. From there,S p o n s o r s h i p s :use this gala occasion to entertain your customers and colleagues at our "NEW VENUE in in this prestigious publication andthenumberofvehicleplat-formswithelectrificationJersey City.Benefit from the industrywill only increase.loWer To exposure and recognition of one of our sponsorshipn orTha Mericas willbepackages, Tables, Tickets, Ads and more included\x03e lecTrifyNorthAmerica slower to electrify comparedA d v e r t i s i n g : Showcase your company with anDetails & ReservationstoEuropeandChina,but evenconsideringaslower transformation,expertsareAd in our Journal, multiple Ad sizes available\x03 www.nynjforwarders-brokers.org predicting that approximately 35% of cars manufactured inT i c k e t s : Purchase a Table or Individual Tickets [email protected] North America in2030will bebatteryandhybridvehi-cles. This substantial changeyour Colleagues, Partners and Clients\x03 732.741.1936 is coming on the heels of the COVID pandemic, semicon-ductorshortageandother'