Analysis
K E Y N O T E
I N T E R V I E W
Moving transport into the fast lane
Competition for transport infrastructure assets can be intense, but North America still offers attractive long-term opportunities, says Fengate’s Darcy Wilson If anyone wondered whether transport would remain critical in an age defined by digital technology, the covid-19 pandemic and subsequent shifts in global supply chains have removed any nagging doubts. The global economy has, and likely always will, depend on well-functioning highways, railways, sea ports and airports. Darcy Wilson, managing director for transportation at Fengate Asset Management, explains the myriad ways to invest in the sector, noting that nearshoring has further boosted demand for transport infrastructure across many geographies.
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Infrastructure Investor
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March 2026
SPONSOR
FENGATE
Q
How significant is the need to invest in transport infrastructure in North America?
There’s a massive need for infrastructure investment in the US. Transport is a huge component of the domestic economy. It’s critical to the movement of people and goods, and accounts for more than 9 percent of GDP as well as more than 750,000 companies across the country. Transport provides broadbased exposure to the entire economy
of North America. Considering that, the opportunity set is huge. One of the benefits of investing in this asset class is that it’s tangible – transport is critical and essential to the everyday lives of people and businesses. When you get on the highway, go through an airport, or when you have packages delivered to your home, that’s all enabled by transportation infrastructure. Today, there’s a lot of excitement about data centres. But there are also question marks about whether that’s a potential bubble. In contrast, with transportation there’s broad acceptance that these assets are essential. There’s