Panama Canal turns 100

Panama Canal turns 100

CBS: Today marks the centennial anniversary of the opening of the Panama Canal, an engineering marvel that permanently changed world trade.

And now the Panama Canal is in the midst of another transition -- a $5.25 billion expansion project that began in 2007. As the Brookings Insitution recently noted, if the construction is completed as expected next year, "larger container ships will expand potential trade volumes between the Americas and Asia -- and more seamlessly connect global markets in the process."

Read more here.