Logistec Signs on for 10 Years at Cleveland Bulk Terminal

Posted by Eric Haun

Logistec Corporation subsidiary Logistec USA Inc. has signed a
10-year agreement with the Cleveland-Cuyahoga County Port
Authority to operate the Cleveland Bulk Terminal as of April
2017.

Cleveland Bulk Terminal handles dry bulk commodities, principally
iron ore pellets destined for steel production on the Cuyahoga
River Ship Channel and limestone destined for Ohio power plants.
The 45-acre facility began operating in 1997 and is located on
the outer harbor of the Port of Cleveland, west of the mouth of
the Cuyahoga River. The terminal is directly serviced by Norfolk
Southern railroad.

"Cleveland Bulk Terminal will become a significant part of our
network along the Great Lakes and St. Lawrence Seaway," said
Madeleine Paquin, President and CEO of Logistec.

"The Port of Cleveland is looking forward to working with
Logistec to support our commercial goals, increase bulk volumes
and diversify our cargo base. We were looking for an experienced
partner whose primary business is cargo handling," said William
D. Friedman, President and CEO of the Cleveland-Cuyahoga County
Port Authority. "Logistec also has a strong financial record and
a reputation within the industry for providing value-added
services to bulk customers."

Logistec has been operating in the U.S. for more than 20 years
and handles dry cargo at 10 ports and terminals along the East
Coast. These activities include: containers, steel, steel scrap
and project cargo in Port Manatee, Florida; steel, lumber and
salt in New London, Connecticut; and various bulk products
(notably biomass) in Brunswick, Georgia. Through its
subsidiaries, Logistec also handles forest products in Baltimore,
Maryland (BalTerm) and operates port logistics facilities
adjacent to the Port of Virginia (CrossGlobe).

Mar 3, 2017

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