THE Port of South Louisiana CEO Paul Matthews has announced that it has entered into a Purchase and Sale Agreement with T Parker Host to purchase Avondale Global Gateway, reports the American Journal of Transportation.
As the Western Hemisphere's second largest tonnage port, Port SL is an elite player in global shipping markets and the acquisition of this 254-acre global logistics hub along the Mississippi River will allow the port to be more competitive in traditional international trade and focus on the new frontier of renewable energy development.
A former shipyard, T Parker Host has transformed Avondale Global Gateway into a centre of multimodal commerce and combines river, road, and rail connections with ample storage and laydown space with a strategic location on the West Bank of the Mississippi River.
Accommodating ships, barges, rail, and trucks, the site offers immediate access to regional and interstate highway systems and is positioned at the interchange of six Class I railways, creating the capability to distribute cargo in all directions.
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