Port NOLA FTZ Expansion Boosts Cargo: Rail Logistics in Louisiana

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Introduction

The U.S. Department of Commerce has approved the Port of New Orleans (Port NOLA) application to expand its No. 2 foreign trade zone (FTZ) service area to include St. Tammany Parish, Louisiana. This expansion, a collaboration with the St. Tammany Economic Development Corp. (EDC), is expected to boost cargo traffic through Port NOLA. The FTZ already encompasses Orleans, Jefferson, and St. Bernard Parishes.

Expansion Details

The Port of New Orleans’ No. 2 FTZ service area will now include St. Tammany Parish, Louisiana, following approval from the U.S. Department of Commerce. This expansion is designed to facilitate increased cargo volume through Port NOLA.

Partnership for Growth

The Port of New Orleans collaborated with the St. Tammany Economic Development Corp. (EDC) to secure the expansion of the FTZ. This partnership aims to leverage the FTZ designation to stimulate business growth and enhance logistical capabilities within the region.

Current FTZ Coverage

The existing No. 2 FTZ of Port NOLA currently serves Orleans, Jefferson, and St. Bernard Parishes. The recent approval extends the zone’s benefits to include St. Tammany Parish.

Industry Impact

Russell Richardson, president and CEO of the St. Tammany EDC, stated that the designation strengthens connections to global markets and reinforces St. Tammany’s role as a key hub for commerce and logistics in southeast Louisiana. The expansion aims to create opportunities for businesses to grow, improve supply chains, and contribute to Louisiana’s economic prosperity.

Conclusion

The Port of New Orleans has received approval to expand its No. 2 foreign trade zone to include St. Tammany Parish, Louisiana. This expansion, a result of a partnership with the St. Tammany Economic Development Corp., is anticipated to increase cargo traffic and provide new opportunities for businesses in the region. The New Orleans Public Belt Railroad provides switching services to the port.

Company Summary

Port of New Orleans (Port NOLA): The Port of New Orleans is a port authority that manages port operations and facilitates trade in the New Orleans area.

St. Tammany Economic Development Corp. (EDC): The St. Tammany Economic Development Corp. is an organization focused on promoting economic development within St. Tammany Parish.

New Orleans Public Belt Railroad: The New Orleans Public Belt Railroad provides switching services to the port and connects it to all six Class Is.

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