The North Carolina State Ports Authority and USA Investco plan to build a $13 million cold storage facility for near-vessel storage of imported and exported fruits and vegetables, meat and other agriculture products. The 75,000-square-foot facility is designed to be expandable to 300,000 square feet.
The facility will generate substantial savings for the state's agriculture industry by reducing logistics costs to and from ports, state officials said in a prepared statement. Farmers could use the Wilmington port instead of neighboring facilities in Norfolk, Va., Savannah, Ga, and Charleston, S.C. The Wilmington port is served by CSX Transportation and the Wilmington Terminal Railroad, which provides terminal switching services.
"North Carolina exports more than $3 billion worth of agricultural products each year. Upgrades to the Port at Wilmington will help our farmers and agribusinesses boost that number even higher," said North Carolina Agriculture Commissioner Steve Troxler. "The cold storage facility is a vital piece of infrastructure that our producers have needed for a long time."
Browse articles on North Carolina State Ports Authority on Progressive Railroading
- Commuter-rail service from Providence to Boston gives a transit-oriented development its
- Rail finance and leasing outlook: What are the key issues in 2013?
- Rail finance and leasing outlook: What has been the biggest change during the past 10 years? What will the next big change be?
- How the 2012 election results could shape rail industry issues
- Amtrak, California High Speed Rail Authority partner to buy new trains
- Association makes big contributions to small railroad industry over the past century
- Q4 2012 review: Signs that 2013 will be one terrific bridge year for the rails- analysis by Tony Hatch
- Progressive Railroading's 2013 Finance & Leasing Guide - Preface
- Banks - Rail Finance & Leasing Guide 2013
- Equipment Providers/Equipment Management Services - Rail Finance & Leasing Guide 2013
- Finance Companies - Rail Finance & Leasing Guide 2013
- Investment Banks - Rail Finance & Leasing Guide 2013
- Lessors - Rail Finance & Leasing Guide 2013
- Professional Services/Consulting - Rail Finance & Leasing Guide 2013
- Oil boom will sustain the economy, rail-car leasing sector in 2013 - by Toby Kolstad
- How track work components in the 'special' category are holding up to heavier loads
- Railroads should use their strong safety culture as a foundation for improving service and productivity (commentary)
- New rail-car rule in Canada eyes emerging technologies