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RAIL EMPLOYMENT & NOTICES



Rail News Home Intermodal

4/29/2022



Rail News: Intermodal

Jaxport, Toyota distributor strike deal to expand vehicle processing operations


Jaxport and Southeast Toyota Distributors officials at the agreement signing.
Photo – Jaxport

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The Jacksonville Port Authority announced an agreement with Southeast Toyota Distributors (SET) involving a $210 million long-term lease and relocation for vehicle processing operations.

SET will relocate its operations from a 50-acre facility at Jaxport’s Talleyrand Marine Terminal, plus an adjacent 23-acre private facility, to a single 88-acre property at the port’s Blount Island Marine Terminal. Combining operations into a single facility will create efficiencies and provide space for more vehicles, Jaxport officials said in a press release.

The agreement covers 25 years and includes three additional five-year renewal options. The public-private partnership includes a nearly $180 million lease with Jaxport and an additional $16.5 million from SET to modernize the Blount Island terminal. The Florida Department of Transportation will provide a $16.5 million grant to help with terminal development.

The terminal upgrades include two state-of-the-art processing buildings and work areas totaling more than 250,000 square feet, along with new on-site rail connections and truck loading areas. The new facility is scheduled to be completed in late 2024.

“This public-private partnership, along with the investments being made in the terminal by FDOT, allow us to build on our position as one of the country’s top vehicle-handling ports and meet the growing demand for vehicles in Florida and throughout the nation,” said Jaxport CEO Eric Green.

The world’s largest independent distributor of Toyota vehicles, SET has operated at the port for more than 50 years. The distributor moved 157,000 vehicles through Jaxport in 2021.

An unnamed global vehicle manufacturer is in negotiations with Jaxport regarding the use of the 50 acres to be available at the Talleyrand terminal.



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