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).