The signed agreement allows Logistec to commence operations at the 45-acre terminal facility in April.
Logistec USA Inc. (Logistec) has signed a 10-year agreement with the Cleveland-Cuyahoga County Port Authority to operate the Cleveland Bulk Terminal.
The agreement allows Logistec to commence operations at the 45-acre terminal facility in April, according to releases issued by Logistec and the port authority.
The terminal currently handles dry bulk cargo, including iron ore and limestone.
“The Port of Cleveland is looking forward to working with Logistec to support our commercial goals, increase bulk volumes and diversify our cargo base,” Cleveland-Cuyahoga County Port Authority President and CEO William D. Friedman said. “We were looking for an experienced partner whose primary business is cargo handling.”
Logistec, a subsidiary of Logistec Corporation, routinely handles dry cargo, including steel, lumber, salt and containers at ports along the U.S. East Coast.
Port of Cleveland inks 10-year agreement with new terminal operator