LaGrange Highlights Year’s Accomplishments, Focuses on Future during Annual Address

Published on : Thursday, November 14, 2013

Port of New OrleansPort of New Orleans President and CEO Gary LaGrange cited numerous Port and industry-wide accomplishments, while challenging local business leaders to think big and act as ambassadors for the maritime community during today’s 27 th Annual State of the Port Address hosted by the International Freight Forwarders and Customs Brokers Association of New Orleans at the Marriott  Convention Center.

 
“We don’t always take the proper time to highlight our successes and congratulate ourselves on our victories,” LaGrange said. “I want to challenge everyone today to be good ambassadors wherever you are. Not just for your individual businesses, but for our Port and maritime industry, the Greater New Orleans region and the State of Louisiana.”

 
LaGrange ticked through a series of best rankings – most notably the No. 1 logistics hub in the nation by Business Facilities Magazine and Forbes Magazine’s top “Brain Magnet.” As a result of improved business climates and intermodal connectivity, LaGrange cited the vast investments being made by energy, chemical, and steel companies throughout Louisiana. New and expanded plants and exporters will spur cargo in the coming years.

 
Total Breakbulk volume for fiscal year 2013 was 2.78 million tons, up 1.34 percent compared to the previous year.  With significant investments in oil and gas infrastructure in North America, as well as the  $70 billion of announced investments since 2012 in Louisiana, the Port of New Orleans is well positioned for growth in the breakbulk market, LaGrange said. As evidence, the first six months of 2013 has already shown a 500 percent increase in oil field-related equipment.

 
In the container market, the increase in export cargo has been a driving growth force. The Port has benefited from the U.S. Gulf industrial rebirth which has given many chemical companies a costcompetitive advantage. As a result, chemical volumes tripled over the last five years. In 2012, the Port handled 2 million tons of chemicals, and the first six months of 2013 showed a 35 percent increase over the same time frame in 2012.

 

Source:-Port of New Orleans

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