Saturday, July 6, 2024 Port NOLA acquires a 210,000 sq ft warehouse, signs a 10-year lease with The Kearney Companies, boosting cargo growth and local employment. The Port of New Orleans (Port NOLA) unveiled the acquisition of a 210,000 square foot storage facility situated at 5200 Coffee Drive within the Uptown Port of New Orleans Terminal. This acquisition is bolstered by a new 10-year contract with The Kearney Companies, Inc.
, a Precision Terminal Logistics (PTL) subsidiary. This contract is a significant step in the ongoing partnership among Port NOLA, The Kearney Companies, and the New Orleans Public Belt Railroad (NOPB), which offers vital rail services to the port and links to the six major Class 1 Railroads (BNSF, CPKCS, CN, CSX, NS, and UP). This lease marks the successful conclusion of extensive negotiations between Port NOLA and the former owner, ensuring the facility is well-equipped to boost both import and export activities.
Under this agreement, The Kearney Companies will invest in significant upgrades and enhancements to the facility, approved by Port NOLA, underscoring a mutual commitment to meet customer demands, stimulate cargo volume growth, and promote ongoing employment opportunities in the area. “We are thrilled to announce this agreement with The Kearney Companies, which marks a pivotal moment for our port and the surrounding community,” said, Ronald Wendel, Acting President and CEO of the Port of New Orleans and Acting CEO of the New Orleans Publi.
