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Port of South Louisiana reports record revenue, highlights Hyundai and renewable projects
Summary
Paul Matthews told the council that the Port of South Louisiana reached record revenue levels, is now the top U.S. foreign-trade zone by merchandise value, and is pursuing projects including support for a Hyundai manufacturing corridor and renewable energy bunkering and biofuels work.
Paul Matthews, representing the Port of South Louisiana, briefed the St. Charles Parish Council on July 7 on port activity, freight and investment trends and regional projects expected to affect the parish.
Matthews said the port has produced three straight years of record-high revenues and that its foreign-trade zone is now the nation’s leading zone by merchandise value. He said about 60%–70% of the nation’s exported grain volume originates from the Lower Mississippi River heartland and that almost half of the port’s tonnage within its jurisdiction moves through…
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