Shipments Rise Again at Ports of Indiana

Posted: Updated:
The location in Dearborn County could serve as the state's fourth port. (Image courtesy of the Ports of Indiana) The location in Dearborn County could serve as the state's fourth port. (Image courtesy of the Ports of Indiana)
INDIANAPOLIS -

More than 8.1 million tons of cargo were shipped at the Ports of Indiana during the first nine months of 2017, up 10 percent over the same period last year. Officials say the numbers, which represent the second-highest volume during the first three quarters in Ports history, are due mainly to increased coal, steel, fertilizer and ethanol shipments.

The Port of Indiana-Mount Vernon once again saw the largest increase in shipments, moving more than 4.5 million tons during the first three quarters, a 15 percent increase over the previous year. The organization says the port is on pace to exceed 6 million tons for the third consecutive year.

The Port of Indiana-Jeffersonville shipped more than 1.6 million tons of cargo, which is 9 percent higher than the previous five-year average. The increase is due, in part, to strong steel processing in the auto and construction industries. Last month, the port celebrated the opening of South Korea-based POSCO's (NYSE: PKX) $21 million plant, which create up to 60 jobs.

The Port of Indiana-Burns Harbor shipped two million tons during the first nine months of the year, marking the second-highest total for that time period as well as for the month of September. The number is an 11 percent increase over the same period in 2016 and was led by a nearly 49 percent increase in steel cargoes and 40 percent increase in oil shipments.

During the third quarter, the Ports of Indiana announced an $8 million purchase agreement for the former Tanners Creek coal power plant in Dearborn County, which allows for environmental and economic impact studies to begin to determine if the site would be suitable for a fourth port. In an interview with Inside INdiana Business, Ports of Indiana Vice President Jody Peacock said the location would help address the organization's need for growth.

  • Perspectives

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Electric Works Lands State Incentives

      The first phase of a major redevelopment project in downtown Fort Wayne will receive state assistance. The Indiana Economic Development Corp. has awarded a conditional tax credit for Electric Works, a mixed-use innovation district located at the former GE campus. The incentive is part of the IEDC's Industrial Recovery Tax Credit program, used to boost investment in the redevelopment of former industrial facilities. Developers are projecting an initial investment of more than...

    • Well-Known Real Estate Firm Expanding to Fort Wayne

      Texas-based Keller Williams Realty Inc. has announced plans to open its first office in downtown Fort Wayne. Financial details of the real estate company's investment in the location were not immediately disclosed, however the expansion will bring at least 35 jobs to the Allen County city.

    • Nestl√© Planning $80M Anderson Expansion

      Nestlé USA has unveiled plans to invest nearly $80 million into its Anderson operations. Our partners at The Herald Bulletin report the company will purchase new equipment for the facility and add 30 jobs.

    • Construction to Begin on $15M Fieldhouse

      City and development officials will break ground Friday on a $15 million sports complex in Noblesville. Finch Creek Park Fieldhouse will include five courts with hard surfaces, two turf-surfaced fields and 11 batting and pitching cages. The project, which was first unveiled a year ago, is a public-private partnership between Klipsch-Card Athletic Facilities LLC and the city. The company is also owner/operator of the fieldhouse at Grand Park in Westfield.

    • Kroger Hires Eric Halvorson

      A former longtime Indianapolis television anchor and reporter has been hired by The Kroger Co. (NYSE: KR). Eric Halvorson, who left WISH-TV last year after 33 years, will serve as public affairs manager and media spokesman for the company's Central Division. He succeeds John Elliott, who will become the chief executive officer of Gleaners Food Bank in Indianapolis later this year.