TCI Tank Logistics announces it will invest $2 million to expand its intermodal footprint and ease supply chains by adding 1,200 linear feet of new rail that will tie into the New Orleans Public Belt and service customers at the Port of New Orleans.
The company is expected to create 40 direct new jobs over the next 10 years with an average annual salary of $60,000, while retaining 41 jobs in Orleans Parish. Louisiana Economic Development estimates the project will result in 94 indirect new jobs, for a total of 134 potential new jobs in the Southeast Region.
“Six deep draft ports, six Class 1 railroads, seven primary airports and six interstate highways - there is no better place than Louisiana for transportation and logistics companies looking to expand their business,” says LED Secretary Susan B. Bourgeois. “TCI Tank Logistics has seen firsthand the competitive business advantages of Louisiana’s infrastructure, and I thank them for their reinvestment in Louisiana that will benefit industry across the state and supply chains worldwide.”
Key Takeaways:
- Construction of the rail line is anticipated to begin in November at TCI Tank Logistics’ facility at 4001 France Road in New Orleans. The company expects to complete the project and begin transloading products in April 2025.
