CLEVELAND – Dec. 12, 2024—The Port of Cleveland has approved a new contract with Logistec USA Inc. to be the terminal operator for the 2025 shipping season, a partnership expected to significantly increase operating revenues.

Logistec, a Montreal-based company with operations at 91 terminals across 62 North American port locations, has been providing terminal services at the Cleveland Bulk Terminal since 2017 and the General Cargo Terminal since 2019. These terminals are critical to the regional economy, handling essential materials like iron ore and limestone as well as various general cargo. The Port’s General Cargo Terminal handles between 350,000 and 550,000 metric tons of cargo annually.

Under the new contract, which runs from April 1, 2025, through March 31, 2026, the increase in the fixed charges and tonnage assessment annually paid to the Port by Logistec will result in significant improvements to the Port’s operating revenues.

The agreement is expected to bring in significant additional operating revenue based on a baseline of 350,000 metric tons, with Cleveland Terminal Tariff charges projected to separately generate additional operating revenue.

“This agreement is a win-win for the Port,” said David Gutheil, Chief Commercial Officer at the Port of Cleveland. “Logistec has been an exceptional partner, working with us to attract new cargo opportunities and drive growth at our terminals, an example of which were the three cranes that moved through the Port earlier this year that were destined to the Intel project near Columbus. They’ve played an instrumental role in broadening the Port’s capabilities, ensuring that our facilities are competitive and attractive to a diverse array of industries.”

Terminal operators like Logistec are the backbone of modern port operations, ensuring the efficient movement of goods through facilities that serve as gateways to the global economy. Their work involves handling diverse types of cargo, maintaining equipment and managing workforce logistics. By optimizing these operations, terminal operators enable ports like Cleveland to attract and retain shipping partners, support regional industries and drive economic growth.

Gutheil emphasized Logistec’s commitment to operational excellence and environmental sustainability, values that align closely with the Port’s strategic goals. Their extensive North American network and specialized expertise make them uniquely equipped to manage the Port’s complex and growing cargo demands.

Gutheil said the Port has a good relationship with the Logistec management team, which is expected to remain in place for the foreseeable future.

Rodney Corrigan, President of Logistec Stevedoring Inc., said, “We are proud to continue our partnership with the Port of Cleveland. Together, we are driving sustainable growth and enhancing the region’s supply chain capabilities. Cleveland is a critical hub in the Great Lakes, and we are committed to delivering exceptional service to our customers and stakeholders.”