LIT

Port NOLA gets $1M EPA grant to support LIT

The Port of New Orleans (Port NOLA) reports that it has been awarded $1,000,000 from the U.S. Environmental Protection Agency (EPA) for its Louisiana International Terminal (LIT) Sustainability Management Plan (SMP).

The Louisiana International Terminal will be built in Violet, Louisiana, 17 miles downriver from the Crescent City Connection bridge, eliminating air draft restrictions for vessels that call Port NOLA. The terminal will be able to handle the largest container vessels that traverse...

https://www.marinelog.com/inland-coastal/ports-terminals/port-nola-gets-1m-epa-grant-to-support-lit/

Port NOLA CEO Brandy Christian stepping down

Brandy D. Christian is stepping down as president and CEO of the Port of New Orleans (and as CEO of its New Orleans Public Belt Railroad unit) in mid June to pursue an opportunity in the private sector. She has served as the president and CEO of Port NOLA since January 1, 2017, and as CEO of the railroad since its acquisition by the port on February 1, 2018.

“We cannot overstate the exemplary leadership that Brandy Christian has provided throughout her tenure,” said Walter Leger, Jr., chairman...

https://www.marinelog.com/inland-coastal/ports-terminals/port-nola-ceo-brandy-christian-stepping-down/

Why “Ag Coast” ports are backing Port NOLA’s new $1.8 billion container terminal

New container terminal is not just about bringing big ships in

The Port of New Orleans is pushing ahead on its plans to develop the new Louisiana International Terminal (LIT). The new $1.8 billion state-of-the art container terminal will eliminate air-draft restrictions that limit the size of vessels that can currently call Port NOLA, allowing it to serve vessels of all sizes. Just as importantly, as well as welcoming ocean giants, the new terminal will also strengthen the flow of inland river container traffic and the St. Louis regional ports and the St....

https://www.marinelog.com/news/why-ag-coast-ports-are-backing-port-nolas-new-1-8-billion-container-terminal/

New logistics-focused SPAC LIT is stacked with top dealmakers

LIT started trading Friday morning on the NASDAQ

Friday morning, Logistics Innovation Technologies Corp., a newly listed special acquisition company (SPAC), began trading on the NASDAQ under the ticker LITTU. The blank check company exists solely for the purpose of finding a private company to merge with and bring public. It has two years to make a deal or return investors’ capital.

The SPAC will offer 30 million shares priced at $11.50, and the sole bookrunner, Guggenheim Securities, has the...

https://www.freightwaves.com/news/new-logistics-focused-spac-lit-is-stacked-with-top-dealmakers