Public Belt Railroad to be acquired by the Port of New Orleans

摘要

The Port of New Orleans will acquire the New Orleans Public Belt Railroad under an agreement between the city of New Orleans, the port and the railroad. Stakeholders say the move is expected to give the port greater competitive advantage in international trade. The Public Belt Railroad will continue to serve the Port of New Orleans and can proceed with plans to invest and grow. The move is expected to give the port greater competitive advantage in international trade, which will be an economic boon for the city.