- Economic Development
- Small Business
- About Us
The Business View – September 2015 / News You Can Use
APM Terminals announced it will undertake a major expansion of its operations at the Port of Mobile. The expansion consists of two parts: the purchase and installation of two large ship-toshore cranes and increased activities at the Alabama State Port Authority’s Intermodal Container Transfer Facility will service five Class I railroads.
The $47 million capital investment will increase the terminals’ capacity and create 97 new jobs with an average annual salary of $53,000 over the next three years.
According to Troy Wayman, the Mobile Area Chamber’s vice president of economic development, the project will add a key asset to Mobile’s competitive advantage of excellent logistics; increase potential for more international trade; and create numerous highly skilled local jobs at competitive salaries.
“The importance of this expansion to our local economy is quite significant,” said Wayman. “Any infrastructure improvements we can foster for our port represent significant benefit to us in economic development.”
Click here to read The Business View – September 2015