After more than three decades, a New Orleans-based stevedoring company is shutting down operations at the Port of New Orleans and has laid off its 135 employees, reports the Associated Press.
Coastal Cargo Co., which specializes in handling bulk and breakbulk cargo like large equipment, boxes and drums that don’t fit into traditional containers, notified the Louisiana Workforce Commission last month about the layoffs.
Port of New Orleans officials confirmed it had terminated Coastal Cargo’s lease, which expired in March 2022. The company continued to operate at the port though, paying rent on a month-to-month basis. That arrangement ended June 30.
In a statement to the newspaper, a port spokesperson said two other breakbulk cargo operators — Ports America and QSL — are expanding and leasing the facilities previously occupied by Coastal. Read the entire story.