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November 6, 2019 |
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Issue Update
The Surface Transportation Board on October 7 issued three actions to address issues raised at the May 2019 public hearing on railroad demurrage and accessorial charges.
The U.S. House of Representatives on October 28 voted to approve H.R. 2440, the Full Utilization of the Harbor Maintenance Trust Fund (HMTF) legislation, just days after ILTA sent a letter to House members urging such action.
ILTA is proud to support the U.S. Coast Guard Foundation and has increased its engagement with the USCGF during the past year. In September, ILTA was a sponsor of the foundation’s Pacific Northwest Awards Dinner, held in Seattle, Washington.
The U.S. Coast Guard in late September submitted for review by the Office of Management and Budget (OMB) a final rule that would extend the effective dates of the TWIC Reader Final Rule.
Marathon Petroleum Company Director of Engineering Services Ed Cimaroli and ILTA Vice President of Regulatory Affairs Peter Lidiak joined the National Association of Tank Truck Carriers at its annual Tank Truck Week in Nashville on October 1.
EPA’s Office of Transportation and Air Quality has released a prepublication draft of its proposal to streamline its fuels regulations (40 CFR Part 80).
The Trump Administration has announced a sweeping change to federal ethanol rules to placate farmers furious with the president's earlier decisions to exempt dozens of small oil refineries from requirements to blend biofuels into the nation's fuel supply.
Member News
In October, ILTA welcomed two new terminal members, Saudi Aramco and LimeTree, and re-welcomed Jefferson Energy to its terminal roster.
MarketScreener, Oct. 9, 2019
Royal Vopak has completed divesture of its Algeciras, Spain terminal to First State Investment, subject to customary closing conditions. The total transaction, including 100% of the Algeciras terminal shares, is estimated at EUR 125 million. Markets Insider, Oct. 21, 2019
Buckeye Partners, L.P. announced that full regulatory approval for its acquisition by the IFM Global Infrastructure Fund has been received, with completion of the proposed merger expected prior to the market opening on Nov. 1, 2019. Outstanding limited partner unitholders are slated to receive $41.50 per unit as part of the merger. Market Insider, Oct. 22, 2019
GTI Statia announced the appointment of three senior management positions including long-time industry leaders John Roller as President and CEO, Jim Calvert as CCO and Karen Vázquez as CFO. The three will head the team from the new corporate offices in San Antonio, Texas.
Federal Register Notices
ILTA News
Upcoming Events
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