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Port of Nevada adds rail service

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Port of Nevada adds rail service


The Port of Nevada™, a 224-acre, inland port operation and intermodal ramp in Northern Nevada, owned and developed by Industrial Realty Group, LLC (IRG), will offer intermodal service for imports and exports between Fernley and the Port of Oakland, US. This venture was the result of their collaboration with Union Pacific Railroad, the CMA CGM Group, and the Port of Oakland.

“Direct rail access between Reno and the West Coast significantly increases the amount of cargo freight that can be shipped,” said Stuart Lichter, President of the Port of Nevada and IRG. “This collaborative venture will provide our clients with a more efficient, reliable, and environmentally sensitive way to transport goods.”

The Port of Nevada offers a full-service rail facility on the property which is connected to Union Pacific’s network. Rail operations include bulk commodity and intermodal transloading, and storage of multiple commodities. In addition, there are multiple opportunities for building suits and on-site storage.

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The direct rail access to the port will create many opportunities for savings, efficiencies, supply chain options, and sustainability for Port of Nevada customers.

The CMA CGM Group, a global provider of sea, land, air, and logistics solutions, was Port of Nevada’s exclusive ocean carrier partner through 2024. This collaboration will provide worldwide connectivity to Asia and Europe.

With the businesses experiencing the impact of supply chain challenges in recent years and consistently with traversing the frequently weather or traffic impacted Interstate 80 corridor, the draw to rail becomes more attractive.

Clients utilising rail can expect to decrease their carbon footprint and become less impacted by road conditions, trucking regulations, and carbon emissions. According to Union Pacific, transporting by rail is also very efficient and cost-effective; approximately one ton of rail cargo can be transported nearly 400 miles on just one gallon of diesel fuel. In addition, trains account for only 2% of all transportation-relation greenhouse gas emissions, while medium-duty and heavy-duty trucks account for nearly 25%.

Further support from Reno’s local economic development experts at Northern Nevada Development Authority (NNDA) and the Economic Development Authority of Western Nevada (EDAWN), provide companies with the tools they need to thrive.

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“This project is a very unique opportunity for those looking to expand in the Reno market,” said Taylor Adams, EDAWN CEO. “The coastal connectivity IRG is providing is something companies need in Western Nevada, and we will do all we can to support the project’s continued growth throughout the region.”

“We are very excited to support the IRG inland port project,” said Jeff Sutich, Executive Director of the NNDA. “As a federally designated Tech Hub, focused on onshoring businesses to Nevada, this site is in a prime position to support advanced manufacturing companies that will be expanding to the State.”

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Read the article online at: https://www.drybulkmagazine.com/ports-terminals/18062024/port-of-nevada-adds-rail-service/

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for  Million


A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market. 

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com. 

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show. 

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show. 

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There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information. 

MORE: Visited by Kings and Larger Than Manhattan, Giant Scottish Estate Asks £67 Million

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal. 

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market. 



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Green Valley edges Liberty in Class 5A softball — PHOTOS

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Green Valley edges Liberty in Class 5A softball — PHOTOS