Lineage and Port of New Orleans Collaborate to Expand Bonded Warehouse Space, Strengthening Global Trade Flows
NEW ORLEANS, August 21, 2025--(BUSINESS WIRE)--Lineage, Inc. (NASDAQ: LINE) (the "Company"), the world's largest global temperature-controlled warehouse REIT, together with the Port of New Orleans (Port NOLA), today announced the certification of Lineage's Jourdan Road facility in New Orleans East as a Class 3 Public Bonded Warehouse. This milestone marks Lineage's first customs bonded facility in Louisiana and strengthens Port NOLA's role as a premier Gulf gateway for global trade. Earlier this year, the Jourdan Road facility also became the only public import house or I-House in Louisiana.
The Jourdan Road facility is one of a kind in Louisiana by offering these two important features:
I-House capabilities, providing on-site USDA inspections of imported food.
Customs bonded storage, allowing goods to be securely stored under U.S. Customs supervision until duties and tariffs are paid.
These services help importers move food products into the U.S. more efficiently, which can also keep costs lower for businesses and ultimately consumers. By reducing delays and streamlining inspections, bonded and I-House facilities make it easier for perishable goods like beef, pork, seafood, and exotic meats to reach grocery shelves and restaurant kitchens quickly and safely.
"In today's ever-evolving international trade landscape, having the right infrastructure with secure, customs-regulated storage is of growing importance to our customers," said Brian Beattie, President, Western US Operations at Lineage. "The dual I-House and customs bonded designation positions Lineage on Jourdan Road as one of the most versatile cold storage facilities in the state."
"This partnership demonstrates the power of aligning Port NOLA's world-class multimodal connectivity with Lineage's industry-leading cold storage expertise," said Beth Branch, Port NOLA President and CEO and New Orleans Public Belt (NOPB) CEO. "By combining these expanded services, we are helping to strengthen Louisiana's position in the global supply chain and ensuring that families across America have dependable access to temperature-sensitive products."
Located on the Inner Harbor Navigation Canal in New Orleans East, the Jourdan Road facility spans over 304,000 square feet. Its proximity to major protein producers, global shipping routes, and intermodal networks makes it ideally suited for handling high-volume, temperature-sensitive cargo.
With this certification, Lineage now operates 12 bonded warehouses in the U.S. and 42 USDA-approved I-House facilities, furthering the company's efforts to enhance the global cold chain through strategically placed hubs and specialized import/export services. Together with Port NOLA's deepwater access and six Class I rail connections, this expansion reinforces New Orleans' role as a critical trade gateway linking international markets to America's consumers.
About Lineage
Lineage, Inc. (NASDAQ: LINE) is the world's largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X.
Forward Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage's use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," "seek," "objective," "goal," "strategy," "plan," "focus," "priority," "should," "could," "potential," "possible," "look forward," "optimistic," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage's performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.
About Port NOLA
The Port of New Orleans (Port NOLA) is a modern multimodal gateway for global commerce and an in- demand cruise port — delivering seamless, integrated logistics solutions between river, rail and road. Port NOLA is a diverse deepwater port uniquely located on the Mississippi River near the Gulf of Mexico -- with access to 30-plus major inland hubs such as Dallas, Memphis, Chicago and Canada via 14,500 miles of waterways, 6 Class I railroads and interstate roadways. Strategic alignment with the New Orleans Public Belt Railroad, a Class III connecting railroad, strengthens Port NOLA's position as an integrated hub and supports the Port's mission of driving regional economic prosperity. For more information, visit: www.portnola.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250821635684/en/
Contacts
Media ContactsChristina Wiese(734) 608-1855pr@onelineage.com
Kimberly Curth(504) 388-4898kimberly.curth@portnola.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Corn Holding onto Gains on Wednesday
Corn futures are posting 2 to 3 cent gains across most contracts so far on the Wednesday session. The CmdtyView national average Cash Corn price was up 2 cents at $3.62 1/2. USDA reported private export sales of 125,741 MT of corn to Mexico and 100,000 MT to Colombia this morning, all for 2025/26. Analysts estimate a total of 100,000 in net reduction to net sales of 300,000 MT for old crop ahead of the Thursday morning Export Sales report. New crop business is estimated to total between 0.9 and 2 MMT in the week ending on August 14. More News from Barchart Coffee Prices Soar on Dry Brazilian Weather and Tighter US Supplies Brazil Weather Concerns and Tighter US Supplies Boost Coffee Prices Coffee Prices Just Hit 2-Month Highs. How Much Higher Can They Go Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Day 2 of the annual ProFarmer showed a Nebraska yield estimated at 179.5 bpa, up from 173.25 bpa last year and the 166.33 3-year average, but shy of their 2021 record. USDA is looking for a 4 bpa increase yr/yr. Yield in Indiana was estimated at 193.82 bpa, which is up 6.28 bpa from last year's tour total and well 10.71 bpa above the 3-year average. USDA was looking for a 7 bpa increase from last year in last Tuesday's report. EIA data from this morning showed a total of 1.072 million barrels per day of ethanol production in the week of 8/15, which was down 21,000 bpd from the week prior and a 12 week low. Ethanol stocks were up 39,000 barrels to 22.688 million barrels. Exports were a 19-week high at 172,000 bpd, as refiner inputs were down 4,000 barrels to 925,000 barrels bpd. Sep 25 Corn is at $3.81 3/4, up 2 1/4 cents, Nearby Cash is at $3.64 1/2, up 2 cents, Dec 25 Corn is at $4.05 3/4, up 2 1/2 cents, Mar 26 Corn is at $4.23 1/2, up 2 3/4 cents, New Crop Cash is at $3.60 1/4, up 2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
an hour ago
- Yahoo
Prediction: This Supercharged Artificial Intelligence (AI) Stock Will Be Worth More Than Apple and Microsoft Combined by 2030
Key Points Nvidia's GPUs are powering artificial intelligence (AI) workloads in data centers around the globe. Many AI hyperscalers are already increasing capital expenditure guidance for 2026. 10 stocks we like better than Nvidia › Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) are the second- and third-largest companies on the market right now, with valuations of $3.9 trillion and $3.4 trillion, respectively. That means a company would need to be worth $7.3 trillion by 2030 to be worth more than the combined value of these two companies right now. There are only a handful of potential companies that could do that, with the chief suspect being Nvidia (NASDAQ: NVDA), currently the world's largest company. I think that a $7.3 trillion market cap is achievable for Nvidia by 2030. Here's how it will achieve it. The AI hyperscalers are increasing their guidance for 2026 expenses Nvidia is thriving in the world of artificial intelligence (AI). Its graphics processing units (GPUs) have become the computing hardware of choice for many AI hyperscalers due to their strong ecosystem and fantastic computing power. GPUs can process multiple calculations in parallel, making them suited for any workload that needs a lot of processing power. Historically, GPUs were used for gaming graphics, engineering simulations, and cryptocurrency mining, but their biggest use case by far is AI. As a bullish sign for Nvidia, the AI hyperscalers aren't slowing down their spending. During its Q2 conference call, Alphabet told investors it is raising its 2025 capital expenditure projection from $75 billion to $85 billion, and also commented that 2026 will see a further increase in capital expenditures. Meta Platforms commented that it will see "significant capital expenditures dollar growth in 2026" for building out its computing capacity to meet demand. Nvidia will be a huge beneficiary from these hyperscalers' increasing demand, but Nvidia doesn't expect it to stop in 2026. A third-party projection cited by Nvidia during its 2025 GTC event stated that global data center capital expenditures in 2024 were around $400 billion. That number is expected to increase to $1 trillion by 2028. That's huge growth, but will it be enough to propel Nvidia past the $7.3 trillion mark by 2030? Nvidia will rapidly grow over the next few years If global data center capital expenditures increase at that rate, it would have a compounded annual growth rate (CAGR) of about 26%. Because Nvidia's business is heavily tied to the data center industry, we'll use that as its base growth rate figure. Over the past 12 months, Nvidia has generated $149 billion in revenue, with a mid-50% profit margin (it dipped a bit during its last quarter due to an inventory write-down it had to take on H20 chips that were meant for China but could no longer be sold at that time due to export restrictions). Should Nvidia achieve that CAGR over the next three and a half years, Nvidia's revenue and profits would be $335 billion and $184 billion, respectively. If we give it a forward price-to-earnings (P/E) multiple of 40 (it's currently 42), that would give Nvidia a market cap of $7.36 trillion by 2028. The original projection was for Nvidia to reach a market cap of $7.3 trillion by 2030, and this projection exceeded that level by 2028. That leaves plenty of room for Nvidia to underperform this guidance and still achieve this lofty goal. Nvidia is expected to remain dominant for some time, and with all the massive data center capital expenditures ongoing, Nvidia's stock will be a must-own for investors. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,076,588!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Keithen Drury has positions in Alphabet, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Apple, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Prediction: This Supercharged Artificial Intelligence (AI) Stock Will Be Worth More Than Apple and Microsoft Combined by 2030 was originally published by The Motley Fool
Business Wire
3 hours ago
- Business Wire
Abu Dhabi-based ADI Foundation Launches Testnet of ‘ADI Chain'
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--The ADI Foundation, an Abu Dhabi-based nonprofit organization dedicated to building the infrastructure nations trust and citizens deserve, today announced the public testnet of the ADI Chain. It is engineered to deliver sustainably high throughput with ultra-low transaction fees by utilizing AI-assisted protocol automation with GPU acceleration to unlock real-time intelligence, dynamic network adaptation and efficiency. This chain's novel technology will enable developers to build responsive, client-side applications with near real-time settlement. ADI Foundation will continue expanding node infrastructure, onboarding ecosystem partners, and supporting priority use cases across the UAE and emerging markets. 'Over the past decade, the benefits of the web3 adoption have been concentrated in relatively few verticals of the economy," said Andrey Lazorenko, CEO of ADI Foundation. 'Launching the testnet is an important step towards realizing Abu Dhabi's vision for trusted, high-performance digital infrastructure. With GPU computing and AI-engineered protocol design at its core, ADI Chain will provide enterprise-grade infrastructure for scaling ecosystem partners which will support our mission in bringing 1 billion new users onchain by 2030.' ADI Chain was built to bridge the gap between compliance and innovation. Currently, many chains are unable to meet stringent government standards, which leaves many governments unable to deploy technology quickly and replace antiquated systems. ADI Chain is a compliance-native L2, which enables governments and regulated institutions to launch stablecoins, health systems, land registries and payment rails without sacrificing speed, efficiency, security or regulatory compliance. ADI Chain aims to serve as the backbone for digital services across finance, identity, healthcare, sustainability, and other real-world sectors, starting with its integration into the Dirham-backed stablecoin project being developed in collaboration with leading UAE institutions including FAB, ADQ, and IHC, and to be regulated by the Central Bank of the UAE. The testnet is open to all developers who want to test ADI Chain's capabilities and help optimize the network prior to its mainnet deployment. To access ADI Chain's testnet environment, please visit the ADI Testnet Explorer. Notes For Editors: About ADI Foundation ADI Foundation is an Abu Dhabi-based non-profit organization founded by Sirius International Holding (a subsidiary of IHC), dedicated to empowering governments and institutions in emerging markets through blockchain infrastructure and partnerships needed to unlock sovereign digital economies and drive large-scale social and economic inclusion. Its mission is to bring 1 billion people into the digital economy by 2030, building on a strong foundation of 400+ million people already within its reach. Through strategic partnerships in over 20 countries and a growing portfolio of use cases such as a new UAE stablecoin backed by Dirhams, ADI is redefining what is possible at the intersection of technology and impact. Positioned in Abu Dhabi, which is rapidly emerging as the Silicon Valley of inclusive tech-finance, ADI Foundation is proud to lead the transformation by turning visionary policy into practical, scalable systems that empower people, businesses, and governments alike. For more information, visit:
