Setting the Company Up for the Future, Ceres Secures a New Deal
In a deal that will bring thousands of jobs to the area, Ceres Terminals Inc. (Ceres) agreed to a 20-year $60.0 million deal in 2022 to operate and modernize the TraPac container terminal in Jacksonville. The move will expand the company’s presence in the area and will enable the company to take advantage of ships coming from South American regions. To improve the location, Ceres will invest $15.0 million in new cargo handling equipment in order to modernize the terminal. TraPac is a 158-acre container facility and has two 1,200-foot berths and six post-Panamax cranes.
COVID|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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