The Little Rock freight market may not be the biggest within the South, nevertheless it is likely one of the few true intermodal markets for truckload carriers. What makes Little Rock totally different than most intermodal hubs is the Arkansas River, the fourth longest within the nation and a big artery for barge visitors.
Mix highway, rail, air, and water transport, and you’ve got a wonderful marketplace for main multimodal logistics. That makes the current announcement of a brand new industrial park by the Port of Little Rock attention-grabbing for truckload carriers on the lookout for extra outbound freight from what’s historically a backhaul freight market. Within the dry van sector, roughly 28% extra hundreds come into Little Rock in comparison with outbound hundreds, whereas within the reefer sector, it’s nearly the alternative, with 38% extra hundreds out than in. In flatbed, it’s a way more balanced market with simply 3% extra inbound hundreds than outbound.
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How will this new improvement profit truckload carriers particularly?
In keeping with The Port of Little Rock, the South Port Commerce Middle shall be a one-million-square-foot industrial improvement situated within the port, including intermodal alternatives with barge-to-rail and barge-to-truck capabilities. Completion of Section 1 is scheduled for the second quarter of 2023 and shall be set on 64 acres that includes two buildings and a 537,845 square-foot cross-dock facility. Benefiting truckload carriers particularly would be the cross-dock facility’s 68 dock doorways, 52 future doorways, 4 drive-in doorways, 160 trailer parking areas, and 449 common parking areas. Section 2 will characteristic a 428,000-square-foot constructing cross-dock facility.
In keeping with Little Rock Mayor Frank Scott, Jr., “Centrally situated with entry to highway, river, runway and rail, the Port of Little Rock has change into the South’s premier location for funding,” including a lot wanted industrial storage and distribution capability within the port.
What makes Little Rock so pivotal as a freight distribution middle?
The Port of Little Rock Terminal is situated simply south of the I-440 Bridge, with glorious entry to interstate highways, together with I-30, I-430, I-40, I-440, and I-630. Roughly 90 million folks reside inside a day’s drive of Little Rock, encompassing main inhabitants facilities, together with Dallas, Houston, Memphis, Nashville, Chicago, Kansas Metropolis, New Orleans, St. Louis, and Atlanta. Interstate 40 can be one of many busiest within the nation, particularly between Memphis and Little Rock, the place in keeping with the Federal Freeway Administration (FHWA), roughly 25,000 vehicles per day make their journey.
Main Class 1 railroads, together with Burlington Northern Santa Fe (BNSF) and Union Pacific (UP), have intermodal hubs in Little Rock, which offer each day companies between Mexico, Dallas, Houston, Memphis, and Chicago factors additional east. Little Rock can be simply 140 miles west of Memphis, the Logistics Hub of America, and solely one among three U.S. cities served by 5 Class I railroads.
What can truckload carriers count on on the Port of Little Rock?
Along with a rising truckload freight quantity, the Port of Little Rock provides 50 tons of cargo raise capability, 200 tons/hour bulk dealing with capability, truck and rail scales, and chemical and grain packaging from rail, truck, and barge. In keeping with CBRE, e-commerce penetration is predicted to develop to 26% of all retail gross sales by 2025, requiring a further 330 million sq. toes of distribution area to deal with the rise in on-line ordering in that timeframe. 1,000,000 sq. toes in Little Rock is simply the beginning.
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