Last week, the Port Authority celebrated its 100th project financed through the Northwest Ohio Bond Fund, which has a national rating of “A” from S&P Global Ratings. This project provides $8,000,000 to support Midwest Terminals, operator of the Port of Toledo’s General Cargo Dock, to finance the construction of a liquid transloading facility at the Port of Toledo.

This is a significant milestone as The Port Authority’s Northwest Ohio Bond Fund was the first municipal bond fund established in the state of Ohio and has allowed the Port Authority to finance new business and business expansion throughout the state.

Since its inception in 1988, the Bond Fund has provided $446 million in direct financing proceeds, which has resulted in the creation and retention of over 8,700 jobs.

S&P Global Ratings (S&P) recently announced an upgrade to the Port Authority’s Bond Fund rating from an “A-” to an “A” investment-grade rating with a stable outlook. Key factors contributing to the upgrade include an increased investment in the Bond Fund Reserves, the diversification of projects, and a zero percent default rate to bondholders.

Check out photos of the closing of the 100th bond project! 

Hello Midwest Terminals Community,

We are thrilled to announce a major milestone in our commitment to greener and more sustainable rail operations. On November 3rd, our team welcomed the 13abc news team, who visited Midwest Terminals to showcase our groundbreaking all-electric switcher locomotive. The visit highlighted our unwavering commitment to sustainable and environmentally responsible rail operations.

Read the full news report here: https://www.13abc.com/2023/11/03/project-planet-first-ever-all-electric-switcher-locomotive-provides-green-alternative-railroads/

At Midwest Terminals, we recognize the urgent need to transition to environmentally responsible practices. With the introduction of the all-electric switcher locomotive, we aim to provide a green alternative for rail transportation, setting new standards in the industry.

This revolutionary locomotive boasts several remarkable features that make it a game-changer for both the environment and the rail industry. Let’s take a closer look:

• Zero Emissions: The all-electric switcher locomotive eliminates harmful emissions, drastically reducing our carbon footprint. By transitioning from traditional diesel-powered locomotives to electric models, we are making significant strides towards a cleaner and healthier planet.
• Enhanced Efficiency: Equipped with state-of-the-art electric motors, the switcher locomotive delivers superior performance and efficiency. Its cutting-edge technology allows for quicker acceleration and deceleration, optimizing operations and reducing energy consumption.
• Noise Reduction: One of the significant benefits of electric locomotives is the reduction in noise pollution. The switcher locomotive operates silently, minimizing disturbances to nearby residential areas and wildlife habitats. This silent operation is a testament to our commitment to being a responsible member of the communities we serve.

The introduction of the all-electric switcher locomotive marks an important step towards a greener future for Midwest Terminals and the entire rail industry. Our commitment to sustainability goes beyond this remarkable development; we continue to explore and invest in innovative solutions that align with our environmental goals.

By embracing change and leveraging cutting-edge technology, Midwest Terminals is leading the way towards a more sustainable future in rail operations. We are immensely proud to be at the forefront of this green revolution and are excited to share this journey with you.

Stay tuned for more updates on our sustainability initiatives. Together, let’s build a brighter, cleaner, and more sustainable future.