Contact: Trey Fredriksen 731-253-3338 Cell - 251-599-5906

PORT OF CATES LANDING: AMERICA'S NEWEST MULTI-MODAL INLAND NOW OPEN FOR BUSINESS WITH NEW PORT OPERATOR

The Port of Cates Landing, the nation's newest multi-modal , is now open for business after the Board of Directors of the Northwest Tennessee Regional Port Authority approved H. G. Fredriksen Company, Fairhope, Alabama, as the new port operator. Envisioning the strong potential for growth and having the experience, H. G. Fredriksen will be the port terminal operator.

"With the new port operator, this represents a significant development as port officials now focus on developing the riverport's economic potential," said Jimmy Williamson, chairman of the Northwest Tennessee Regional Port Authority. "We see the Port of Cates Landing as having the potential for a wide range of prospective activities where a modern berthing dock, abundant development area, a warehouse, operating authority for Foreign Trade Zone 283, and eventual on­ dock rail will be available to facilitate cost-effective cargo handling and management of freight in connecting the state of Tennessee with the global market place."

The Port of Cates Landing has been a 16-year, $55 million new port effort and is the only site above the 100-year floodplain on the Mississippi River (located at River Mile 900) between Memphis, Tennessee, and Cairo, Illinois. Located 27.5 miles from Interstate 155 at Dyersburg, Tennessee, the Port of Cates Landing offers unimpeded, deeper draft navigation services to the Center Gulf that fully utilizes barge equipment in today's modern fleet. It has loading and unloading capabilities for various raw and finished products onto and off of barges, with access to barge traffic year round via slack water access to the barge berthing area. It has a 262-foot wide load-out port berthing area with a slack water channel that is 9,000 feet long, has a 130-feet minimum water width at the bottom, and has a draft of 14 feet below low water. The industrial area includes an initially developed 150 acres of port site property, with another 345 acres of property that has been granted Tennessee Select status, adjacent to the port and owned by the Lake County, and a further 4,000 acres of potential industrial development in the area.

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4480 Cates Landing Road N.- Tiptonville, Tennessee 38079-4430-Telephone -731-253-3338 http://www.portofcateslanding.com

America's Newest Inland Port -P. 2

As port terminal operator, H. G. Fredriksen Company, Inc. will be the key operator of the Port of Cates Landing campus in Tiptonville, Tennessee. H. G. Fredriksen Company, Inc. will perform over-the-dock operations, manage the transit shed and lay-down areas of the port, and coordinate with the Port of Cates Landing in marketing efforts. With H. G. Fredriksen Company’s experience and abilities to apply networking and technology to the multi-modal transportation markets produces optimal results.

In the development of the facility, the Port of Cates Landing Board of Directors relied heavily on the advisory services of lnforma Economics, Inc., to provide marketing and analytic review of potential facility development in an effort to explore the opportunities related to establishing the facilities. lnforma brought together port and terminal operators with shippers to establish prospective inland waterway commercial operation and utilization of the Port of Cates Landing. In addition Forcum Lannom Contractors, LLC are the engineers of record headquartered in Dyersburg, Tennessee.

The Port of Cates Landing, America's newest inland port, located at River Mile 900 on the lower Mississippi River.