USA: FPC Joins Deep Water Now Initiative

first_imgzoom JAXPORT, in conjunction with the JAX Chamber, announced yesterday that the Florida Ports Council (FPC) has joined the recently launched Deep Water Now initiative to encourage business and community leaders in Northeast Florida to support efforts to deepen the St. Johns River shipping channel to accommodate the next generation of larger cargo vessels.The Florida Ports Council is a nonprofit corporation that serves as the professional association for Florida’s fifteen deepwater seaports and their management. The FPC provides leadership, advocacy and information on seaport-related issues before the Legislative and Executive Branches of State and Federal Government.“It is critical that Florida’s ports act now to prepare for the global opportunities that will be arriving at our door,” said Doug Wheeler, president and CEO of the Florida Ports Council. “We applaud JAXPORT, JAX Chamber and other community leaders for coming together for this important effort to grow Northeast Florida’s economy.”JAXPORT is a crucial component of economic development across Florida and in the region. Cargo moving through Florida seaports generates more than 550,000 direct and indirect jobs (one of the few industries returning to pre-recession employment levels in 2013). According to the latest economic impact studies, 65,000 jobs throughout Northeast Florida are supported by the Port of Jacksonville and the trade, logistics and associated transportation businesses it attracts to region. Deepening the harbor to 47 feet will allow the larger ships now being deployed to the U.S. East Coast through the Suez Canal and after 2015, through the new, wider locks of the Panama Canal, to arrive and depart from JAXPORT more fully loaded.“Standing united for Deep Water Now with our fellow Florida seaports and business leaders sends a message that will resonate far and wide,” said JAXPORT CEO Brian Taylor. “Together we will deliver a deeper harbor and bring home the opportunity that it represents to the citizens of our state and the entire nation.”“Deep Water Now is designed to raise awareness and support for the opportunities harbor deepening can mean to Jacksonville – and our region. I appreciate JAXPORT CEO Brian Taylor for his focus on this important milestone. On behalf of the JAX Chamber, we are proud to be a partner in this important work with JAXPORT and the Florida Ports Council,” said Chamber President and CEO Daniel Davis.Jaxport, October 17, 2013last_img read more

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Maple Leaf Foods posts Q2 sales up 125 fuelled by plantbased protein

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. says its second-quarter sales rose by 12.5 per cent during the period, fuelled in part by growing demand for plant-based protein products.The company says its revenue grew to $1.02 billion, up from $909.2 million a year ago, driven by acquisitions, its value-added product portfolio and continued double-digit growth in plant-based protein.However, it posted a net loss of $6.3 million or five cents per share during the three months ended June 30 due to $60.7 million of non-cash fair value changes on balance sheet items.On an adjusted basis, Maple Leaf reported operating earnings of $65.2 million, or 33 cents per share.  Analysts had expected quarterly revenue of $1 billion and earnings per share of 31 cents, according to the financial markets data firm Refinitiv.Maple Leaf Foods chief executive Michael McCain says its meat protein business delivered excellent profit growth even with difficult market conditions, and it is well-positioned to capitalize on the growing demand for plant-based protein.“We have materially stepped up our game as a leader in the plant-based protein market, positioning us to win in this high-growth business,” he said in a statement. Companies in this story: (TSX:MFI)The Canadian Press read more

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