MEMPHIS, Tenn., March 27, 2019 /PRNewswire/ — Fullen Dock and Warehouse, a full-service river terminal located at mile marker 740 of the Mississippi River, today announced that it has been designated as a Foreign-Trade Zone (FTZ). FTZs are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation.
“An FTZ designation provides a competitive edge to Fullen Dock, our customers and the City of Memphis,” said Lanny Chalk, terminal manager at Fullen Dock and Warehouse. “We are thrilled to be classified as such and foresee tremendous opportunities for future growth.”
Located in or near CBP ports of entry, FTZs are the United States’ version of what are known internationally as free-trade zones. Per the CBP, foreign and domestic merchandise may be moved into zones for operations, not otherwise prohibited by law, including storage, exhibition, assembly, manufacturing and processing. All zone activity is subject to public interest review, and foreign-trade zone sites are subject to the laws and regulations of the United States, as well as those of the states and communities in which they are located.
While there are a few FTZs in the Memphis area, Fullen Dock is the only one in the terminal and warehouse space. In addition to minimizing bureaucratic regulations, this designation can significantly reduce costs from customs duties, taxes and tariffs, thus improving competitiveness on a global scale.
Founded in 1979, Fullen Dock has three floating docks providing continuous service during high and low river conditions; 450,000 sq. ft. of warehouse storage; 750,000 sq. ft. of paved outside storage; 700 acres of property within six miles of Downtown Memphis; more than 100,000 tons of limestone aggregate inventory; a fleet of 50 trucks and 100 trailers; direct connection to the Canadian National (CN) Railway; river fleeting and tug services; and an extensive list of mobile equipment, transloading conveyors, material handlers and a 100-ton capacity cable crane. Fullen Dock became part of the Enstructure family of companies in 2018.
About Fullen Dock and Warehouse
Fullen Dock and Warehouse is a full-service river terminal, warehousing, trucking, limestone supply and logistics company located at Mile 740 of the lower Mississippi River, approximately six miles north of Downtown Memphis. Fullen Dock clients include barge brokers, freight forwarders and manufacturers requiring barge services, harbor and tug services, transshipment, trucking and storage within the Mid-South and to other continental U.S. regions. Founded in 1979 in Memphis, “America’s Distribution Center,” Fullen Dock is located near the junction of I-40 and I-55, with open rail access to CSXT, Burlington Northern, Union Pacific and Norfolk Southern. For more information, visit www.fullendock.com or call (800) 467-7104.
Enstructure LLC is a privately-owned terminals and logistics infrastructure company. The company acquires, operates and actively manages dry and liquid bulk terminals, as well as other logistics and energy infrastructure assets throughout North America.
Contact: Beth Wilson, inferno
SOURCE Fullen Dock and Warehouse