Empire Diversified Energy, Inc. announced today that after an extensive feasibility process with the State of West Virginia, its wholly owned subsidiary Empire Trimodal Terminal, LLC. will be authorized to operate as "The Port of West Virginia."
Frank Rosso, the CEO of Empire Diversified, spoke to the continuing sequence of stages in Empire's plan for business development in West Virginia: "We are very excited about this opportunity to represent the great State of West Virginia. Our plan to build a multifunctional inland water port terminal is already in progress."
Current economic conditions have created a positive environment for this type of development: "The completed expansion of the Panama Canal has seen oversize Post Panamax ships (24,000 containers) coming into the United States every day. This expansion has created a need for new inland water terminals to accommodate this increasing traffic and assist in distribution. We believe Empire, through 'The Port of West Virginia,' is perfectly positioned to take advantage of this opportunity, both in terms of inbound and outbound container movement."