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Eco-Energy, a biofuel supply chain company, launched its Ethanol Logistics Service on July 11 to reach a broader mix of ethanol buyers and shippers, and create the largest asset-backed logistics management service exclusively focused on ethanol.
The service, which initially is focused on truck transport, will begin operations with $25 million of annual freight under management, according to the Franklin, Tenn.-based company. Eco has partnered with Rocky Mount, N.C.-based Eagle Transport Corp. as the preferred truck carrier for the business, and Eagle will assume certain truck operations currently within Eco-Energy Transportation.
“We recognize a real need to resolve current gaps in ethanol logistics management, as well as proactively address the future constraints we anticipate in this space,” said David Maggied, Eco-Energy’s vice president of transportation.
Eagle Transport President Lance Collette said, “With this venture, Eagle expands our terminal footprint and leverages our Southeastern presence to attain an increased level of value-based services to the ethanol and petroleum markets.” — Transport Topics