Repauno Port & Rail Terminal Announces Hank Alexander as Chief Executive Officer, Successfully Loads First Marine Vessel

Rhea-AI Summary

Repauno Port & Rail Terminal in Gibbstown, NJ has appointed Harry J. (Hank) Alexander as CEO. The terminal successfully loaded its first Liquified Petroleum Gas marine vessel using a new rail-to-ship loading system. With over 25 years of industry experience, Mr. Alexander previously held senior roles at Energy Transfer and Sunoco Logistics. Chairman Joe Adams expressed confidence in Alexander's leadership for the terminal’s strategic growth. The facility is designed for versatile freight handling and is strategically located near major highways.

Positive

• Appointment of Hank Alexander as CEO with over 25 years of industry experience.
• Successful loading of the first Liquified Petroleum Gas marine vessel.
• Strategic location of Repauno Port & Rail Terminal on the Atlantic Seaboard.

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• None.

GIBBSTOWN, N.J., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Repauno Port & Rail Terminal, located along the Delaware River in Gibbstown, New Jersey, announced today that Harry J. (Hank) Alexander has been named Chief Executive Officer. In addition, the facility has successfully received and loaded its first Liquified Petroleum Gas marine vessel, utilizing a new state of the art rail-to-ship loading system. Repauno Port & Rail Terminal is a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI).

Mr. Alexander brings more than 25 years of industry experience to the position, having most recently served as Senior Vice President of Commercial Operations for Energy Transfer, and previously with Sunoco Logistics Partners. While at Energy Transfer, Mr. Alexander was responsible for commercial, strategic growth and revenue related activities. His professional experience also encompasses operations, engineering and construction management roles.

“We are very pleased to have Hank assume the role of Chief Executive Officer at Repauno, and we are proud to have safely loaded the first marine vessel at our facility,” said Joe Adams, Chairman of the Board and Chief Executive Officer of FTAI. “The state of the art terminal is designed to safely and efficiently handle a wide variety of freight, providing critical logistics services to a multitude of industrial segments, and Hank will bring strategic oversight, vision and leadership to guide this facility toward realizing its full potential as a world class multimodal hub.”

The newest marine terminal on the Delaware River, Repauno Port & Rail Terminal is uniquely positioned as a premier multimodal facility on the Atlantic Seaboard. The deep water terminal is located on 1,600 acres in Gibbstown, New Jersey with underground granite storage cavern infrastructure, a new multipurpose dock, unit train rail capability and convenient truck access to interstates I-95 and I-295. For more information on Repauno Port & Rail Terminal, please visit www.repauno.com.

About Fortress Transportation and Infrastructure Investors LLC

Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.

For further information, please contact:

Alan Andreini
Investor Relations
Fortress Transportation and Infrastructure Investors LLC
(212) 798-6128
aandreini@fortress.com

FAQ

Who is the new CEO of Repauno Port & Rail Terminal?

Harry J. (Hank) Alexander has been appointed as the new CEO.

What milestone did Repauno Port & Rail Terminal achieve recently?

The terminal successfully loaded its first Liquified Petroleum Gas marine vessel.

What experience does Hank Alexander bring to Repauno Port & Rail Terminal?

He brings over 25 years of industry experience, having served in senior roles at Energy Transfer and Sunoco Logistics.

Where is Repauno Port & Rail Terminal located?

It is located along the Delaware River in Gibbstown, New Jersey.

What type of freight does Repauno Port & Rail Terminal handle?

The terminal is designed to handle a wide variety of freight, including Liquified Petroleum Gas.

What is the significance of Repauno Port & Rail Terminal's location?

It is strategically positioned on the Atlantic Seaboard with convenient access to major highways.