Insight Terminal Solutions
Insight Terminal Solutions is a bulk terminal developer with offices in Louisville, KY, and in Oakland, California. "ITS" was established July 1, 2018, and by John J. Siegel, Chairman of the Board and Chief Executive Officer, and James. J. Wolff, Chief Operating Officer[1]. ITS has played a key role in the Oakland Coal Issue in that it is co-developer of a planned facility called Oakland Bulk and Oversized Terminal. After first approving the Oakland Bulk and Oversized Terminal, the City of Oakland issued a ban against the handling of coal - one that was specifically focused on the OBOT. That ban was struck down as illegal in Federal court[2].
Both Siegel and Wolff created Insight Terminal Solutions after Mr. Siegel resigned from Bowie Holdings on March 28th, 2018, and to "work on other coal related opportunities, including acquisitions, Section 45 tax credit transactions and terminal facilities."[3]
Insight Terminals Solutions, was established and staffed to concentrate on the development of a facility called the Oakland Bulk and Oversized Terminal[4]. To that end, Insight Terminals Solutions entered into a development agreement with Oakland-based California Capital Investment Group (CCIG), and its Managing Partner Phillip H. Tagami. The Insight Terminals Solutions' website[5] explains that "ITS will provide world-class terminal and services at the ITS Multi-Commodity Bulk Terminal" that is actually later referred to as the Oakland Bulk and Oversized Terminal.
The Oakland Bulk and Oversized Terminal is a "just-in-time" shipment facility developed with what then-City of Oakland Economic Development Director Fred Blackwell called a "concern for the environment" in 2012 [6]. The Oakland Bulk and Oversized Terminal receives commodities by covered rail car, those contents are off-loaded and stored temporarily in domes next to a shipping terminal. A system of conveyer belts moves the commodities from rail to ship.[7]
Construction of the Oakland Bulk and Oversized Terminal has been delayed by actions of the City of Oakland and with respect to the concern for handling coal. The politics turned against the project in 2014, and before the ITS CCIG partnership, due to the Oakland City Council's concern that the Oakland Bulk and Oversized Terminal would handle coal. However, a new report found that the City of Oakland not only knew that coal was part of the mix of commodities, but also had a role in hiring a consultant to determine that the best commodity market for the facility was provided by the America to Pacific Rim trade share of the coal industry[8].
As this is written, Mr. Tagami has already filed one lawsuit against the City of Oakland[9], and has launched another one that's going through the adjudication process[10] As of this writing, Insight Terminal Solutions has filed for temporary bankruptcy[11].
In an effort to help make the Oakland Bulk and Oversized Terminal as environmentally friendly as possible, Phil Tagami introduced the Oakland Global Rail Enterprise (OGRE) low-emissions rail engine. The OGRE will be used to haul commodities to and from OBOT in planned covered cars. [12]
References[edit]
- ↑ Website | url=http://insightterminals.com | title=Home
- ↑ url=https://www.latimes.com/business/la-fi-oakland-port-coal-20180515-story.html |title = Judge strikes down Oakland's ban on shipping coal through port|date = 2018-05-15
- ↑ Bowie Resource Partners Announces Resignation of John Siegel | url=https://www.prnewswire.com/news-releases/bowie-resource-partners-announces-resignation-of-john-siegel-300621117.html |title = Bowie Resource Partners Announces Resignation of John Siegel
- ↑ "FAQ".
- ↑ website | url=http://insightterminals.com/faq/ |title = FAQ
- ↑ Oakland Bulk & Oversized Terminal Called Envrionmentally Friendly in 2012 | url=https://oaklandnewsnow.com/2019/03/03/oakland-bulk-oversized-terminal-called-envrionmentally-friendly-in-2012/ |title = Oakland Bulk & Oversized Terminal Called Envrionmentally Friendly in 2012|date = 2019-03-03
- ↑ https://www.youtube.com/watch?v=6A40jXgpiZU
- ↑ City of Oakland Knew Oakland Bulk & Oversized Terminal Handled Coal | url=https://oaklandnewsnow.com/2019/04/10/city-of-oakland-knew-oakland-bulk-oversized-terminal-handled-coal-in-2009/ |title = City of Oakland Knew Oakland Bulk & Oversized Terminal Handled Coal|date = 2019-04-10
- ↑ Oakland Coal Company Dissolves, Reconstitutes | url=https://www.eastbayexpress.com/oakland/oakland-coal-company-dissolves-reconstitutes/Content?oid=21998540 |title = Oakland Coal Company Dissolves, Reconstitutes
- ↑ Phil Tagami City of Oakland Coal Lease Lawsuit - Interview with His Lawyer | url=https://oaklandnewsnow.com/2018/11/12/phil-tagami-city-of-oakland-coal-lease-lawsuit-interview-with-his-lawyer/ | title=Phil Tagami City of Oakland Coal Lease Lawsuit - Interview with His Lawyer| date=2018-11-12}}
- ↑ https://34.204.162.250/public/case/29109880/INSIGHT_TERMINAL_SOLUTIONS,_LLC
- ↑ Oakland News: Phil Tagami's Low Emissions OGRE Locomotive Fights Climate Change | url=https://oaklandnewsnow.com/2019/08/23/oakland-news-phil-tagamis-low-emissions-ogre-locomotive-fights-climate-change/ |title = Oakland News: Phil Tagami's Low Emissions OGRE Locomotive Fights Climate Change|date = 2019-08-23
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