Business View Magazine | October 2019

122 BUSINESS VIEW MAGAZINE OCTOBER 2019 T erminals provide essential logistics services that connect the U.S. economy with overseas markets and support domestic commerce in bulk liquid products. Liquid terminals facilitate the movement of bulk liquids between transportation modes, whether it be from ship to truck, ship to barge, or pipeline to rail. Our members’ facilities are a critical link in the movement of liquid commodities, such as crude oil, petroleum products, chemicals, fertilizers and liquid foods that are central to the U.S. and world economies. Global markets for crude oil, petroleum products and chemicals are changing dramatically, and that means trade flows are evolving as well. As a key link needed to facilitate transportation of liquid commodities, liquid terminals are a dynamic and growing sector. In response to shifting trade patterns such as increases in U.S. oil production, new construction and expansion of terminals is underway to serve growing export demand. This includes facilities to store and handle commodities destined for use in the United States, as well as those slated for export. The International Liquid Terminals Association is the only AT A GLANCE INTERNATIONAL LIQUID TERMINALS ASSOCIATION WHAT: A trade association with an exclusive focus on the liquid terminal industry WHERE: Arlington, VA WEBSITE: www.ilta.org s ILTA adapts to meet the needs of an innovative, dynamic liquid terminal industry By Kathryn Clay