Frequently Asked Questions
What is Insight Terminal Solutions?
Insight Terminal Solutions (ITS) is an Oakland-based company comprised of the foremost experienced professionals in maritime transportation and operations as well as trade and logistics.
ITS is committed to operating the world’s most innovative, efficient and environmentally sustainable multiple bulk commodities marine terminals.
ITS seeks to promote economic development in the communities in which it operates, while maximizing workplace safety, terminal volume throughput and customer satisfaction.
ITS’ leadership team includes John J. Siegel, Chairman of the Board and Chief Executive Officer, and James. J. Wolff, Chief Operating Officer.
Mr. Siegel has over 30 years of experience as a founder, owner and operator of vertically integrated coal mining, sales and related companies. Mr. Siegel was the founder, Executive Chairman and CEO of Bowie Resource Partners, LLC (“BRP”), formed in 2013, between Mr. Siegel and a subsidiary of Trafigura, AG (one of the largest commodities traders in the world). At the time, BRP was the largest producer of Western Bituminous coal and the only producer with US West Coast export capacity through the Ports of Stockton and Richmond, California. Mr. Siegel successfully sold significant quantities of Western Bituminous coal into Japan, South Korea, China, Mexico, Guatemala, and Chile, just to name a few of the countries served by BRP. Mr. Siegel transferred the majority of his equity in BRP to Trafigura and its subsidiary earlier this year to concentrate on the Port of Oakland project.
Prior to BRP, Mr. Siegel founded Green Bay Fuels in 1985, purchased Jader Fuels in 1998, and purchased the Bowie No. 2 Mine in Colorado in 2009, (the precursor of BRP).
While heading Green Bay Fuels Mr. Siegel pioneered the “Distribution Center” concept where he partnered with consuming utilities by delivering unit trains of coal to the utility (for its own consumption) and then trucking additional product on a “just in time” basis from the utility to industrial consumers which greatly reduced transportation, logistics, storage and handling costs to the industrial consumers. Coal publications lauded the concept, one headline reading… “Kentucky company to revolutionize industrial procurement.”
Mr. Siegel later partnered with the former Director of Tax of General Electric Energy Financial Services (division of GE Capital) to produce and market nearly $1 billion of Synthetic Fuels Tax Credits to Deutsche Bank and Lehmann Brothers. Mr. Siegel is also active in Tax Credits generated from Refined Coal under §45 of the Internal Revenue Code dealing principally with Berkshire Hathaway Energy and PacifiCorp sites.
Early in 2018, Mr. Siegel founded Insight Terminal Solutions, LLC (“ITS”) for the purpose of subleasing the subject West Gateway Property (“Army Base”) from Oakland Bulk Oversized Terminal, LLC (“OBOT”). OBOT has a 66-year lease with the City of Oakland of the subject Terminal property.
ITS intends to build and operate a state-of-the-art multi-bulk commodities terminal with annual throughput capacity of 6-10 million tons of bulk product, which ITS believes will transform how various commodities are moved throughout the world.
Mr. Siegel holds a Bachelor of Science degree from St. Joseph’s college of Rensselaer, Indiana. He attended Law School at the University of Louisville-Louis D. Brandeis School of Law.
Mr. Wolff has over 30 years of experience in the energy and transportation industries, with a diverse background in finance, operations and business development. Mr. Wolff possesses substantial IPO, M&A and divestitures experience with companies generating revenues between $300 million and $8 billion. Prior to joining ITS he was CFO of Bowie Resources, the CFO of U.S. Coal Corporation and has held senior executive positions with Energy Coal Resources, American Commercial Lines and CSX Corporation. Mr. Wolff holds a Bachelor of Arts degree in Economics from the University of Texas and attended South Texas College of Law.
What is ITS’ role in the Oakland Global Trade and Logistics Center?
ITS will provide world-class terminal and services at the ITS Multi-Commodity Bulk Terminal, which is a part of the West Gateway section of the Oakland Global Trade and Logistics Center (Oakland Global). Oakland Global is the result of a decade and a half of strategic planning and will become a world-class hub and international gateway for transporting goods by seaport, railroad and roadway.
OBOT will use state-of-the-art practices and procedures to facilitate the moving of cargo directly between ships and rail for a variety of bulk agriculture and mineral commodities.
What is the current status of ITS?
ITS is currently conducting project feasibility and due diligence. Conceptual project design is also underway.
Operations are projected to begin in 2018.
What is the capacity of ITS?
ITS will be designed to handle an annual throughput of 9,500,000 metric tons of bulk agriculture and mineral commodities and receive up to three unit trains of 114 rail cars per day.
The terminal will be designed to accommodate Handymax (30,000 tons) to Capesize (130,000) vessels utilizing two state-of-the-art fully enclosed shiploaders.
What commodities will be shipped through ITS?
To feasibly operate and meet established expectations of the bulk-shipping market, a terminal must have the ability and capacity to handle any of the more than 15,000 commodities legally shipped throughout the world. At this time, no single commodity has been committed to or excluded.
Who will provide rail service for ITS?
Rail service will be provided by Union Pacific and Burlington Northern Santa Fe in combination with Oakland Global Rail Enterprise (OGRE) who will provide last mile local rail services.
Will ITS impact the environment in the Oakland area?
Environmental stewardship is a top priority for ITS. ITS will be designed, built and operated to meet and/or exceed the project’s California Environmental Quality Act (CEQA) requirements, as well as, applicable federal and state approvals.
Additionally, air quality mandates set by ITS will be stricter and more tightly monitored and enforced than current standards, resulting in better air quality for the Oakland area. Air quality and emissions related to Port operations in and around West Oakland will be improved under ITS operating standards.
At all times, all operations and commodities processed at ITS will be subject to and in compliance with federal, state, regional and local laws and regulations. ITS is subject to more than 660 mitigation mandates and conditions of approval by the City of Oakland and the Port of Oakland, including the establishment of a strict air quality regimen in compliance with regulations of the Bay Area Air Quality Management District.
ITS is committed to innovation and leverages all opportunities to improve our environmental standards. All commodities shipped through the ITS Multi-Commodity Bulk Terminal will:
- Be transported from origin to the terminal in innovative, specially designed covered rail cars;
- Be discharged from the covered rail cars into an enclosed underground unit with dust control/collection technology;
- Be moved within the terminal in enclosed conveyance systems with dust control/collection technology;
- Be stored within enclosed dome storage unit(s) with dust control/collection technology; and,
- Be loaded onto the vessel using enclosed state-of-the-art ship loaders with dust control/collection technology.
Additionally, the terminal will have air quality and other environmental monitors installed with results available to the public.
What about greenhouse gas (GHG) emissions?
ITS is committed to environmental protection. ITS and Oakland Global commend and embrace California and Oakland’s commitment to lead by example and set extraordinary GHG emissions reduction mandates for the state. The project’s operations will set the standard for compliance with those mandates.
Is the ITS project good for the community?
When the Oakland Army Base closed in 1999, it dismantled a national maritime asset, an economic engine, and a major job generator for the City of Oakland. 5,000 regional jobs were lost as well as 2,000 civilian/military jobs. Oakland was left with decaying, outdated infrastructure, including 93 non-conforming buildings, 4.6 million square feet of obsolete warehouse and 255,000 square feet of unused office space.
Oakland Global will revitalize the Oakland waterfront through job creation and world-class environmental and safety standards, and ITS is a proud partner in this endeavor.
Oakland Global has established an unprecedented community benefits package, including:
- 50% local contracting (more than half of total public infrastructure improvements contract value has been awarded to certified local and small local companies);
- 50% local hours (at least half of horizontal and vertical construction work hours, by contractor and by craft, will be performed by Oakland residents);
- 50% local hire (once the vertical development is complete, at least half of on-going operations workforce will be residents, with a hiring prioritization for West Oakland residents); and,
- Creation of West Oakland Community Jobs Resource Center.
Oakland Global will sustain and create thousands of new jobs in a region that has historically been impacted by nearly 17 percent unemployment.
Once fully built-out, the Oakland Global is projected to create 11,970 jobs, including:
2,686 project construction jobs;
2,724 indirect and induced construction jobs;
2,335 permanent operations jobs; and,
4,225 indirect and induced ongoing jobs.
The fully built-out Oakland Global will produce up to $300 million annually in regional employment income.
ITS is in the process of investing over $250 million for the proposed 66 year life of the project to make those benefits a reality and to generate:
- a construction payroll of $76 million, and
- annual and induced payrolls of $120 million
Upon completion, the Port of Oakland will solidify its positions as the economic engine to drive Oakland’s economy forward for decades to come.
What are ITS’ health and safety standards?
The health and safety of our workers is our number one priority, and we emphasize health and safety in all aspects of our workplace.
All workplace health and safety practices and procedures will be designed and implemented in partnership with the Union Labor using industry best practices.
What is the relationship between CCIG and Terminal Logistics Strategies (“ITS”)?
CCIG has entered into exclusive negotiating agreements with potential future operators of OBOT, the most recent of which is ITS. ITS currently has an exclusive option agreement to become the operator of OBOT and is exploring potential customers and operations as it considers whether to exercise the option. Beyond that contractual link, there is no legal relationship between CCIG and ITS. ITS is not a subsidiary or other part of CCIG. CCIG does not hire ITS employees.