Investor Watch: February 2, 2026

The next chapter of the Micron story in Singapore means more stories at its manufacturing site. Anduril follows up 4,000-job project in Columbus, Ohio, with what it says will be a 5,500-job project in Long Beach. Digital Edge’s hyperscale data center campus will be its third investment in Greater Jakarta.

TENNESSEE VALLEY AUTHORITY INTELLIGENCE REPORT

Read between the headlines and you’ll find TVA’s positive influence across all 80,000 square miles of its territory. Seven snapshots of localities from Corinth, Mississippi, to Bowling Green, Kentucky, tell the story. Plus: See which area of that territory have attracted the most projects over the past three years.

WESTERN CANADA

As Western Canada markets remain robust, a new federal office will help that region and others by expediting major projects.

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Sparrows Point Container Terminal is a proposed 330-acre redevelopment project consisting of 165 acres for a new container terminal and intermodal yard, with an additional 165 acres for support facilities.
Rendering courtesy of SPCT

The U.S. Army Corps of Engineers in January issued a permit for the proposed Sparrows Point Container Terminal, a $1 billion, 330-acre project backed by Tradepoint Atlantic and Mediterranean Shipping Co. subsidiary Terminal Investments Limited that would be constructed at the redeveloped steel mill site on Baltimore Harbor.

The project would be the next chapter in the Sparrows Point redevelopment story, which Tradepoint Atlantic initiated in 2014. Site Selection’s coverage of the location’s transformation has included an early mention in the 2015 story “The Line of Equivalence”; a July 2021 Investment Profile for the Maryland Department of Commerce; and a story later that year about the return of steel manufacturing to the site in order to make monopiles for offshore wind projects (some of which are now in peril due to the Department of Interior’s pullback of support for the sector).

The proposed container terminal would double the Port of Baltimore’s capacity. Meanwhile, Maryland Gov. Wes Moore last week announced that the port’s state-owned public and private marine terminals set new records in 2025 for total cargo vessel visits and container activity. Combined, the port’s state-owned terminals and private terminals handled 2,223 cargo vessel visits in 2025, surpassing the previous record of 2,137 ships set in 2023. And a new record of 1,113,309 twenty-foot equivalent units (TEUs) were moved through the Seagirt Marine Terminal last year, exceeding the 2023 record by more than 5,000. “The record year follows the port’s historic recovery in 2024 following the Francis Scott Key Bridge collapse,” the governor’s office stated in a release, “an achievement made possible by the coordinated effort to clear the Fort McHenry shipping channel into the Port of Baltimore.”

This year also will see completion of the CSX Howard Street Tunnel Project, a $518 million initiative to modernize a 130-year-old freight tunnel in Baltimore. “The new freight tunnel will allow the port to accommodate double-stacked container trains, increasing the Port’s capacity, while increasing competitiveness with regional ports — expanding potential business opportunities,” said the governor’s press release. “The project is expected to increase the Port’s business by approximately 160,000 containers annually and generate nearly 14,000 jobs.”

Watch for more about Maryland and about coastal Virginia next door in the highly anticipated March 2026 issue of Site Selection.

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Visitors look over the floor at the recent IATA Slot Conference in Lisbon, Portugal.
Photo courtesy of IATA

The International Air Transport Association (IATA) in December released its annual global outlook for air transport. Among its projections: “In times of uncertainty, when speed matters most, air freight remains the preferred option. As a result, air cargo traffic is projected to grow by 2.6% in 2026.” Also: “Regionally, Europe is set to deliver the highest net profit, very much thanks to Turkey’s stellar performance. The Middle East is the region with the highest profit margins.”

Last week the IATA released full-year air cargo data from 2025 that showed air cargo demand, measured in cargo tonne-kilometers (CTK), increased by 3.4% over 2024.

Watch for more on air cargo’s importance and an interview with IATA Global Head of Cargo Brendan Sullivan in the March 2026 issue of Site Selection.

Photo courtesy of Tsuneishi Shipbuilding Co.

Japan-based Tsuneishi Shipbuilding Co. recently announced that Tsuneishi Heavy Industries, its manufacturing base in Cebu, Philippines, delivered the world’s first methanol dual-fueled KAMSARMAX bulk carrier on January 15. At the naming ceremony, the vessel was named “Brave Pioneer” by Ferdinand R. Marcos Jr., president of the Republic of the Philippines.

“By adopting methanol as a propulsion fuel,” the company said in a release, “the vessel achieves a reduction of approximately 10% in carbon dioxide (CO2) emissions, 80% in nitrogen oxides (NOx), and 99% in sulphur oxide (SOx) during operations compared with conventional vessels. The use of green methanol further enhances the vessel’s potential to reduce environmental impact and promote environmentally responsible shipping.”

Founded in 1917, Hiroshima-based Tsuneishi employs nearly 850 people and maintains manufacturing bases in Japan, the Philippines and China.