Not really if you dig a little bit.
Biggest issue is that Eilat is very far from the Israeli centers of population, and I didn't know the nearest rail access is 100 km/60 miles away! Which rather puts a damper on activity. It was kept alive by government action for a long time, it's certainly still a naval base to the extent it was for subs I would think, and it might return in a new location in the city.
But mostly it's just stranded, since it's so very, _very_ cheap to ship stuff by ... ship, and thus the extra distance to get to the Med ports in Israel will almost certainly cost less than unloading in small volumes then putting containers on trucks.
I right now can't think of an American equivalent.