Port of Longview posts record year

By: | at 08:00 PM | Channel(s): Ports & Terminals  

In a presentation to the Board of Commissioners, Executive Director Ken O’Hollaren reported 2009 as a record setting year for the Port of Longview, just one year after reporting records in 2008.
In 2009 operating revenue reached a Port best $25,115,703, a reported 7% higher than $23,486,930 in 2008. Prior to the records set in 2008, the Port had never exceeded the $20 million mark, with the closest being $19,825,917 in 1999. Net operating income (before depreciation) was $2,729,556 in 2009.
“It’s important to note these operating results don’t simply happen by themselves,” said Executive Director Ken O’Hollaren. “They happen as a result of the combined efforts of the entire Port team in support of our customers.”
The Port of Longview recorded 1.5 million metric tons of total cargo handled last year, up 12% from 1.3 million metric tons in 2008. While both imports and exports were up for the year, there was a significant shift in cargos. The overall picture for the year showed a decrease in handling steel products, with a strong increase in logs, bulks and wind energy cargo.
“The synergy of all Port departments is evident in 2009’s successful outcome,” said Commission President Bob Bagaason. “In this tough economic market, the Port of Longview is holding strong.”
In 2009 the Port signed a long term lease for the first export grain terminal built in the United States in more than 25 years. EGT is currently under construction, providing a much needed boost in jobs and revenue to the region. The $200 million private development is expected to be online for the fall 2011 harvest.

American Journal of Transportation