Subscribe to our free, weekly email newsletter!


Port of Seattle remains in the black while building for the future

The budget also invests over $9 million in transportation infrastructure and $11.6 million in environmental projects.
By Patrick Burnson, Executive Editor
December 01, 2010

The Port of Seattle Commission authorized the port’s annual budget and plan of finance yesterday, approving nearly $500 million in capital projects and maintaining the agency’s tax levy at $73.5 million.

The budget also invests over $9 million in transportation infrastructure and $11.6 million in environmental projects.

“Generating jobs, protecting our environment, and holding taxes flat – those are our priorities and they are reflected in this budget,” said Commission President Bill Bryant.

Dollars from the port’s tax levy are invested in capital and environmental projects as well as freight mobility projects that improve access to port facilities.

Earlier last month, the port’s managing director, Linda Styrk, told LM that investment in sustainable infrastructure was key to future strategy:

“Because we are closer to Asia than any other U.S. port, Seattle has benefitted by attracting new business,” she said. “Now billing itself as ‘The Green Gateway,’ Seattle is promoting shorter ocean transit times and lower fuel consumption.

In May of last year, the port released the results of a study revealing that Puget Sound ports offer the lowest carbon footprint for cargo shipped by sea from Asia to major markets in the Midwest and East Coast, said Styrk.

“This is a competitive advantage that we believe will attract higher cargo volumes through our load center,” she added. “And, it’s an environmental advantage because those same shipments require less fuel, and therefore lower greenhouse gas emissions, from point to point.”

Projects funded in the 2011 budget include:
? Pre-conditioned air project: Sea-Tac Airport is building a pre-conditioned air facility that will allow planes to plug into centralized air, rather than running engines or diesel generators to power plane operations while at the gate. The project is expected to reduce emissions by 50,000 metric tons each year – the equivalent of removing 8,700 cars from the road.
? Congestion relief: The port is investing nearly $8 million in projects like the East Marginal Way grade separation and FAST Corridor projects in Auburn and Kent.
? Environmental investments: Over $9 million will be invested in the Green Port Initiative, a comprehensive program implementing storm water treatment, energy conservation, and emission reduction programs across port facilities.

Furtermore, added port spokesmen, Seattle is forecast to end 2010 in the black with a net income of $53 million

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Does your organization struggle with the integration of information between your internal systems, processes and partner portals? You're not alone! Kapow Software alongside EFT has surveyed over 200 organizations regarding the importance of information access, visibility and discusses some of the major goals for supply chain and logistics organizations.

The U.S. Department of State maintained Thailand’s Tier 3 ranking, the lowest category, in its annual Trafficking in Persons (TIP) Report, which was released this week.

During this webcast we'll explore how supply chain execution convergence (SCEC) helps break down the barriers resulting from disparate, fragmented technology solutions allowing you to more effectively serve customers, adapt to changing business cycles, and save both money and resources.

Between a consumer-led revolution, competition from Amazon, international sourcing, and port shutdowns, retail supply chains are challenged like never before. A new e-book and self-assessment tool offer benchmarks and insights into how supply chains can keep up with the retail consumer.

The report, entitled “U.S. Freight Transportation Forecast to 2026, which is drafted by ATA and IHS Global Insight, calls for a 28.6 percent hike in annual freight tonnage, as well as a 74.5 percent gain in freight revenues to $152 trillion in 2026.

Article Topics

News · Freight · Green · Container · Transportation · Shipping · Seaports · Seattle · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA