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 ·

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

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 [email protected]

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!

Latest Whitepaper
The Internet of Things and the Modern Supply Chain
Learn today how the internet of things is transforming supply chain operations.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...