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

Phoenix-based Knight Transportation, one of the top and most profitable truckload companies said this week it has acquired Barr-Nunn Transportation, a dry van truckload carrier based near Des Moines, Iowa.

A weak fourth quarter growth forecast is on the horizon for ocean container volumes in Northern Europe, according to the most recent edition of the Global Port Tracker report from maritime consultancy Hackett Associates and Institute of Shipping Economics and Logistics.

3PL makes its first acquisition in its 85-year history with purchase of the Southeast and Northeast regional hubs of Bloomington, Indiana-based 3PL Nexus Distribution Corporation.

Jacksonville, Fla.-based Florida East Coast Railway (FECR), a 351-mile freight rail system on the state’s east coast, recently made two separate announcements. One had to do with an expansion of intermodal services between Charlotte, N.C. and various locations in South Florida and another was related to the company boosting its intermodal capacity through the addition of new equipment.

The International Air Transport Association (IATA) announced August 2014 data for global air freight markets showing continued “robust”growth in air cargo volumes.

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 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA