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 - LM Editorial

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

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.

less than one percent of all U.S. businesses export, and of those that do, the majority interacts only with NAFTA trading partners Mexico and Canada.

Article Topics

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

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers 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. Contact Patrick Burnson

Comments

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


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA