Port of Longview hits revenue record in 2009
Friday, March 12, 2010
The Port of Longview posted a $2.7 million profit in 2009 on record revenues of $25 million in 2009, up 7 percent compared with the previous record of $23.5 million in 2008.
Imports and exports were up for the year, with 1.5 million metric tons of cargo handled at the port, up from 1.3 million tons in 2008.
Steel-product shipping was down, but the port saw a strong increase in logs, bulks and wind-energy cargo.
A long-term lease was signed in 2009 for the first export grain terminal built in the U.S. in more than 25 years, which is now under construction. The $200 million private development is expected to be online for the fall 2011 harvest.
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