A mid-year tonnage report from the Port of Vancouver says it “came out strong” for the first half of 2017, gaining revenue and cutting expenses.
Compared to 2016, revenue is up more than 5 percent and expenses down more than 5 percent. The port’s operating margin now stands at nearly 26 percent, an 8 percent boost over 2016’s.
The port said commodities have performed strong so far this year. Steel, grain and fertilizer this year are all above last year, and 2016 was a record tonnage year for the port.
However, the port is “keeping a close eye” on the market, given uncertainties around trade policies and the global economy, it said.