Longview Operating Revenue Tops $33 Million in 5th Record Year

The Port of Longview reports operating revenue hit a record high in 2012 for the fifth year in a row. The annual report presented to the port’s commissioners also revealed a nearly 20 increase in operating income from 2011, which was also a record year. The port said the revenue numbers reflect "the continued strength" of its diversified cargo base – bulk grains and agricultural products, calcined petroleum coke, logs, steel and wind energy equipment. 

In detail, the 2012 financial data show port operating income of $33.8 million, up from $28.3 million in 2011, and a marginal increase in operating expense, to $25.8 million from $25.6 million. Cargo throughput jumped from 2.2 million to 6.3 million metric tons, largely because of the port’s new EGT export grain facility.

"We’re very proud of what we accomplished with the help of our customers and strategic partners in 2012," said Port CEO Geir-Eilif Kalhagen. "We’ve worked hard to mitigate our risks during the recent global economic downturn, and as we see the broader shipping markets coming back to life, we’re positioning ourselves to capitalize on the new opportunities we see on the horizon."

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