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Port Performance: Vancouver USA

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Vancouver USA: 2014 Port Revenue, Cargo Tonnage Hit Record Highs

The Port of Vancouver USA  reports 2014 was a banner year. Operating revenue reached a record $37.5 million, up 25 percent from 2013, while cargo throughput jumped 47 percent to an all-time high of 6.6 million metric tons. 

Exports were up 37 percent.  Grain alone jumped 53 percent to 2.59 million tons, reflecting year-on-year increases of 115 percent for corn, 89 percent for soybeans and 31 percent for wheat.  

United Grain Corp. moves the majority of grain at the Port of Vancouver. For years, the company has partnered with the port to invest in infrastructure and facilities that support a competitive and growing global grain market.

Imports skyrocketed 118 percent in 2014. Steel slabs, a new commodity for the port in 2014, boosted total import steel throughput to 590,170 metric tons, a 495 percent increase from 2013. Wind energy components, such as towers and blades, were up 234 percent. Additionally, Subaru of America imported 81,718 vehicles through the port in 2014, an increase of 18 percent.

As for 2015, the port expects continued business growth as customers and tenants capitalize on strategic investments the port made in rail, docks and other infrastructure throughout the recession.

Subaru is adding 15,000 square feet to its current facility to support new sales growth and future goals. Sunlight Supply plans to build a 285,000-square-foot facility at the port’s Centennial Industrial Park to consolidate its operations in Southwest Washington.

The port is also undertaking development at Terminal 1, its birthplace on the Columbia River. Known as the Waterfront Legacy Project, the development may include a mixed-use building, new hotel and public attractions on the waterfront. The port is working with consultants to determine feasibility and develop a master plan for the site.

Longshore workers at the Port of Vancouver USA transfer steel slabs from ship to truck.
Photo/Port of Vancouver USA
 

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