Between 2002 and 2006, Tacoma set successive container throughput records, with volumes growing from 1.5m to 2.1m teu. In 2007, volumes dropped to 1.9m teu.
Port Executive Director Timothy Farrell expects a recovery in 2009, when Tacoma containerised cargo volumes are forecast to rise to new record levels. “Over the long-term, world trade is expected to triple by 2030. We have an opportunity to capture this trade growth for the economic benefit of the communities,” he said.
The port’s financial performance remained strong with operating revenues up 6.3% from 2006 to US$97.6m.