Friday , 24 January 2020
Latest News
After several years of record cargo performance, Port of Tacoma cargo volumes flattened in 2007 due, in part, the port says, "to a softening U.S. economy, a weakening national housing market and the rising cost of inland transportation."

Tacoma’s flat 2007

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.

The port’s 2008 cargo forecast includes: total tonnage: 20.1m tons (+3%), 2.05m teu (+ 6%), breakbulk 131,000 tons (+6%) and 525,350 intermodal lifts (+9%)