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Port Report–

Posted on 26th May 2010 at 07:47

The Port of Longview released first-quarter tonnage reports yesterday, and at this time, it looks like the Port is on track for another record year. An upswing in log and grain exports has revenues up 27 percent over the first quarter of last year. The report released yesterday shows operating revenues of $7.3 million, compared to $5.8 million in the first quarter of last year. Operating income is also up, reported at $1 million, compared to $780,000 in the same period last year. Exports for the quarter are up by huge amounts; log exports are up 256 percent, and bulk grain exports to the Asian mainland. After having none of those exports in the first quarter last year, the Port has moved more than 427,000 tons this year. Total imports are down slightly, and wind energy movements are also down substantially. Last year, the port move nearly 22,000 tons of wind components in the first quarter; this year, that number is less than 9,000 tons. It’s hoped that the increase in log and grain exports will continue to fill the gap before the EGT Grain Terminal is completed late next year.