Port of Tacoma Commission Authorizes 2004 Budget
Closing 2003, a year in which the Port of Tacoma projects a record 1.73 million TEUs (twenty-foot equivalent 'containers') and projects a record $83.8 million in total revenue, the Port Commission has authorized a 2004 budget designed to continue the Port's focus on long-term investments in facilities, regional economic development and the environment. The $194.7 million budgeted for 2004 capital improvements represents the first year of the Port's five-year, $321.3 million Capital Improvement Program (CIP). According to Andrea Riniker, Executive Director, these new capital projects and investments are not only supporting the Port of Tacoma's expansion plans…
Port of Tacoma Authorizes Budget
focus on long-term investments in facilities, regional economic development and the environment. Program (CIP). Tacoma-Pierce County economy. environmental cleanup and wildlife habitat restoration. debt. market, this is the ideal time for the Port to make these investments. the long-term nature of Port investments. projecting steady growth, but not the dramatic growth of 2002 and 2003. levy. valuation; this amounts to $37.18 on a $200,000 home. allowed to levy a tax of 45 cents per $1,000 of assessed valuation. remaining fiscally responsible," he said. tax levy is projected to generate $9.2 million in 2003.
AAPA to Honor Senator Murray
U.S. Senator Patty Murray (D-WA) has been selected as Port Person of the Year by the American Association of Port Authorities (AAPA), the organization representing public ports throughout the Western Hemisphere. It is AAPA's most prestigious annual award, honoring an individual whose outstanding work or service has made a significant contribution to public port authorities and/or maritime commerce. The award will be presented to Senator Murray on March 23 at 8:30 a.m. during AAPA's annual Spring Conference, held at the Washington, D.C. Park Hyatt Hotel. The Port of Seattle, the Port Authority of New York and New Jersey, and the Port of Tacoma nominated Murray for the Port Person of the Year honor, which was ultimately decided by AAPA's Executive Committee upon review of all nominations.
Senator Murray Selected as AAPA Port Person of the Year
U.S. Senator Patty Murray (D-WA) has been selected as Port Person of the Year by the American Association of Port Authorities (AAPA), the organization representing public ports throughout the Western Hemisphere. AAPA’s annual award, honors an individual whose outstanding work or service has made a significant contribution to public port authorities and/or maritime commerce. The award will be presented to Senator Murray on March 23 during AAPA’s annual Spring Conference, held at the Washington, D.C. Park Hyatt Hotel. The Port of Seattle, the Port Authority of New York and New Jersey, and the Port of Tacoma nominated Murray for the Port Person of the Year honor, which was ultimately decided by AAPA’s Executive Committee upon review of all nominations.
Port of Tacoma Picks New Director
The Port of Tacoma Commission today selected Timothy J. Farrell as the Port's Executive Director, effective January 1, 2005. Farrell has served as the Port of Tacoma's Deputy Executive Director since 2000 and as Acting Executive Director since July 1, 2004. Andrea Riniker, who has served as the Port's Executive Director since 1997, will continue on in a transitional role until January 1, 2005. She will work with the Port Commission, and travel with Farrell and Port of Tacoma Commission President Clare Petrich to meet with customers to assure a smooth changeover to Farrell's leadership. Before joining the Port of Tacoma four years ago, Farrell, 38, was Deputy Port Director of Business & Administration for Massport, Boston.
Port of Tacoma to Build New Terminal
Evergreen Marine Corporation (Taiwan) and the Port of Tacoma announced an agreement to relocate operations from Terminal 4 to Pierce County Terminal. project in the Port's 85-year history. Commission President. that they will be a major part of that future. Evergreen America Corp., agents for EMC. America. our ocean and intermodal services according to customer demand. benefits all of us involved in international trade. equivalent units). total with an annual capacity of approximately 1.2 million TEUs. of Tacoma finished 2002 with a record volume of 1.44 million TEUs. infrastructure. later date. Dugan. Blair. lift and other specialty cargoes. acreage is now used for auto storage. Terminal. several potential Port of Tacoma locations. a major container terminal.
Port of Tacoma Posts Record Year
generated operating revenue of $72.9 million, up 19 percent from 2001. previous record was set in 2000 at $62.3 million. Director. on our laurels. units) -- an 11.4 percent increase from 2001. be exceeded. that Phase 1 of the new terminal is scheduled for completion in late 2004. was the largest single factor in this growth. (transfers of containers between ship and rail) increased markedly in 2002. percent from 2001. led by a 69 percent gain at the North Intermodal Yard (NIM). Corp. and from "K" Line's partnership with Hanjin Shipping Co., Ltd. significantly expanding its cargo volume through Tacoma. Transportation.
Port of Tacoma Doubling Growth Rate of West Coast Ports
Following a record-breaking year, container volumes at Port of Tacoma continue to grow rapidly. Through the end of May, the Port's total container throughput is 28 percent ahead of the same period in 2002 -- more than double the average growth at other West Coast ports (roughly 13 percent). "These numbers are remarkable," said Andrea Riniker, the Port's Executive Director. "All 2003 projections pointed to moderate growth after last year's record volumes, but our throughput has never slowed, and we continue to set weekly records for intermodal lifts as we build for another record-breaking year. All of our international carriers have posted significant increases in container throughput.
