Port releases Annual Report

Titled “The Top 10 Stories of the Year,” the Port of Tacoma’s 2005 Annual Report focuses on efforts that the Port and its business partners are making to increase cargo capacity and ensure the capacity for customer success in the future.

The publication features a unique design that mimics the look and feel of a December 31 edition of a consumer news magazine – looking back at the stories that shaped the year. For the Port of Tacoma, those stories are:

Setting New Cargo Records – In 2005, Port of Tacoma records were set for total tonnage, container volume, intermodal activity and grain.

Increasing Rail Capacity – The Port is investing heavily in rail infrastructure throughout the Port area and is working with BNSF Railway, UP Railroad and Tacoma Rail to enhance rail capacity.

Developing Terminal Capacity – In 2005, the Port of Tacoma opened three new container terminals – Pierce County Terminal, Husky Terminal and Olympic Container Terminal.

Strengthening Labor Capacity – Since 2004, Tacoma’s longshore workforce has grown 43 percent. Meanwhile, the number of casual longshore workers has increased 240 percent.

Expanding Economic Impact – An economic impact study released in 2005 documented that more than 43,000 family-wage jobs in Pierce County are related to Port of Tacoma activity.

Growing with Alaska – Alaska accounts for 23 percent of the Port’s total trade volume.

Driving Non-Containerized Cargo – 2005 was a strong year for non-containerized cargo. The long-term forecast for breakbulk, bulk grain, specialty and autos in Tacoma is strong.

Caring for the Environment – Since the early 1980s, the Port has invested more than $162 million in a wide range of environmental projects; 2005 represented a shift of focus from environmental cleanups to ongoing stewardship.

Promoting Industrial Development – The Port’s investment in Frederickson, an area 13 miles from Port terminals, in the 1960s and 1970s is paying high dividends for the people of Pierce County today.

Building Financial Capacity – In 2005, the Port delivered on its promise to be a financially sound organization with financial capacity to fund the capital projects that will fuel future Port growth and success.

To view the full Port of Tacoma 2005 Annual Report (PDF format), visit http://www.portoftacoma.com .