TwitterFacebookRSS Print Friendly and PDF

GE impressions

Rail News Leader - Progressive Railroading

become a membernewsletters signup

<< Rail Magazine Articles Home


Intermodal Article
Seattle port sets next year's budget

The Port of Seattle Commission last week approved a 2013 budget that projects annual revenue of $550.6 million, which would represent a 6.5 percent increase compared with 2012.

The port's operating expenses are budgeted at $328.9 million, up 6.2 percent year over year, and net income before depreciation is forecasted at $221.7 million, up 7.1 percent.

The Seaport Division — which manages four cargo, one grain, one barge and two cruise terminals, as well as industrial properties connected with the businesses — is projected to generate 2013 revenue of $110.3 million, which would represent an 11.9 percent year-over-year increase. Operating expenses are forecasted to rise 1.1 percent to $47 million and net income before depreciation is forecasted to jump 21.5 percent to $63.2 million.

The budget also contains $225.5 million for various capital projects, including improvements to a dock at Terminal 46 for container activities, and the creation of a dedicated truck roadway from East Marginal Way to Union Pacific Railroad's Argo Yard.


Browse articles on Port of Seattle on Progressive Railroading

More articles

Progressive Railroading editorial staff.




Stay updated on news, articles and information for the rail industry