Longview's Berth 9 will be the site of the new $200 grain elevator buit by EGT Development, Inc. Click on the photo to read the Longview Daily News.
The Port of Longview increased its revenue 7 percent from 2008, when it hauled in $23.5 million. Before then, the port had never broken the $20 million mark. The port’s 2009 operating expenses also rose 9 percent to $22.4 million, and it finished with an annual income of $2.7 million. The revenue surge was fueled by rising wind-energy imports, a resurgence of log exports and steady business for the bulk food and chemicals transported at Berth 2. Wind imports jumped by 26 percent, and log exports rose 91 percent in 209 because the port found new markets in China and Korea, port officials said. Port imports jumped 9 percent in 2009, and exports were up 13 percent. Overall, the port handled 1.5 million tons of cargo in 2009, an increase of 12 percent from the previous year.
The Port of Longview seems solid for the next few years, the port director said. The port expects EGT Development LLC to complete its $200 million grain terminal next year, and log exports are recovering after struggling through the last decade.