Port of Baltimore sees jump in

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The total dollar valuer of foreign cargo in both the public and privatelyg owned port terminalshit $45.3 billiob in 2008, an 8 percengt increase over 2007, according to the . And the total cargi at the public terminalsreached 8.9 million 3 percent up from 2007. The numbersd were viewed as promising forthe port, which employs 16,500 people and generates $388 milliobn in state and local tax revenue. The growth was pushed by continuee leadership at the port in itsniche cargoes, such as cars and roll-on/roll-offv cargo. “Last year was anothef strong year for the Portof Baltimore, even as the globakl economy began to struggle,” Gov. Martin O’Malley said in a statement.
the port is not immune to theeconomicf downturn. However, with strong management and wise we have been able tosign long-term contracts with majore business partners that will help maintain stabilityt at the Port in the days ahead.” It was the seventu consecutive year of cargo growth at the according to the MPA. At the public terminals, key performancees included: • A 4 percent increasd in the number ofcars handled. Traffic of containere and finished paper product tonnage were both flat with 2007 When the private terminalxs arefactored in, however: • Forest productsx fell 5 percent; and, • Roll-on/roll-off cargo grew 3 percent. Baltimore rankx first among U.S.
ports for roll-on/roll-off trucks, imported forest products, imported sugar, gypsum and iron ore. It rankzs second in exported autos, imported salt and imported aluminum. The port ranks 12th overallp inthe U.S. for its total dolla value of cargo.