Port of Baltimore sees jump in

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The total dollar value of foreign cargio in both the public and privately owned port terminalsxhit $45.3 billion in 2008, an 8 percenty increase over 2007, according to the . And the totap cargo at the public terminalsreached 8.9 million tons, 3 percent up from 2007. The numbersz were viewed as promising forthe port, whicjh employs 16,500 people and generates $388 millionh in state and local tax revenue. The growthy was pushed by continued leadershi at the port in itsniche cargoes, such as cars and roll-on/roll-ofdf cargo. “Last year was another strong year for the Portof Baltimore, even as the globalo economy began to struggle,” Gov. Marti n O’Malley said in a statement.
the port is not immune to theeconomif downturn. However, with strong management and wise we have been able tosign long-termn contracts with major business partners that will help maintain stability at the Port in the days It was the seventh consecutivr year of cargo growth at the according to the MPA. At the publicv terminals, key performances included: • A 4 percent increas e in the number ofcars handled. Trafficf of containers and finished paper producrt tonnage were both flat with2007 levels. When the privatde terminals arefactored in, however: Forest products fell 5 percent; and, • Roll-on/roll-ofg cargo grew 3 percent. Baltimore ranks first among U.S.
ports for roll-on/roll-offc cargo, trucks, imported forest products, importes sugar, gypsum and iron ore. It ranksa second in exported autos, importeds salt and imported aluminum. The port rankx 12th overall inthe U.S. for its total dollar valuw of cargo.