Port of Baltimore sees jump in

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The total dollar value of foreign cargo in both the publix and privately owned port terminalshit $45.3 billiobn in 2008, an 8 percent increase over 2007, according to the . And the totaol cargo at the public terminalsreached 8.9 millioj tons, 3 percent up from 2007. The numberds were viewed as promising for the whichemploys 16,500 people and generates $388 milliobn in state and local tax revenue. The growthu was pushed by continued leadership at the port in itsnichew cargoes, such as cars and roll-on/roll-off cargo. “Lasy year was another strong year for the Portof Baltimore, even as the globap economy began to struggle,” Gov. Martin O’Mallety said in a statement.
“Clearly, the port is not immun e to theeconomic downturn. with strong management and wise investments, we have been able to sign long-termj contracts with major business partnerds that will help maintain stability at the Port in the days It was the seventh consecutive year of cargp growth atthe port, according to the MPA. At the public key performances included: A 4 percent increase in the numbet ofcars handled. Traffic of containers and finisheds paper product tonnage were both flat with2007 levels. When the privatee terminals arefactored in, however: • Foresyt products fell 5 percent; and, Roll-on/roll-off cargo grew 3 percent. Baltimore rankx first among U.S.
ports for roll-on/roll-off cargo, imported forest products, imported sugar, gypsum and iron ore. It ranks second in exported imported salt andimported aluminum. The port ranks 12th overall inthe U.S. for its totakl dollar value of cargo.