Port of Tacoma anticipates a 4% decline in cargo

November 20, 2008 by Splatty  
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Not exactly earth shattering news given the state of the global economy, but the Port of Tacoma is predicting a 4% decline in the number of containers handled at the port by the end of 2008.

Via Tacomaweekly.com:

Tacoma’s cargo container volumes are down 2.3 percent over the last year. By the end of the year, Zhu predicted the port will handle 1.85 million twenty-foot-equivalency unit (TEU) containers, down from last year.

The third quarter of 2008 is projected to be the first in five years that the port will see negative economic growth – about -0.6 percent, according to Zhu. The fourth quarter is projected to be even worse, with a decline of 2.2 percent.

Zhu predicts a modest 0.6 percent growth in 2009, and noted that most economists are looking toward late 2010 for economic growth to resume.

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