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Despite a down year for exports, the Port Longview netted $7.3 million profit last year — nearly double what officials projected when the port adopted its 2019 budget, reports The Daily News.
Still profits were down from the previous year, and part of that was due to a catastrophic die-off of pigs in China and the U.S.-China trade war.
Grain exports usually account for about 25% of the port’s annual operating revenue and about 75% of the port’s annual tonnage.
Of all Export Grain Terminal’s products, corn exports saw the most significant decline last year. EGT shipped about 1.2 million tons of corn last year, compared to nearly 5 million tons in 2018.
