Marine terminal lifts port to profit for 2004
The Port of Olympia reported its first operating profit in eight years last year. The $825,061 profit is cited in a new report to commissioners comparing last year’s financial results with 2003. The port’s growing marine terminal is the major reason the port made money, according to the report. The terminal showed a nearly 68 percent increase in revenue. Marine terminal director Jim Amador said all cargo amounts were up last year, including logs and aluminum. In addition, Iraq War-related shipments added to the increase in business.