Port of Longview beats revenue projections in ’20 despite pandemic By Marissa Heffernan, The Daily News, Longview
Published: February 25, 2021, 7:33pm
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LONGVIEW The Port of Longview had a good year despite the COVID-19 pandemic, with an $8.8 million net gain from operations through December, about $5.5 million higher than budgeted.
“We had a strong close last year, which we are delighted to see,” Port CEO Dan Stahl said.
The port had a better 2020 than 2019, with $1.3 million more in revenue.
The budget was presented at Wednesday’s board of commissioners meeting by Chief Administrative and Financial Officer Jennifer Brown.
The port budgeted $36.2 million in revenue for 2020, but ended up coming in 14 percent higher with $41.4 million. Expenses were slightly under budget, too: The port had planned for $32.9 million in expenses and spent just $32.6 million.