Port of Redwood City sustains record-breaking success of 2019

 

 

 

FOR IMMEDIATE RELEASE

March 3, 2020

 

Port of Redwood City sustains

record-breaking success of 2019 

 

2020 Mid-Year Update shows remarkable

economic impact and cargo tonnage numbers

 

 

REDWOOD CITY, CALIF.—The Port of Redwood City (Port) recently released its mid-year tonnage numbers and revenue, announcing 1.24 million metric tons of cargo generating $4.7 million of revenue for the period of July 1 through December 31, 2019. The Port’s mid-year results continue to demonstrate how maritime and commercial business on the waterfront fuel the local construction industry and support the regional economy with jobs, as well as provide needed community support.

 

“We are pleased that the Port of Redwood City has seen tremendous growth over the last few years. Our recent cargo numbers continue to validate a strong construction economic sector,” said Port of Redwood City Board Chair Ralph Garcia. “Our Port supports well-paying jobs in the region, while serving our community with global connections.”

 

The Port’s international trade for this period included cargo from Australia, China, Mexico and Canada. Export destinations included Bangladesh, Singapore, South Korea, Sri Lanka, and Indonesia.  The mid-year numbers show continued success in the first half of this fiscal year, finishing the calendar year of 2019 exceptionally strong. Mid-year tonnage of 1.24 million metric tons compared to the projected 1.26 million metric tons was slightly lower due to a ship delay in late December. The Port expects that the year-end numbers will be in alignment with budgeted projections and prior year’s totals.

 

Other initiatives the Port launched during the first half of this fiscal year include activating the recreational waterfront for the community. The Port recently commissioned new public art, began offering permits to host waterfront events and hosted the annual PortFest to give the community a chance to enjoy and learn about the Port and its waterfront.

 

The Port supports the City of Redwood City’s strategic initiatives, including economic development, community building, transportation, and government operations.

 

About the Port of Redwood City

The Port of Redwood City is an ideally located, naturally deep-water harbor 18 nautical miles south of San Francisco. The Port serves the Silicon Valley region with both long-standing maritime commerce business and a robust waterfront recreation community along one mile of scenic waterfront. The Port connects Silicon Valley to the San Francisco Bay, delivering a balance of prosperity, security, sustainability and enjoyment for the region. A five-member Board of Port Commissioners, appointed by the City Council, governs the Port.

 

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Visit the Port of Redwood City website.

 

Sign up for Port of Redwood City Currents Newsletter.

 

Visit the Port’s facilities web page.

 

Visit the Port’s community and public access web page.

 

Visit the City’s potential ferry terminal project web page.

 

Port of Redwood City Media Contact

Revekka Balancier

720-641-3026

revekka@jpwcomm.com

 

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