Page 14 - Port of Stockton 2018 Annual Report

2018 ANNUAL REPORT // 85TH ANNIVERSARY EDITION

setting records AND DRIVING SUCCESS

Port o ers commodity diversification based on consumer need

The Port’s maritime tonnage set another infrastructure, cargo handling equipment,
record in 2018, surpassing 2017 by 25,736 land available for development, a skilled
metric tons. This record breaking year is the labor pool and operational expertise.
REBAR third consecutive for tonnage growth and a
Diversifying the Portfolio direct result of the Port’s ability to adapt to an Forecasting in the current international
ever changing global market. economic climate is challenging, but the Port
remains optimistic about our prospects for
"Innovation in property A focus on increasing the diversification of 2019. Customer interest in long-term
usage, partnerships and the Port’s commodity portfolio provides investment involving the introduction of new
commodity flexibility is flexibility, creating new opportunities as operations and commodities remains strong,
the foundation for the market demands change. Although 2018 saw and the Port has the available capacity to
Port of Stockton's a 16% decline in cement tonnage and a 22% support these and other opportunities.
successful business
model," states decline in steel, the Port was able to expand We will continue to aggressively market to
Port Director Richard service o erings based on customer needs our strengths — rail, road, water, labor and
Aschieris. "Our nimble to maintain operational and financial stability. location — working to secure additional
operation continues to The Port recently secured new business business that will contribute to the economic
break records annually unloading domestically produced rebar health of the region.
with 2018 marking a shipped to the Port by rail. While the initial
total of 4,739,249 rail tonnage has been small, the new service
metric tons of cargo represents the potential for additional
and 252 ship calls." growth utilizing the Port’s assets such as rail