In 2018, the state-owned public terminals at the Port of Baltimore handled the most containers, cars, construction equipment and other types of general cargo in its history, according to Gov. Larry Hogan’s administration.
A record 10.9 million tons of general cargo was handled at the Port last year, the third consecutive year exceeding the 10 million ton mark. Additionally, new individual cargo records were established for containers, cars and imported roll-on/roll-off (ro/ro) machinery.
General cargo includes cars and light trucks, containers, ro/ro machinery (farm, mining and construction equipment), forest products (rolled paper and wood pulp) and breakbulk cargo. The upsurge in cargo mirrors an increase in jobs and the economic impact of the Port noted in a recent study on the public and private terminals’ 2017 success at the Port of Baltimore.
“There has been no better example of Maryland being open for business than the Port of Baltimore,” Gov. Hogan said. “As one of our leading economic engines, the Port generates good-paying, family-supporting jobs for tens of thousands of Marylanders and will continue to create more jobs and economic benefits for our state.”
The 2018 surge in general cargo at the state-owned public terminals of the Port of Baltimore puts the public and private terminals combined on target for more records in 2019. The recent study, conducted by Martin Associates of Lancaster, Pennsylvania, shows record numbers for the public and private terminals in 2017.
The recent report also shows an increase in jobs and economic benefits from 2014 to 2017:
- Direct jobs at the Port increased from 13,650 to 15,330. Direct jobs include jobs with railroads, trucking companies, terminal operators, cargo handling, manufacturing, security, towing, pilots, ocean carriers and freight forwarders, as well as U.S. Coast Guard and Customs and Border Protection personnel. The total number of jobs in Maryland linked to the Port increased from 127,600 to 139,170.
- The Port’s average annual salary for a direct jobholder is 9.5 percent higher than the average annual wage for the State of Maryland, according to the U.S. Bureau of Labor Statistics.
- Total personal income for Port workers increased from $2.9 million to $3.3 million.
- The Port generated $2.6 billion in business revenues in 2017, up from $2.2 billion in 2014.
- Port business generated $395 million in state, county and municipal tax revenues, a 27 percent increase from $310 million in 2014.