JOC Staff | Jan 28, 2013 10:18AM EST
The Alabama State Port Authority reported record revenue of $144.6 million for its fiscal year ending Sept. 30, 2012.
“The increased revenue along with expenses, which were $4 million below budget, dramatically improved the authority’s liquidity position at the end of the year,” said James K. Lyons, director and CEO, at the authority’s monthly board of directors meeting.
The record revenue was primarily driven by gains in steel, export coal and containers. The port moved 196,965 20-foot-equivalent units in fiscal year 2012, jumping 31 percent from 149,769 TEUs in fiscal year 2011. Automotive components, refrigerated cargoes and forest products were the leading commodities imported and exported through the container terminal.