The Port of Seattle reported net operating income in 2012 of more than $223 million, 8 percent higher than budget and 3.7 percent higher than 2011’s operating profit.
The gain was driven by the continued success of Sea-Tac International Airport and the successful launch of a new rental car facility, said Tay Yoshitani, port commissioner and CEO, in a written statement.
During the past year, the port invested $118 million in infrastructure. The largest new facility to come online was the port’s rental car facility.
“With the renewed Hanjin container terminal lease, we are ready to serve the region and the country as the economy rebounds and exports grow,” Yoshitani added.