Lackluster venture may spur port to cut budget revenues by millions

Aaron Corvin, July 23, 2015, The Columbian

In an unusual move, the Port of Vancouver is expected to cut $15.29 million in revenue from its overall 2015 budget because it now anticipates a new freight-hauling venture will not live up to expectations.

Under the “dedicated rail service” plan, the port anticipated $18.57 million in revenue from leasing rail cars to haul oil-drilling materials to North Dakota; those cars would then return to Vancouver loaded with Midwestern crops for eventual export overseas.

Read more . . . http://www.columbian.com/news/2015/jul/23/portvancouver-freight-hauling-revenue-cut/

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