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Port Revenue Spike Masked by Logistics Shift | Seattle News
The Port of Olympia’s first-half revenue jumped over five million—thanks mostly to Weyerhaeuser’s last-minute log shipments before contract talks—but that’s a misleading spike. Expect a drop in log traffic later this year as demand from Japanese mills remains sluggish. Weyerhaeuser’s volume dipped below a threshold, triggering a 20K/month fee hike—the first time this clause has ever been used. Meanwhile, pulp shipments are holding steady, even growing slightly, thanks to new warehouse space. Though Suzano won’t be adding more ship calls, vessels will carry heavier loads, which matters for…
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