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Mobility 4.0: Planes, Trains & Port Districts Economic Symposium

Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

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Page 1: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Mobility 4.0: Planes, Trains & Port Districts

Economic Symposium

Page 2: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Planes, Trains & Automobiles

• Mobility is a top issue for everyone (business, community, personal)

• Great group of panelists

• Providing updates and insights on everything from airports to trains to Port Districts

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Page 3: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Transportation = Economic Development

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Best gateway for aviationBest gateway for maritime

Page 4: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Be the Best Gateway: By Sea

Northwest Seaport Alliance

Homeport of the North Pacific Fishing Fleet Largest Cruise Port on the U.S. West Coast

Maritime Industrial and Marinas

4Port Enterprises Depend on Shipping and Transportation Networks

Page 5: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Big Issue: Effects of tariffs on local imports and exports

$13.5 billionof two-way trade is now subject to some level of increased tariffthrough our sea and airports

Just a few Northwest Imports and exports impacted by the current “trade war”

IMPORTS• Airplane/helicopter components• Steel • Aluminum• Televisions and radios

EXPORTS• Soybeans• Corn• Apples• Seafood• Cherries

Page 6: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

International Arrivals Hall

Be the Best Gateway: By Air

Mega projects under way: $2 Billion in improvements

North Satellite Modernization Baggage Optimization

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International Arrivals Facility

Sea-Tac International airport supports travelers and businesses throughout the Pacific Northwest

Page 7: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Air Cargo Dynamics

• Air Cargo = 22.7 billion in economic value and 119,685 jobs

• 432,315 metric tons of cargo handled in 2018 (1.5% growth)

• About 2/3rd of Sea-Tac cargo carried by all-cargo freighters (ex. FedEx)

2018 Washington cherry exports through Sea-Tac Airport were reported at 41 million pounds with a declared value of $119.2M.

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Top Exports (by value) Top Imports (by value)

Electronic Integrated Circuits Aircraft Engines and Parts

Civilian Aircraft Engines and Parts Returns of Previously Exported US Goods

Digital Processing Units Semiconductor Manufacturing Machinery

Ultrasound Scanning Apparatus Electronic Integrated Circuits

Immunological Products

Page 8: Kent City Council - Microsoft€¦ · Air Cargo Dynamics •Air Cargo = 22.7 billion in economic value and 119,685 jobs •432,315 metric tons of cargo handled in 2018 (1.5% growth)

Moving Freight and People = Economic Impact

Trade boosts 40 percent of WA jobs. It helps to have a productive port.

$22.5 Billionin total economic activity

Sea-Tac Airport:

$16.3 Billionin total economic activity*

Maritime Int’l Trade:

$893 millionin annual business revenue

Cruise Seattle:

$9.6 Billionin personal income

The Port of Seattle:

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* In partnership with the Northwest Seaport Alliance

216,270direct and indirect jobs

The Port of Seattle:

$500+ millionin transportation investments

Port of Seattle: