Sunday, December 18, 2011

Port of Lewiston Made $500K on Mega-Loads, Spent $400K on Security

Posted By on Sun, Dec 18, 2011 at 9:56 AM

It turns out that mega-loads cost the Port of Lewiston almost as much as it profited to help traffic the giant oil rigs.

The Lewiston Tribune reports that the Port of Lewiston netted about $500,000 in fees during Fiscal Year 2011 from ExxonMobil to ship its mega-loads through the central Idaho port. However, the Tribune also reported that an audit indicated that the port had nearly $400,000 in expenses, primarily in security costs.

The port released the audit information to the Tribune after repeated requests for financial information. The port's manager, David Doeringsfeld, said he wouldn't hand over all of the port's financial details in fear of "losing a competitive advantage if other companies knew its rates."

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