In an effort to help its customers weather the challenging economy, the Port of Seattle is considering reducing its fees and allowing customers to defer some payments.
Port of Seattle staff proposed the customer relief package to the commission Tuesday. The relief package is focused on terminal operators whose revenues depend on the number of containers they handle.
Cargo at the Seattle port was down 37 percent in February as consumer spending continued to drop. The declining business can endanger jobs, according to a port news release.
The plan — subject to commission approval — would go into effect in June through June 2010, although adjustments may be made as economic conditions change.
Port of Tacoma Executive Director Tim Farrell said last week that he was also considering a combination of reducing customers’ fees and lease payments to take the edge of the cargo downturn for the port’s tenants.
Tacoma container volume dipped 17 percent in February compared to the same month in 2008.