Both the Port of Monroe and the Port of Toledo reported an increase in tonnage transported through their facilities in 2022.
According to a port press release, the Port of Monroe saw a 10% increase to 2,513,890 tons, while the Port of Toledo grew 2.24% to 11,684,394 short tons, according to the Toledo-Lucas County Port Authority. It was the highest throughput at the Port of Toledo since 2007.
DTE’s Monroe Power Plant received 1,753,772 short tons of coal and petroleum coke and 246,745 tons of limestone at the Port of Monroe. The port also undertook a major wind energy project, exporting 90 wind tower sections manufactured by Ventower Industries in Monroe to Oswego, New York.
A new study released in July found that the Toledo-Lucas County Port Authority supports $906 million in economic activity and creates nearly 8,000 jobs, according to the document Economic Impacts of Maritime Shipping in the Port of Toledo . The report discussed Port of Toledo and Great Lakes Seaway Shipping’s contributions to the City of Toledo, Lucas County, the State of Ohio and the Great Lakes Region.
The study reported that in 2022, the Port of Toledo and maritime trade supported:
- 7,971 jobs
- $906.2 million in economic activity
- $708.6 million in personal income and local consumer spending
- $183.2 million in federal and state/local tax revenue
“The Toledo-Lucas County Port Authority had a tremendous year in 2022,” said Thomas J. Winston, Toledo-Lucas County Port Authority President and CEO. “Results from this year’s study indicate an increase of 888 new jobs and more than $237 million in additional economic activity compared to the data reported in the 2018 study. This increase is largely due to the addition of the Cleveland-Cliffs Toledo direct reduction plant at Ironville in east Toledo.”
The study was created by Martin Associates of Lancaster, Pennsylvania. It was commissioned by a consortium of stakeholders from the US and Canadian Great Lakes – St. Lawrence Seaway Systems. The study sponsors were: Great Lakes – St. Lawrence Seaway Development Corporation, St. Lawrence Seaway Management Corporation, American Great Lakes Ports Association, Chamber of Marine Commerce, Lake Carriers’ Association and Shipping Federation of Canada.
Monroe was not broken out in this year’s study. A 2018 study by Martin Associates of economic activity supported by the Port of Monroe showed that the port supported:
- 1,659 jobs
- $37.6 million in personal income and local consumer spending
- $38.5 million in federal and state/local tax revenue
The 2018 report did not provide a total number of economic activities.
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The “Economic Impact of Maritime Shipping in the Great Lakes-St. Lawrence Region,” a year-long study of the economic impacts of the entire Great Lakes-St. The Lawrence Seaway navigation system was also released in July. The study found that Great Lakes-St. Lawrence Seaway shipping supports $36 billion in economic activity and creates more than 240,000 jobs. In 2022, 135.7 million tons of raw materials and finished goods were delivered by merchant ships to critical industries such as agriculture, construction, energy and steelmaking.
For the full Economic Impact of Maritime Shipping in the Port of Toledo report, visit tinyurl.com/yadkms56.
The full report Economic Impacts of Maritime Shipping in the Great Lakes-St. Lawrence Region” can be found at tinyurl.com/y8de7u8e.
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