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Port of Baltimore’s third quarter results keep it on record pace

The Port of Baltimore’s third-quarter performance kept it on target to smash cargo records this year, the Maryland Port Administration said Tuesday.

Port of BaltimoreThe port’s public terminals have handled 7.21 million tons of cargo through the first nine months of 2012, a 10 percent year-over-year increase. Combined with private terminals, the port has handled 30 million tons of cargo this year, a 6 percent increase over 2011.

The dollar value of that cargo is up 10 percent over 2011’s record amount of $51 billion. Cargo includes containerized goods, autos, forest products, and farm and construction equipment.

The record cargo haul for the port’s public terminals was in 2008, when 8.96 million tons were moved. Last year, the port handled 8.89 million tons, its second-highest total.

The public and private terminals combined to move 38 million tons of cargo in 2011, a 15 percent increase from 2010 and the greatest increase of growth by any major U.S. port, according to the port administration.