PRINCE RUPERT – Port of Prince Rupert employers, industries and labour organizations have launched the Port of Prince Rupert Gateway Council (Gateway Council) and released an economic impact study that revealed strong employment benefits associated to the movement of trade through the Prince Rupert Gateway that helped offset the impacts of the COVID-19 pandemic.
The Prince Rupert Gateway supports the movement of goods through the Port of Prince Rupert to and from domestic and international markets. Over the last decade, this movement of goods has increased by over 100 per cent to a record 32.4 million tonnes of cargo in 2020, thanks to the vast contributions of Gateway partners.
The Gateway Council will work together to identify and advocate for Gateway supply chain improvements to ensure sustainable growth of the gateway that benefits Port partners, their employees, local and Indigenous communities, and all Canadians who rely on the free-flowing movement of trade.
Gateway Council members include the Prince Rupert Port Authority, CN, Ridley Terminals Inc., Prince Rupert Grain, DP World Canada, Pinnacle Renewable Energy, AltaGas Ltd., Pembina Pipeline, Ray-Mont Logistics, Quickload Logistics, Coast 2000 Terminals, Gat Leedm Logistics, Vopak Canada and the International Longshore & Warehouse Union.
The economic impact study released today by the Gateway Council analyzed the 32.4 million tonnes shipped in 2020 through the Port of Prince Rupert and its trade corridor, and quantified economic and employment benefits for northern BC.
The study was based on surveys of businesses directly involved in the transportation of goods through Northern BC, including rail, trucking, logistics, port terminals, marine services, and government agencies.
The study found that growing cargo volumes moving through the Prince Rupert Gateway continued to translate into significant economic benefits for communities throughout the northern BC corridor. While the impacts of the COVID-19 pandemic in 2020 dampened outcomes associated with some lines of trade, strong performance in other sectors played a key role in providing economic and employment stability in the Gateway and the northern BC region as a whole. The Gateway continued to demonstrate its resiliency, efficiency, and reliability as a key strategic trade corridor for Canada and an economic engine for local communities.
The economic impacts of the COVID-19 pandemic were particularly acute in tourism-related businesses tied to cruise and ferry visitors, but also impacted container volumes and related employment numbers. Growth in cargoes and terminals related to coal, wood pellets and propane were important counterweights and highlighted the value of cargo diversification moving through the Port.
2020 Economic Impact Study highlights include (% change vs. 2018 levels):
- 32.4 million tonnes of cargo was valued at $60 billion in 2020
- Total economic output from port industry activity increased 7% to $1.4 billion
- Direct full-time employment in gateway businesses increased 3% to 3700 jobs
- Total job growth, including indirect and induced employment, increased 9% to 7800 jobs
- Total wages from direct employment in gateway businesses increased 17% to $360 million
- Average annual wage in gateway businesses increased 14% to $95,000 per full-time worker
Gateway activity also supported over $147 million in taxation revenue for all levels of government through associated stipends, personal tax, corporate tax, and property tax revenues. The federal and BC governments are the largest recipient of tax revenue, but local governments increased revenues by 22 per cent to $12 million from Port properties.
Learn more about the Prince Rupert Gateway Council Economic Impact Study at www.rupertport.com/economic-impact/.
