Owensboro Riverport Sees Best Years Ever

By: Associated Press
By: Associated Press

The Owensboro Riverport has boomed in recent years, despite the recession.

The Owensboro Messenger-Inquirer reports that between June 2007 and June 2012, the riverport realized $9.6 million in net income. That means the port made almost as much in the last five years as it did in the previous 31.

Over the same period, the riverport paid out $1.36 million in dividends to the city -- 60 percent of the dividends paid since 1976.

The change that came five years ago was the hiring of port CEO and President Ed Riney. Although Riney has announced he will retire next year, board members praised him for leaving the port on a solid footing.

Rod Kuegel said Riney has moved the port into new profitable areas as formerly profitable ventures declined.

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