Based in LAKE CHARLES, LA, PORT RAIL INC operates as a Public Charity. The organization reported $1.3M in revenue, $1.6M in expenses, $2.0M in total assets for fiscal year 2024.
THE PURPOSE OF THE CORPORATION SHALL BE TO AQUIRE, OWN, MAINTAIN, UTILIZE AND/OR OPERATE THE RAIL LINE BETWEEN THE UNION PACIFIC RAILROAD COMPANY HARBOR YARD IN LAKE CHARLES AND THE LAKE CHARLES HARBOR TERMINAL DISTRICT'S CITY DOCKS AND INDUSTRIAL CANAL IN UNINCORPORATED CALCASIEU PARISH, A DISTANCE OF APPROXIMATELY 15 MILES, AS WELL AS OTHER CONNECTING RAIL LINES AND RAIL FACILITIES, ALL IN CALCASIEU PARISH FOR THE PURPOSES OF PROMOTING ECONOMIC DEVELOPMENT IN THE REGION.
Officer compensation and complete director data available with membership.
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $1.3M | $1.6M | $2.0M |
| 2023 | $1.0M | $1.5M | $2.3M |
| 2022 | $924K | $1.6M | $2.5M |
| 2021 | $1.8M | $1.7M | $1.7M |
| 2020 | $2.7M | $1.7M | $1.4M |
Between 2020 and 2024, reported annual revenue declined from $2.7M to $1.3M (-52%), with total assets most recently reported at $2.0M.
Interactive year-over-year charts and full filing details available with membership.
