Home Archives January 2008 Storm blows through economy

Storm blows through economy

| Print |  Email
Tuesday, January 01, 2008

storm.gif STATEWIDE Clean up is well under way after storms wreaked havoc on Oregon’s northwest coast early last month, but businesses will likely feel the effects for quite some time.

Overall, Clatsop, Tillamook and Columbia counties, which took the brunt of the storms, have reported more than $144 million in damages.

Preliminary estimates from the Oregon Department of Transportation put damage to the state’s highway system at around $10 million. Though ODOT was able to quickly reopen many roads from the coast inland, a 20-mile section of I-5 — the West Coast’s main artery  — remained closed for three days.  A slide that closed Highway 30 for several days did not have a big impact.

Washington State secretary of transportation Paula Hammond estimated that the closure of I-5 resulted in $4 million per day in additional shipping costs. Some, like Bob Russell, president of the Oregon Trucking Associations, believe the toll was even higher.

“Ten thousand trucks per day travel along that corridor,” he says. “That’s a lot of cargo.”

Tillamook Bay Railroad, a conveyor belt for timber heading from the coast to the Willamette Valley, also took a major hit. The $20 million in damages to tracks will force an already ailing timber industry, which saw 7,000 acres of trees on private forestland mowed down by the storm in Clatsop County alone, to ship product by truck at additional cost until repairs are made, says Ray Wilkeson, legislative director for the Oregon Forest Industries Council.

Other businesses in Tillamook County avoided floodwaters thanks to Federal Emergency Management Agency dollars that allowed them to elevate after the 1996 floods, says Sheriff Todd Anderson.

Still, many shops throughout the affected areas were forced to close when power lines went down. At the peak of the storm, as many as 66,000 customers were in the dark, says Jan Mitchell, a spokesperson for Pacific Power.

Gov. Ted Kulongoski declared an “abnormal disruption of the marketplace,” as allowed under the state’s new price-gouging law, in areas affected by the storm.

The declaration prevents merchants from increasing prices of essential goods and services — including food, water, petroleum and repair materials and services — by 15% or more during a crisis.  

JAMIE HARTFORD


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS