|| Print ||
|Articles - April 2014|
|Thursday, March 27, 2014|
BY LINDA BAKER
A legacy brand. Geo. S. Bush is steeped in some pretty impressive history. One of the oldest freight-forwarders and customs brokers in the country, the Portland-based firm was founded in 1888 — and issued the 38th customs brokers license in the United States. “Our CHB license number is 38,” says president Brian Welsh. “There are a few companies out there that have a number that is less than 38, but not many.” In the 1970s, small, regional brokers such as Geo. S. Bush dotted the Portland landscape; only a handful exist today. Instead, large multinational corporations — FedEx, Expeditors International of Washington, Deutsche Post — dominate the freight-forwarding and logistics industry. “They are our biggest challenge,” Welsh says.
Old-fashioned values. To stay competitive, Geo. S. Bush focuses on customer service — not market share. “The goal is to accommodate our clients’ businesses as opposed to funneling our clients’ businesses into a predetermined process.” He cites an example: About 40% of the company’s business comes through the Port of Portland. “The product is unloaded in the container and put in a 53-foot trailer that goes back to the Midwest, potentially by rail,” Welsh says. It then goes to either a handful of stores or to another distribution center — and a customer might ask Geo. S. Bush to track the cost of each move along the way on a per-unit basis. “That’s something we can accommodate but that not a lot of brokers or forwarders are doing a lot of.” With a staff of 48, Welsh observes, Geo. S. Bush is small but nimble, handling an average of 300 import and export customers per year.
A regulatory age. Geo. S. Bush streamlines the process of shipping goods by clearing products through various government agencies: Customs and Border Protection, the Food and Drug Administration and the Consumer Product Safety Commission, among others. Ramped-up security has led to a corresponding increase in the documentation required by those agencies — and in growth opportunities for Geo. S. Bush. Programs such as the Customs Trade Partnership Against Terrorism, and Importer Security Filing “will continue to evolve and be part of our future,” Welsh says. He singled out the Importer Self-Assessment, in which the importer is allowed to self-police via internal audits — an electronic service offered by Geo. S. Bush. New regulations are also springing up around the importation of food products, Welsh says. “All these programs continue to evolve as international trade continues to increase.”
The more things change … Automation, free-trade agreements, industry consolidation — Geo. S. Bush is buffeted by economic change. But for Welsh, at least, the attractions of the business haven’t altered much since he came on board in 1997. “What I like about international trade is the constant dealings with different cultures and different countries, and understanding how culture plays into business,” he says. Despite the “constant threat” posed by multinationals, Geo. S. Bush is on solid footing, he adds. Declining to reveal revenues, Welsh says the company, which moved to new offices in the Lloyd District this past spring, has recovered losses incurred during the recession and is now on a “nice” growth curve. “There is a certain amount of loyalty in the marketplace that you don’t take for granted; you earn [it]. But when you have earned it, you get to bear the fruits.”
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Wednesday, July 15, 2015
We asked readers how Obamacare has impacted their business.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.
Monday, July 13, 2015
BY KIM MOORE
A conversation with Greg Lambert, president of Mid Oregon Personnel Services.
Wednesday, July 22, 2015
Charlie Hales has long viewed sound urban planning as the route to salvation: social, economic and environmental. This week, the mayor's city design philosophy got the nod of approval from a bona fide spiritual authority, Pope Francis.
Monday, July 13, 2015
BY JACOB PALMER
Dean of the Atkinson Graduate School of Management, Willamette University
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
|10 Innovators in Rural Health|
|The Private 150: From Strength to Strength|
|Downtime with Debra Ringold|
|Flattery with Numbers|
|Farm in a Box|
|Preserving the Legacy|
|Fiat Chrysler must offer to buy back 500K Dodge Ram trucks|
|Portland kayakers protest ship owned by Shell Oil Company|
|Amazon earns $92M in profit|
|Under Armour bests Q2 earnings expectations|
|More than a hundred passengers forced to stay overnight at PDX|
|Immunization rates to be available to parents|
|CEO who pledged $70K minimum wage sued by brother|
Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.