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|Articles - April 2010|
|Thursday, March 25, 2010|
Oregon’s once-booming auto import business, already limping along at half speed after two years of recession, has crashed into another speed bump with the Toyota recall debacle.
The Port of Portland is the largest auto importer on the West Coast, but volume has plummeted from 463,557 vehicles in 2006 to 240,683 in 2009.
According to port studies, each car that is brought into the U.S. through Portland generates a regional economic impact of $318. By that measure, the economic benefits of auto imports to the region have fallen by an annual $70.8 million from their recent peak. And that was before Toyota got caught up in controversy and saw sales slip to 10-year lows amid safety problems and massive recalls.
Toyota is one of three major auto importers using Portland as a gateway into the U.S. market, along with Honda and Hyundai, and it is a key tenant at the port’s sprawling 280-acre Terminal Four complex near the St. Johns Bridge in North Portland. The union longshoremen and Teamsters who unload auto vessels there rely on a steady flow of cars for their income, as do the employees of Toyota Logistics Services, who add accessories such as navigation, music and security systems to the vehicles before shipping them to market via rail or truck. The port is somewhat sheltered from the drop-off because it receives guaranteed minimum payments regardless of volume.
Port spokesman Josh Thomas says it’s too early to identify a drop in Toyota imports specifically related to the recalls and the associated bad press. “We wouldn’t want to speculate on that,” he says, adding that Toyota has been a “model tenant” that earned LEED gold certification for green building practices and invested in riverbank restoration to improve salmon habitat.
The general manager for Toyota Logistics Services did not respond to requests for comment. Neither did the head of the local chapter of the International Longshore Workers Union. But with sales slipping and safety concerns spreading, it would be hard to make the case that Toyota’s troubles won’t cost Oregon both business and jobs.
Monday, September 28, 2015
BY LINDA BAKER
Bill Levy of Pacific Ag talked to Oregon Business about new residue markets, the company’s growth strategy and why a biofuel plant is like a large cow.
Monday, September 28, 2015
BY CHRIS NOBLE
This year has been so dry we were caught napping when it finally started to sprinkle. Hopefully you didn’t get caught in a downpour while eagerly awaiting — don’t deny it — our curation of Oregon-grown wet weather wear.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Thursday, August 20, 2015
BY JACOB PALMER
Ask any college student: Textbook prices have skyrocketed out of control. Online education startup Lumen Learning aims to bring them down to earth.
Wednesday, September 30, 2015
BY KIM MOORE
Striving for social equity is the mission of many nonprofits, and this year’s 100 Best Nonprofits to Work For in Oregon survey shows employees are most satisfied with their organizations’ fair treatment of differing racial, gender, disability, age and economic groups. But as a national discourse about racial discrimination and equity for low-income groups takes center stage, data show Oregon’s 100 Best Nonprofits to Work For still need to make progress on addressing these issues within their own organizations.
Tuesday, September 22, 2015
BY JASON NORRIS | CFA
On September 17, the much anticipated Fed decision was delivered and the equity markets haven't liked it.
Wednesday, August 19, 2015
BY JACOB PALMER
Live, Work, Play wit the CEO of Ruby Receptionists.
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Wage gaps and workforce shortages are threatening the quality of care and supports to Oregonians with intellectual and developmental disabilities. Who’s caring for those who care for our most vulnerable residents?
Engaging employees and customers along the way.
After first visiting as tourists, entrepreneurs relocate to Oregon and spur economic growth.
Cliff Davidson Named Partner of the Firm.
Hans N. Hugglerhas joined Lane Powell as an Attorney in the Litigation Practice Group, where he will focus his practice on complex litigation.
Over 300 attendees will gather to learn from 50+ regional leaders pushing the sustainability needle forward. GoGreen Portland offers a distinct platform of bringing people together across industries and sectors to build viable networks and cross-pollinate best practices throughout the regional business community.