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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.
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
Friday, July 10, 2015
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The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA
Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?
Wednesday, August 19, 2015
BY CHRIS NOBLE
Oregon is home to an abundance of gritty warehouses reborn as trendy office spaces, as well as crafty hipsters turned entrepreneurs. Does the combination yield an equally bounteous office products sector? Not so much. Occupying the limited desk jockey space are Field Notes, a spinoff of Portland’s Draplin Design Company, and Schuttenworks, known for whittling Apple device stands. For a full complement of keyboard trays, docking stations and mouse pads, check out the GroveMade line, guaranteed to boost the cachet of even the lowliest cubicle drone.
Tuesday, August 18, 2015
BY JASON NORRIS | CFA
Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.
Thursday, August 20, 2015
BY DAN COOK
The state’s angel investing fund gets hammered in Salem.
Wednesday, August 26, 2015
BY LINDA BAKER
A new co-working model disrupts office sharing, child care and work-life balance as we know it.
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For good or ill, gay marriage inspires many people. They have strong feelings about it. Sometimes those strong feelings are grounded in religion and sometimes they are not. When the workplace is added to the mix, emotions tend to run high. After giving an overview of two current situations, The Bullard Edge is going to outline three key points for consideration and clarity.
Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
Attendance, breakfast buffet, materials, certificate of attendance and parking are all complimentary on behalf of the firm.
New regulations are in effect and more updates are on the horizon, are you prepared?
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.