|| Print ||
|Articles - December 2010|
|Wednesday, November 17, 2010|
The Port of Portland has seen a 36% increase in marine business so far in 2010, showing a positive trend for at least one area of business in Oregon.
Overall tonnage, used by the port to determine growth in business, was up 36% year-to-date in September, with growth in grain, steel and bulk mineral standing out. The port controls four marine terminals with eight major maritime tenants who have leases with the port. While each tenant has been affected by different global forces, improvement in both service and demand has been uniform overall, says executive director Bill Wyatt.
Port spokesman Josh Thomas says the port has seen double- and triple-digit improvement in most cargo categories this year.
The Pacific Northwest has seen a strong demand for grains this year because of bad harvests in Russia and Australia, Wyatt says. With its grain exports up 22% for the fiscal year ending in June, the port remains one of the strongest exporters of grain in the U.S.
The port also signed a 25-year lease in May with the world’s fourth-largest container company, Manila-based International Container Terminal Services Inc. The company will pay the port $8 million at signing, and an annual rent of $4.5 million.
This deal also coincides with deepening the port’s navigation channel from 40 to 43 feet, which the port hopes will attract bigger ships.
Westwood Shipping Lines, a subsidiary of Weyerhaeuser Co. based in Federal Way, Wash., signed a six-month contract, which includes the option to extend the agreement for an extra year, that began in July. This will open up shipping access to Japan and South Korea, which Wyatt says will help the overall growth of cargo volume. Westwood will carry non-refrigerated containerized agricultural products from valley, upriver and inland customers.
The port also operates Portland International Airport, which has seen a slight increase in both passenger and air cargo traffic in the first nine months of the year, according to airport spokesman Steve Johnson. Johnson attributes the increase in cargo to businesses restocking inventories early in the calendar year, and the increase in passenger traffic to service additions in new cities as well as an overall efficiency in flight arrivals and departures. Passenger traffic was up 0.7% and air cargo was up 4.6% year-to-date over last year.
“We came off a year in which all our employees [including] myself were subject to pay cuts, slowed capital spending, slowed discretionary expenditures, all while trying to be careful to keep costs down,” says Wyatt. “We acted very quickly, and this paid off for us and our tenants.”
Friday, December 12, 2014
BY LINDA BAKER
A conversation with Oregon state economist Josh Lehner.
Thursday, December 04, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?
Tuesday, January 27, 2015
Smartwatches are all the rage. But old-fashioned timepieces keep on ticking.
Wednesday, January 28, 2015
BY LINDA BAKER | OB EDITOR
What is the impact of the legal pot industry on carbon emissions? An NEBC energy forum breakfast makes the case for taking the new industry’s emissions impacts very seriously.
Wednesday, January 07, 2015
BY LINDA BAKER | OB EDITOR
The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.
Monday, January 26, 2015
BY JACOB PALMER
Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.
Saturday, December 13, 2014
Seven tidbits about the president and CEO of AKT Group.
Real Time - Oregon Business
Tweets by @OregonBusiness
|Will Medford Ever Be Cool?|
|The Carbon Calculus|
|Raising the Stakes|
|Which Way to Chinatown?|
|The Human Factor|
|McDonalds' head man steps down|
|Washington company recalls tainted beef|
|Commercial jet demand bolsters Boeing |
|Apple augments record quarter by shorting memory|
|Microsoft, Caterpillar woes lead Dow decrease|
|US consumer confidence continues to rise|
|Radical party's election win in Greece creates shockwaves|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
hubbub health uses behavior change science to rethink wellness programs.
In Ashland, a public-private partnership results in online resources to help diversify the local economy.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
If you have given a former employee access to your company’s electronic information by virtue of assigning a desktop or laptop computer and you suspect he or she of having taken electronically stored data, there are several steps to follow to preserve electronic forensic evidence from spoliation.
The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.