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|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, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Monday, July 13, 2015
BY SAM BLACKMAN
Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Wednesday, June 17, 2015
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.
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
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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.