Grain, Asian markets help boost growth at Port of Portland

| Print |  Email
Articles - December 2010
Wednesday, November 17, 2010

 

1210_ATS16
The Port of Portland has seen an increase in its marine business since last year. // Photo courtesy of the Port of Portland

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.”

MAX GELBER
 

More Articles

Taking the lead in boosting Oregonians’ health and strengthening our economy

Contributed Blogs
Thursday, January 08, 2015
0108-injection-thumbBY CAMBIA HEALTH SOLUTIONS & OREGON BUSINESS COUNCIL | OP-ED

Businesses have a significant stake in the health of Oregonians. In fact, we cannot succeed without it. By committing to using our companies as levers for good health, we invest in our people, our business, our quality of life and our economy. 


Read more...

Ski traffic

News
Tuesday, January 20, 2015
0121-skiway-thumbBY LINDA BAKER | OB EDITOR

A place-based multimodal transportation plan for Mt. Hood is long overdue.


Read more...

Political theater

News
Wednesday, January 07, 2015
0107-orbizplansum14-thumbBY LINDA BAKER | OB EDITOR

The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.


Read more...

5 companies react to lower fuel prices

The Latest
Thursday, January 15, 2015
thumb-shutterstock 233787049BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Consumers love the savings they get from low oil prices, but how has business been affected?


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS