Port plans $4.7M payment to cover losses

| Print |  Email
Must Reads
Wednesday, August 08, 2012

The Port of Portland plans a $4.7 million repayment to the operator of its container terminal to cover losses from longshore labor problems.

Port managers want their commissioners to approve the payment Wednesday, saying they want to cover some of the losses incurred by ICTSI Oregon Inc., which operates the terminal where labor disputes have backed up cargo this summer.

An ICTSI lawyer wouldn't comment Tuesday on the payment, which is likely to be approved. But ICTSI's chief executive said the labor problems continue, despite a federal judge's order banning slowdowns. Elvis Ganda said work loading and unloading two vessels at the Port last weekend went slowly and cost extra, given that ICTSI had to hire more teams, known as gangs, from the International Longshore and Warehouse Union.

Read more at OregonLive.com.

{biztweet}port portland{/biztweet}

 

Comments   

 
Guest
+1 #1 Taxpayer cover the lossGuest 2012-08-08 21:21:52
That is discusting having the Port cover the loss. That money will eventually come from the taxpayer. The union thugs get off for free.
Quote | Report to administrator
 
 
Guest
+1 #2 IncredibleGuest 2012-08-08 22:15:45
4 Plus million to turn on a light switch. Take it from the unions that caused the loss not me the taxpayer who built the Port of Portland in the first place so they could have work.
Quote | Report to administrator
 

More Articles

5 ways successful people kickstart the day

The Latest
Thursday, April 02, 2015
coffeethumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Are mornings the most productive part of the day?  We ask five successful executives how they get off to a good start.


Read more...

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...

No Boundaries

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Floor plans embrace the great wide open.


Read more...

Man for All Seasons

May 2015
Monday, April 27, 2015
BY LINDA BAKER

A longtime technologist and entrepreneur, Dwayne Johnson, 53, is managing partner of PDXO/GlobeThree Ventures, a strategy and business consultancy in Portland.


Read more...

Make the Case

May 2015
Monday, April 27, 2015

10 briefcases that mean business.


Read more...

Change at the pump?

The Latest
Tuesday, May 26, 2015
001thumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.


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