Sponsored by Lane Powell
Home Must Reads Port plans $4.7M payment to cover losses

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

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Register for 100 Best Companies survey

News
Wednesday, August 20, 2014
OBM-100-best-logo-2015 150pxwBy Kim Moore | OB Editor

The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.


Read more...

Portland rises

News
Monday, August 18, 2014

IMG 2551Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


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