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

Green eyeshades in the ivory tower

News
Friday, April 04, 2014
EducationCosts BlogBY ERIC FRUITS

The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?


Read more...

Tech makes the world go round

Contributed Blogs
Thursday, March 20, 2014
03.20.14 thumb internetBY JASON NORRIS | GUEST BLOGGER

I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.


Read more...

How to help your staff solve their own problems

Contributed Blogs
Friday, March 21, 2014
03.21.14 thumb coxcoffeeTOM COX | OB BLOGGER

During a recent talk to HR Directors, I asked if they saw leaders trying to solve every problem, instead of delegating to and empowering staff. Every head nodded. Every single one.


Read more...

From the Editor: The human factor

March 2014
Tuesday, February 25, 2014

In this issue, we celebrate our 21st annual 100 Best Companies to Work For in Oregon project.


Read more...

100 Best Companies to Work for in Oregon [VIDEO]

News
Monday, March 03, 2014

Screen shot 2014-03-03 at 11.26.47 AM

Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.


Read more...

Spreading the wealth

March 2014
Tuesday, February 25, 2014
HiResBY PAIGE PARKER

A money management firm broadens its reach. 


Read more...

The 2014 List: The Top 33 Large Companies to Work, For in Oregon

March 2014
Thursday, February 27, 2014

100best14logoWebOur 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.

 


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