Port plans $4.7M payment to cover losses

Port plans $4.7M payment to cover losses

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