Day: April 7, 2010

Maersk to cut $500 million in costs, says CEO

Apr 7, 2010

A.P. Moeller-Maersk A/S will cut another US$500 million in costs this year after the owner of the world’s biggest container line posted its first loss since at least World War II. “We’re not cutting just to...

Sawmill blasts Port over logs

Apr 7, 2010

The new owner of the Warrenton sawmill says a log export operation at the Port of Astoria would put the mill at risk by cutting into local timber supply.The CEO of Hampton Lumber Mills, Inc., sent a letter to Port Commission...