ICTSI signed a 25-year lease with the Port of Portland for the container/breakbulk facility at Terminal 6. Under the agreement, ICTSI will pay $8 million upon closing the deal coupled with annual lease payments of $4.5 million.
ICTSI Oregon is embarking on a massive expansion program aimed a boosting service for both imports and exports while leveraging intermodal rail facilities for movement of boxes to and from inland markets by train.