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Rep. Peter DeFazio says he has few qualms about shipping coal to Asia through the Port of Coos Bay. The Springfield Democrat tells The World newspaper that trying to block plans to ship coal to Asia won’t stop countries like South Korea from burning coal to produce electricity. He adds that free trade agreements make [...]  Cargill Inc. recently reported an 82% slide in fiscal fourth-quarter profit, citing tough trading conditions in beef and soybean processing and an economic and political environment that the agribusiness group has said distorts the pricing of risk. Cargill’s global meatpacking, grain processing and food business is viewed as an industry bellwether and, like rivals such [...] APM Terminals’ executives have recently isolated some of the main challenges faced by international terminal operators. Vice president and chief financial officer Christian Moller Laursen has described the advent of a “New era in ports” where container yards processing significantly larger volumes from individual vessels as well as general global volume growth will have to [...] The New York Times reports that in the race to gain cargo from the anticipated Panama Canal expansion, ‘nearly every port in the game still faces major challenges and expenses — including the Port Authority of New York and New Jersey, which plans to spend $1 billion to raise the Bayonne Bridge roadway (above) [...] It’s been anything but quiet on the western front. The past year has seen three heated disputes in the Pacific Northwest in which the ILWU is fighting to preserve what the union believes is its jurisdiction. In Southern California, the Office Clerical Unit of ILWU Local 63, an unpredictable affiliate of the ILWU, has been [...] |
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