Expeditors International and Port of Seattle fight the good fight

by Tim Flanagan on February 17, 2009

CBC News has the story:

About 450 B.C. dock workers have reached a tentative deal with an association representing about 67 port employers, doctor averting a potentially crippling strike at the ports in Vancouver and Prince Rupert.

Local 514 of the International Longshore Warehouse Union reached a tentative agreement Friday with the British Columbia Maritime Employers Association, hospital but the details won’t be released until members on both sides have time to see the deal.

An article by Patrick Burnson over at Logistics Management:

SEATTLE—Positive news surfaced in the Pacific Northwest last week as a major freight intermediary and ocean cargo gateway announced progress in separate announcements.

Expeditors International of Washington Inc. said it had fourth quarter profit of $77.7 million an 11 percent increase from $70.1 million for the same quarter of 2007.

Revenue for the quarter was $1.31 billion down from $1.45 billion in the same period the prior year. For the entire year, pill
the company had net profit of $301 million compared to $269 million in 2007, prosthesis
a 12 percent increase. Full-year revenue was $5.63 billion, what is ed
compared to $5.24 billion in 2007.

“Given the incessant tales of woe emanating from Wall Street these days, we hope the consistency and stability projected by these results will be reassuring to our employees, to our customers and to our shareholders.” said Peter J. Rose, chairman and CEO.

The Port of Seattle, meanwhile, is reporting that it is still a leading employer in the PNW despite the economic downturn. The jobs and revenues generated by the port place the public agency near the top of key area employers such as Weyerhaeuser, Boeing, and Paccar.The report’s author, John C. Martin, has prepared more than 500 economic and planning studies for US ports. The 2007 Port of Seattle study shows a slight decrease in the numbers of direct jobs attached to the Port’s facilities – in 2007, those facilities created more than 111,000 direct jobs, down from the 2003 number of 115,000. In addition, indirect jobs – those created by the purchases of goods and services by firms doing business with the Port – decreased by about 6,000 to just over 20,000.The port has several “shovel-ready” projects that, with financing, can put construction and other workers back on the job. “Tens of thousands of families depend on the Port for their livelihood,” said Commission president Bill Bryant. “We have to make investment decisions now that will project those jobs now and in the future.”

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