Commissioners voted 7-1 Wednesday in favor of the plan to pay carriers $20 for each container they move through the port, plus up to $25 per container if carriers grow their volumes at the port.
Bill Wyatt, the port’s executive director, said the program was essential if they hoped to retain Hanjin shipping, the carrier that handles 78 percent of the cargo at the port’s container terminal, according to a report in the Portland according to a report in the Oregonian.
Hanjin has said it plans to reduce the number of ports it calls at in the Pacific Northwest from four to three, but has yet to say what port it plans to drop. In addition to Portland, the carrier calls Seattle as well as Vancouver and Prince Rupert in British Columbia.
The Oregonian said Wyatt expected to hear Hanjin’s decision within five to eight days.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now