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Port of Portland set to take advantage of changing global economic climate

 


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"One of the few ways that ocean carriers can actually drive profits is by tightening those supply chains and turning their equipment around quickly. The barge service very much helps in that regard," he added.

The port is also in the unique position of having both major west coast railroads, Burlington Northern Santa Fe (BNSF) and Union Pacific (UP), with on-dock rail access to the terminal there.

"This is very, very rare for container terminals on the west coast. Usually one of the other of the railroads controls the access. This is a 20-year strategic effort that we have made with all of our terminals to create competitive rail access," Mr Wyatt said.

Due to this ˇ§unimpeded" rail access for both railroads, Portland now offers a competitive advantage for onward shipments to the US Midwest for trans-loaded cargo, added Mr Borossay.

"We're actually a day faster to Chicago than our sister ports to the north in Seattle and Tacoma for trans-loaded cargo and for particular customers who are willing to allow their international freight to be trans-loaded into domestic freight.

"Because Portland has excess 53-foot equipment as a regional distribution area in the northwest, the rate levels and the service to drive that back to the US Midwest makes Portland an excellent trans-load gateway," he said.

Both senior port executives noted that while the port is competitive to the Midwest region, its core market remains it immediate hinterland and that is where its focus will remain going forward.

As for the port's wider operations, Portland primarily handles bulk and agricultural exports and automobile shipments, which is really what has driven its growth over the years.

It does, however, expect to continue to post steady growth at its container handling facility going forward.

Mr Wyatt said the port is looking to expand its capacity in the coming years as there is currently more demand then there is capacity to handle it, a fact he believes clearly demonstrates the competitive advantages of Portland.

 

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