NOVEMBER 17, 2014

BUDGET/FINANCES 

Port of Port Angeles grapples with audit woes cited by stateThe Port of Port Angeles continues to violate state law and be noncompliant with port policies on lease contracts, according to a recently released state accountability audit of the port’s 2013 finances.

 

TRADE 

Horizon Selling Assets to Matson, Pasha Matson Inc. and Horizon Lines announced Nov. 11 that they’ve entered into a merger agreement under which Matson will acquire the stock of Horizon, including its Alaska operations and the assumption of all non-Hawaii business liabilities. 

Northwest Apples, Hay And Potatoes Caught Up In Port SlowdownA slowdown in operations at ports up and down the West Coast is choking off the flow of apples, Christmas trees, potatoes and other Northwest products to foreign markets. 

Shipping companies announce container surcharge at portsStarting Monday, some shipping companies will add a surcharge to container rates to make up for increased costs associated with congestion at West Coast ports — made worse the last two weeks by worker slowdowns. 

Luxury Car Part Factory Shut Down 3 Days As Materials Stalled In TacomaA facility in Moses Lake, Washington, that makes carbon fiber elements for BMWs had to shut down production for three days this week. 

Editorial: U.S. economy calls for end of port slowdownThe longshore workers union and employers on the West Coast have a tough task of negotiating a new contract, but a port slowdown makes matters worse.

Huge surcharge push by carriers to offset West Coast congestion costsMultiple container lines operating in the trans-Pacific lane have plans to implement some of the largest port congestion surcharges ever ― up to $1,000 per 40-foot container ― on cargo moving via U.S. West Coast.

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