The state’s only shipping container service will close in October after Port of Portland officials say a deal with a third party operator fell through. Officials say that lease would have been a vital part of making the container service at Terminal 6 affordable.

The Port of Portland says it cannot afford to keep the state’s only shipping container terminal open past September after a deal with a third-party operator fell through. Despite more business, costs have gone up, pushing the port’s container facility into the red.

The Port of Portland has lost more than $30 million during the past three years, the agency stated in a news release last month. That includes a projected $14 million shortfall for this year.

  • tsonfeirEnglish
    3·
    7 months ago

    I bet we will find that $30 million in the bank accounts of the C-Suite.