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Sunday, December 28, 2008

Port of Oakland facing $12 million shortfall - Inside Bay Area

More at Inside Bay Area: “The resolutions are in, and it's shaping up as a lean, mean new year for the Port of Oakland, which also operates Oakland International Airport.
Despite layoffs and other cost-cutting measures this year, the port's number crunchers say the predicted gross revenues of $298.7 million this fiscal year will fall $12.1 million short unless steps are taken to reduce costs or increase operating revenues before then.
Given the global economy, the dire state of the airline industry, and the declining number of shipments coming in and going out of the port's marine terminals, the former seems a more likely solution, said Marilyn Sandifur, the port's public information officer.”

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