Port of Oakland Base

Posted 2003-09-09 Email Print this article Print
 
 
 
 
 
 
 

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Port of Oakland Base Case Headquarters: 530 Water St., Oakland, CA 94607
Phone: (510) 627-1100
Businesb Fourth-largest container port in the United States. Oakland handled 28.9 million revenue-generating tons of cargo in 2002, equivalent to 1.7 million 20-foot containers worth of cargo.
General Manager, Maritime Operations: Ray Boyle
Financials: Revenue rose 4.5% to $206 million in fiscal year ended June 2002. Operating expenses rose 21% to $170.7 million. Operating income of $35.3 million, down from $56.1 million.
Challenge: Secure the port on a limited budget.

Baseline Goals:

  • Boost amount spent on screening cargo and securing the port, from $4 million spent since 9/11 by port and its tenants.

  • Eliminate fiscal 2003 projected budget deficit of $17 million, while avoiding further layoffs.

  • Secure and match federal funds to finish dredging channel to depth of 50 feet by fiscal 2006, at total cost of $293 million.

  • Complete $1.2 billion of capital improvements by fiscal 2008, including upgrade of container terminals to better handle latest generation of large cargo ships.


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