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PORT OF STOCKTON ACQUIRES MORE LAND

STOCKTON - Rough and Ready Island is poised to become an economic engine for Stockton, San Joaquin County and beyond, now that the final 500 acres have been transferred from the US Navy to the Port of Stockton, say officials at the central Northern California port.
  
Ceremonies were recently held on grounds of the former naval supply base and communications station to formalize the land transfer focused on the opportunities the change would bring.

With the transfer of 1,433 acres of former naval property, the port of Stockton remains the largest inland port west of the Mississippi and becomes the third largest deep-water port in the state, after the ports of Los Angeles, Long Beach, and Oakland.
 
While the Navy began handing control of Rough and Ready Island to the port in 2000, it retained control of the final 500 acres largely because of its responsibility for environmental cleanup of the land.

Port officials sought to take over the cleanup work, concerned that the Navy might take 10 to 15 years or longer to complete the task, all the time delaying any commercial use of the property.
The mostly undeveloped area is a keystone to the port's plans to convert the former base into a thriving transportation, industrial and commercial hub for the regional economy.
 
The Navy retains ultimate responsibility for the cleanup, and it will give port nearly $23.5 million to cover estimated cleanup costs and administrative expenses, as well as payment for an insurance policy to cover cost overruns.
 
FEDEX TO RAISE RATES IN JANUARY

MEMPHIS - FedEx will increase the rates for its FedEx Express and FedEx Ground services beginning January 5.

In a recent press release, the company said FedEx Express rates will climb an average of 2.5% for shipments within the US and for US export shipments, while FedEx Ground rates will increase an average of 1.9%.

In addition, the fuel surcharge for both US and international FedEx Ground shipments will be discontinued on January 5. The fuel surcharge will remain in effect for all FedEx Express shipments.

FedEx's rate increases follow United Parcel Service Inc.'s announcement last month that it will raise rates for ground-based shipments by 1.9% beginning January 5.
UPS boosted its rates for overnight air deliveries by 2.9%.

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