NEW OAKLAND INTERMODAL FACILITY PLANNED
OAKLAND – 09/11/06 – The former Oakland Army Base is slated for conversion into converted into the port’s newest intermodal rail facility.
Announcement of the plan culminates more than three years of negotiations between the Port of Oakland, the Oakland Base Reuse Authority, the City of Oakland, the Oakland redevelopment Agency, and the California State Lands Commission.
Escrow has close on the land and the completion of the transaction officially completes the title transfer process, said a spokesman for the port.
The Oakland Army terminal, as the facility was first known, was built in the early days of World War II. During that conflict, the facility moved 8.5 million tons of cargo to suppo0rt US Army operations throughout the Pacific Theatre during its four most active years.
During the three years of the Korean War, 7.2 million tons of cargo passed through the terminal.
In July 1966, Oakland Army Terminal was renamed as Oakland Army Base. At that time, the Oakland Army Base was home to the largest military port complex in the world.
The 425-acre Oakland Army Base was deactivated in September 1999 when the base and all its facilities were turned over to the Oakland Base Reuse Authority.
The planned OHIT – or Outer Harbor Intermodal Terminal – is expected to significantly reduce container transfer times, increase throughput, and reduce truck traffic in and around the port, the spokesman said, adding that the value of construction and other jobs related to the development of OHIT and other maritime support facilities at the port is roughly estimated at $50 million over the life of those projects.
The Port of Oakland is the fourth busiest port in the country after Los Angeles, Long Beach, and New York, and ranks as the 20th most active in the world in terms of annual container traffic.
Go
back, or read the latest Page Two stories:
DISNEY TO LAUNCH TV CHANNEL IN RUSSIA
BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia in 2009; Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.
GOLDEN SPOON ENTERS THE GLOBAL MARKET
RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.
PORT OF STOCKTON EXPANDS ITS FTZ
STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.
NETSUITE GOES LIVE IN SINGAPORE
SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.
CHINA’S TASTE FOR CAL WINE GROWS
SONOMA – 08/09/08 – California-based vintner Bronco Wine has forged a deal with Legacy Wine and Spirits International to export a selection of its varietal Hacienda label wines to China; the first container of 750ml bottles of Bronco’s Merlot, Cabernet Sauvignon, Chardonnay, Sauvignon Blanc, Riesling, Gewurztraminer, Viognier, White Zinfandel and Brut Sparkling Wine reportedly left the Port of Oakland last week.
SANDISK REJECTS SAMSUNG ACQUISITION BID
MILPITAS – 09/24/08 – US flash memory maker SanDisk Corp. has reportedly rejected a $5.9 billion bid by top memory chip-maker, Samsung Electronics Co., but said it would not rule out a deal at a better price; SanDisk said in a statement that Samsung's $26-a-share cash offer undervalued the company, but it remained open to a deal with Samsung at a price that recognizes its "intrinsic value."
|
![](http://click.linksynergy.com/fs-bin/click?id=h8BN5KCpRYw&offerid=20386.10000001&type=4&subid=0"><IMG width="120" height="60" alt="blue box" border="0" src="http://www.site59.com/global/images/affiliate/120_60(bl)_01.gif"></a><IMG border="0" width="1" height="1" src="http://ad.linksynergy.com/fs-bin/show?id=h8BN5KCpRYw&bids=20386.10000001&type=4&subid=0">){kind=link}