Port of Oakland’s Shiny New… $79.5MM Contract

SFChron reports that the Port of Oakland (quasi City of Oakland) has picked up a new global trade shipping handler for $60MM down and $20MM in yearly rent.

Let the good times, “6,000 jobs” and MIC goods roll in and wash over us.

I don’t know when this many longshoreman and logistics jobs will miraculously appear, since every morning when I hop on BART these days to SF, I see endless stacks of rainbow bricks (shipping containers) piling up at the Port on all sides.

Maybe in late 2012-2014?

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