Transportation Infrastructure
Company Overview of Massachusetts Port Authority
Company Overview
One Harborside Drive
Suite 200S
East Boston, MA 02128-2909
United States
Founded in 1956
Key Executives for Massachusetts Port Authority
Massachusetts Port Authority Key Developments
Massachusetts Port Authority plans to lay off about 25 workers at Conley Terminal following a decision by the Port of Boston's biggest customer to suspend a route that moves cargo between Southeast Asia and the East Coast. In two phases of layoffs starting January 23, about 20 of the 90 longshoremen and clerks who regularly work at the port will lose their jobs, along with up to five of 30 Massport employees. In addition, five open Massport positions will not be filled. The suspended service by the China Ocean Shipping Co., known as COSCO, and its partners means the Port of Boston will lose about 1,000 containers a week being transported through the Suez Canal in Egypt. The route accounts for more than a third of the cargo business at Conley. The shipping consortium, which started the Boston-Suez Canal route in May, is also eliminating its Suez Canal ports of call in New York and Norfolk, Va. The reduction is a result of a global slowdown caused by a decrease in consumer demand. The China Ocean Shipping Co. will continue its service between Boston and the Panama Canal. The layoffs are necessary to balance the loss of revenues at the port as fewer ships come in. The cargo business at Conley Terminal has never been a money-making operation, Massport officials said, and is subsidized by the port authority. In the past, Massport used toll revenues from its operation of the Tobin Bridge to buffer the losses at Conley Terminal, but with the bridge now under the state Department of Transportation's authority, Massport no longer has access to those funds.
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