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Port of Oswego Economic Impacts Study Released - Supports $26.7M in Economic Activity, More Than 209 Jobs

Oswego County Today 09/24/2018

OSWEGO - The Great Lakes Seaway Partnership announced the release of Economic Impacts of the Port of Oswego, a report documenting the many contributions made by the port and Great Lakes Seaway Shipping to the city of Oswego, Oswego County, state of New York and Great Lakes region.

 To read the whole article go to: oswegocountytoday.com/port-of-oswego-economic-impacts-study-released-supports-26-7m-in-economic-activity-more-than-209-jobs/news/oswego/

Officials: Discrepancy, third party to blame for missing soybeans at the Port

OSWEGO - Missing soybeans worth about $1 million that came through the Port of Oswego Authority have been found, with officials noting a third-party vendor was responsible for the discrepancy.

 

A spokesperson for Perdue Agribusiness said Thursday the roughly 86,000 bushels of soybeans were shipped late last year to an international vendor, which initially claimed they were short by that amount. After several months of looking into the matter, Perdue and the port officials found the third party misreported what they received and no criminal proceedings are expected.

 

Joe Forsthoffer, spokesperson for Perdue, noted the port was not at fault and added the company was always certain the issue would be resolved.

 

"We were confident all along that working with the port there would be a resolution to this, "said Forsthoffer. "With their cooperation we were able to figure this out and put that to bed."

 

The roughly 2,200-metric-ton discrepancy arose during a July port Board of Directors meeting, with then-Executive Director Zelko Kirincich alerting board members that Perdue claimed to be "short on inventory so of course they're looking at...our staff and us."

 

Forsthoffer said when the third-party vendor - located in Canada and whom he declined to identify - said they were short, Perdue thought the extra soybeans were at the Port Authority of Oswego. When the company went to load a subsequent Great Lakes vessel, it unexpetedly could not fill the ship - leading to the confusion.

 

After months of combing through records, the two parties identified where the error had occurred. The books are now all balanced, according to Forsthoffer.

 

"There was never any doublt on the part of the board or the port that there would be a positive outcome," said Amy Tresidder, chairperson of the port board of directors.

 

Perdue is still doing business with the third-party vendor, according to Forsthoffer, who said he had "no reason to believe this was anything other than a mistake."

 

The soybean shortage was confirmed by Perdue just weeks after the state Investigator General's (IG) office executed a warrant at the port as part of an ongoing investigation. A self-ordered review of the port's finances over the summer found Kirincich's travel and credit card expenses showed almost $16,000 in transactions without receipts over the past four years.

 

Forsthoffer pointed out Monday the soybean shortage "seems to be totally unrelated," from the IG investigation.

 

Kirincich offered a letter of resignation to the board in December effective in early January.

State helps Port expands with $40M Rail Investment

State helps Port expand with $40M rail investment 

By BENJAMIN KALI bkali@palltimes.com | Posted: Friday, April 10,2015 4:00am

 

OSWEGO- The recently approved state budget includes a $40 million investment in central New York rail lines and rail yards that will help connect the Port of Oswego Authority to the Port of New York and New Jersey.

 

With construction of intermodal rail yards in Central New York and some minor construction in Newark, N.J., port officials say they will be able to ship more cargo directly to and from New York City, creating a getway for signficant international shipping.

 

“It’s huge,” said the port executive director, Zelko Kirincich. “ By the time [project] is done it will lead to economic propriety for the region.” Kirincich said the project could mean jobs, both short and long term and both direct and indirect, throughout the area. Not just construction work either, but jobs for future businesses looking for an attractive location with solid shipping opportunities. 

 

“The governor is aware of the potential of the area,”Kirincich said.” We have been approached by some very large entities looking to make this region commercially viable again.” Some of the investment will go toward repairing and upgrading existing rail lines through Central New York, with port officials arguing shipping by rail is significantly cheaper than other methods.

 

“We’re expecting construction to start this summer,” said Terry Hammill, chairman of the port board of directors. “We’d like to have this thing in effect by next shipping season. There’s already substantial infrastructure that needs upgrading and expanding.” In January, after Gov. Andrew Cuomo released his initial budget proposal, officals said a rail yard would be constructed in Syracuse and Binghamton. Kirincich said the port is essentially in the process of “becoming a regional port authority,” with transportation hubs impacting the entire state. 

 

While the overall work is still in the preliminary phases, Kirincich said the port is working to have the system of rail, truck and ship intercon-nectedness operational “in concert with Panama Canal opening in 2016.” Hammill said the port has been working on plans for the project for several months, and that it coincides with significant boosts in revenue for the port over the last few years. He says this year the port is edging closer to $5 million in revenue, and budgeting for more than $5.5 next year.

 

“We’re in a position to compete with anybody anywhere,”he said, echoing Kirincich’s point that businesses might be drawn to Central New York with greater opportunity for shipments.”We’re in a prefect location to provide routes to a wide spectrum of prospective customers.”

  

 Click here to view a related TV interview on Channel 9 News -

 www.localsyr.com/story/d/story/new-rail-yard-to-link-trains-trucks-and-ships-with/80257/K3pFMJNZp0WK8UaRVXoylA

MISSION STATEMENT

The mission of the Port of Oswego Authority is to serve as an economic catalyst in the Central New York Development Council District Region by providing diversified and efficient transportation services and conducting operations in a manner that promotes regional and international growth and development while being mindful of our responsibility to serve as a steward of the environment.
Adopted - September 28, 2011
Revised - March 8, 2017

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Phone : (315) 343-4503

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