Ailing Sacramento-Yolo Port Searching for Land Buyers

Kelemen, Jasmina
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p28
Trade Publication
The article states that faced with a shrinking market and unable to compete with larger ports nearby, the Sacramento-Yolo Port District could be forced to declare bankruptcy by next summer unless it can raise badly needed cash by selling off available land. Over the last several months, the ailing port has suffered a series of blows that have exacerbated the cash crisis, including the loss of two customers that accounted for nearly 20% of its gross revenues. A recent report analyzing the port's operations concluded that its long-term sustainability hinges on diversifying its business, attracting new goods to its docks, and an extensive, costly modernization program.


Related Articles

  • Ports Authority improvements continue full-steam ahead. Martinez, Marialba // Caribbean Business;11/8/2001, Vol. 29 Issue 45, p48 

    Focuses on the operation of docks in Puerto Rico. Improvements done on large-vessel dry dock and Puerto Nuevo dock; Revenue generated from the facilities; Cost of the redesign and construction of Puerto Nuevo harbors.

  • Hurting firms dart for bankruptcy protection. Genn, Adina // Long Island Business News (7/1993 to 5/2009);9/30/2005, Vol. 52 Issue 41, p5A 

    Reports on the increase in bankruptcy filings by financially troubled companies before the new Bankruptcy Abuse Prevention and Consumer Protection Act take effect in the U.S. Application for Chapter 7 protection by the consumers; Increase in personal debt; Restriction of pay packages as a means...

  • New bankruptcy rules More hurdles for debtors.  // Consumer Reports;Jun2005, Vol. 70 Issue 6, p49 

    Reports on changes in laws for bankruptcy in the United States. Description of the Bankruptcy Abuse Prevention and Consumer Protection Act, which is expected to be put into effect October 2005; Efforts to get consumers to pay back more of their debt; Assertion that most people will be forced to...

  • Failing companies don't have to be bankrupt of marketing responses. Minor, Michael // Marketing News;3/5/1990, Vol. 24 Issue 5, p9 

    The article discusses marketing strategies and approaches in handling bankruptcy or financial crisis. The problem must be communicated throughout the company. Preannouncing the filing for bankruptcy is the current trend to make it less of a surprise to suppliers and customers. It is best to...

  • Debt problems boost insolvencies.  // Accountancy;Dec2002, Vol. 130 Issue 1312, p28 

    It is reported that third quarter insolvency figures published by the government suggested businesses might be at risk from rising consumer debt and individual bankruptcies as of the year 2002. Corporate insolvencies during third quarter of 2002 rose 3,873, up 5.2% on the same period in 2001,...

  • Bankruptcy Option for Individuals: Impact of the New Bankruptcy Law. Tucker, James J. // Journal of Financial Service Professionals;Jul2006, Vol. 60 Issue 4, p58 

    The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 represents the largest overhaul of the Bankruptcy Code in more than 25 years. This article examines major changes and provisions of the new law that would impact the decision of a financially distressed client regarding the...

  • Coping With Bankruptcy. Battersby, Mark E. // Air Conditioning Heating & Refrigeration News;7/9/2007, Vol. 231 Issue 10, p6 

    The article reports on the difficulty of financially troubled heating, ventilating, air-conditioning and refrigeration (HVACR) business to use bankruptcy as a tool of recovery in the U.S. It states that the new bankruptcy laws severely reduce the safe harbor of reorganizing and refinancing...

  • Bankruptcies are on the rise in the U.K. N. C. // Asset Securitization Report;9/25/2006, Vol. 6 Issue 36, p20 

    The article reports on the increasing cases of bankruptcies and Individual Voluntary Arrangements (IVAs) in Great Britain. The increase in bankruptcies and IVAs has created a major impact on credit portfolio trust and on the securitization master trust because they are fast-tracked through to...

  • GOING UNDER. Kiviat, Barbara // Time;3/21/2005, Vol. 165 Issue 12, p86 

    Reports on a bill passed by Congress that will make it harder for middle-class families to erase medical, credit-card and other debt. Requirement that credit counseling be sought before filing for bankruptcy; Concern about credit-counseling agencies that funnel consumers into expensive...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics