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Us West Coast Ports

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business2 years ago•2 min saved

West Coast Port Labor Dispute Resolved with Tentative Agreement

The Longshore union and employers of 22,000 dockworkers at US West Coast ports have reached a tentative deal on a new six-year contract, ending 13 months of talks and easing supply chain worries. The agreement, covering workers at ports stretching from California to Washington State, is subject to ratification by both parties. The workers have been working without a contract since July 1 and have been seeking a share of pandemic cargo surge profits and retroactive pay.

via Reuters|

#business #contract-deal #longshore-union

business2 years ago•0 min saved

Tentative 6-year contract deal reached for US West Coast ports.

The Longshore union and employers of 22,000 dockworkers at U.S. West Coast ports have reached a tentative deal on a new six-year contract covering workers at all 29 ports. The agreement is subject to ratification by both parties and details have not been released. Negotiations have stretched into a 13th month, with unions seeking a bigger share of record profits reaped when cargo shipments surged during the pandemic.

via CNBC|

#business #labor-contract #longshore-union

logistics2 years ago•2 min saved

US West Coast Port Disruptions Continue to Cause Supply Chain Concerns.

President Biden has sent his labour secretary to California to resolve the ongoing pay negotiations between employers and dockworkers, which have led to sporadic walk-outs and damaged productivity at many terminals in the US. The situation has worsened following news of a 72-hour strike at the ports of Vancouver and Prince Rupert in Canada. Growing congestion at the Panama Canal is also causing concern for supply chain executives. Biden can invoke the Taft-Hartley Act to force a resumption of normal port operations. However, the latest data from Danish box watchers eeSea shows comparatively minimal disruption.

via Splash 247|

#biden #congestion #labour-negotiations

business2 years ago•2 min saved

West Coast port disruptions continue for fourth day, causing trade delays.

Industrial action by dockworkers across US west coast ports has entered its fourth day, causing severe disruptions to operations. Talks between the Pacific Maritime Association and the International Longshore and Warehouse Union have been ongoing for 13 months. If the shutdowns become widespread and protracted, freight rates into the US might increase quite sharply, warns Lars Jensen, CEO of consultancy Vespucci Maritime.

via Splash 247|

#business #contract-talks #freight-rates