West Coast ports to begin tackling
backlog after labor deal
containers sit idle at the Port of Los Angeles as a back-log of over 30
container ships sit anchored outside the Port in Los Angeles, California,
February 18, 2015.
CREDIT: REUTERS/BOB RIHA, JR.
(Reuters) - U.S. West Coast
ports will resume full operations from Saturday evening after a tentative
labor deal was reached between a dockworkers union and a group of shippers,
easing months of disruptions to trans-Pacific trade that have hit businesses
from automakers to meat exports.
The agreement involving 29
ports was announced late on Friday in a joint statement by the two sides. It
was reached three days after U.S. Labor Secretary Thomas Perez arrived in San
Francisco to broker a deal with the help of a federal mediator who had joined
the talks six weeks earlier.
The White House called the
deal, reached after nine months of negotiations, "a huge relief"
for the economy, businesses and workers.
President Barack Obama urged the dockworkers and the shipping
companies to work together to clear the port backlogs.
The 20,000 dockworkers covered
by the tentative five-year labor accord have been without a contract since
July. Tensions arising from the talks have played out since last fall in
chronic cargo backups that increasingly slowed freight traffic at the ports.
Our regulatory experts are monitoring
the situation and keeping a close eye on labor negotiations, which began on
May 12, 2014. In the meantime we are checking shipment status on a
daily/hourly basis to see where our client’s cargo stands in movement towards
its final destination. While we can’t control the situation we can keep you
contained in this newsletter has been compiled from various industry
newsletters and other public sources. While we use reasonable efforts to
furnish accurate and up-to-date information Page & Jones, Inc. is not
liable or responsible for the accuracy or reliability of any information