Ports Shutdown Averted, But Huge Backlog

Labor Secretary Thomas Perez, forged a compromise between the West Coast dockworkers and their employers. From Bloomberg: “This is now in the rear-view mirror,” Labor Secretary Tom Perez told reporters late Friday outside the San Francisco headquarters of the Pacific Maritime Association, which had been locked in the contract battle with the International Longshore and Warehouse Union. “A … [Read more...]

Devastating Shutdown of US Supply Chain Feared

Peter's Commentary: One Week To Looming Port Shutdown 29 US West Coast ports could shut down within a week due to unsuccessful wage hike negotiations. These ports handle 43.5% of all containerized cargo in the US and are responsible for 12.5% of US GDP. Talks between the Pacific maritime association (PMA), representing port management and the international Longshore and Warehouse Union have … [Read more...]