ILWU and PMA Resolve Dispute
Yesterday evening, U.S. Labor Secretary Thomas Perez announced that the International Longshore and Warehouse Union and Pacific Maritime Association had resolved their dispute regarding a long-term contract. The resolution comes after 10 months of negotiations and mounting congestion at U.S. West Coast ports. Cargo moving through the busiest U.S. container ports is expected to resume at full capacity today.
Chairman Cordero said, “I want to thank Secretary Perez and his team, and the Federal Mediation and Conciliation Service, for helping to bring about this resolution between the ILWU and PMA. This is welcome news for all parties involved including U.S. exporters, importers, and ocean transportation intermediaries who rely on our West Coast ports to move their cargo to market efficiently.”