MARKETS NEWS
Tentative Deal in Terminal Dispute
Tue Aug 12, 2014 02:38 PM CDT

PORTLAND, Ore. (AP) -- A bitter and occasionally violent two-year labor dispute at Northwest grain terminals ended with a tentative deal reached in the middle of the night.

The Federal Mediation and Conciliation Service said the International Longshore & Warehouse Union and Pacific Northwest grain companies reached the agreement shortly before midnight. If ratified, the agreement ensures that U.S. grain exports proceed without disruption during harvest. Details of the deal were not divulged.

"Clearly the parties maintained strongly held competing views on the many issues that divided them during this process. In the end they found a way," said Scot ...

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