NEWS
ILWU and PMA Shake Hands
Mary Kennedy DTN Basis Analyst
Mon Jun 1, 2015 11:49 AM CDT

After nearly 10 months of labor slowdowns resulting in monetary losses to container shippers, the members of the Pacific Maritime Association (PMA) and the International Longshore & Warehouse Union (ILWU) ratified a new five-year contract on the West Coast which is retroactive to July 1, 2014, and runs through June 30, 2019.

According to the PMA website the contract, which covers 29 ports on the West Coast including major container ports in Los Angeles, Long Beach, Oakland, Portland, Seattle and Tacoma, features an "enhanced arbitration system" designed to support waterfront stability, capacity growth and productivity. "This is especially important given ...

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