Market Watch – by LAURA STEVENS, ERICA E. PHILLIPS
West Coast port employers and their union said they reached a tentative five-year agreement on a new contract late Friday. The pact brings an end to a nine-month standoff that resulted in significant slowdowns at the ports.
The International Longshore and Warehouse Union and the Pacific Maritime Association were locked in negotiations all day Friday after the White House sent Secretary of Labor Thomas Perez to urge the two groups to come to an agreement. He threatened to send the parties to Washington, D.C., if the situation wasn’t resolved by the end of the day. Continue reading “West Coast port employers, union reach tentative pact”

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