Economy

End to Port Dispute May Be in Sight
Written by Sandy Williams
February 5, 2015
The International Longshore and Warehouse Union and Pacific Maritime Association are closing the gap on negotiation demands. The latest offer by the PMA includes higher wages, continuation of a fully paid health care package and jurisdiction over maintenance and repair of truck chassis.
The ILWU said a contract agreement is “extremely close” and the few issues that remain can be “easily resolved.”
The negotiations, that have been ongoing for nearly nine months, have been fraught with allegations and accusations from both parties. The PMA has blamed the ILWU for initiating slowdowns that have crippled West Coast ports. The ILWU says port congestion crisis is employer-caused, due in part to chassis issues.
Whatever the reason, the gridlock at West Coast ports has reached crisis stage. Applying further pressure on the negotiations, PMA CEO James McKenna said in a press conference on Wednesday that the ports are in danger of a lockout within the next five to ten days if an agreement is not reached.
Despite the acrimonious negotiations, both sides agree that keeping the ports open and cargo moving is in the best interest of the U.S. economy.
In a press release on Wednesday, the ILWU “pledged to keep the ports open and keep cargo flowing, despite the massive, employer-caused congestion crisis that has delayed shipping for most of 2014.”
“The deteriorating situation on the docks is in nobody’s long-term interest,” said PMA President Jim McKenna. “I hope the ILWU leadership will give very serious consideration to this contract offer, which I believe respects their members and gives us a clear path to conclude these talks. We owe it to workers and businesses across the nation to resolve our differences and get our ports moving again.”

Sandy Williams
Read more from Sandy WilliamsLatest in Economy

Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.

Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.

Manufacturing in New York state contracts again
However, companies are growing more optimistic about the future.

ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.