June 21, 2023 CFSI Staff

Longshoremen contract deal averts US West Coast supply chain crunch

The Pacific Maritime Association and International Longshore and Warehouse Union have arrived at a six-year contract agreement that will cover 22,000 union dock workers at all 29 major ports along the U.S. West Coast.

The ILWU and PMA, which began negotiating the deal 1 July, declined to elaborate on its details, but it apparently includes a sharing of the surge in pandemic-era cargo profits in the form of retroactive compensation for employees, Reuters reported. It remains subject to ratification by the union.

That agreement, announced 15 June, should forestall concerns about a supply chain crunch being caused by labor strikes…

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