Reuters — U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time. The strike ended sooner than investors had expected, weakening shipping stocks across […] Read more
Tag Archives port strike
West coast dock workers revoke strike notice
VANCOUVER (Reuters) — Dock workers on Canada’s Pacific coast said they have revoked a strike notice issued for Saturday after Prime Minister Justin Trudeau directed a crisis meeting to pursue all options to ensure the stability of supply chains as he stressed the critical role of port operations. The strike notice revoked had been issued […] Read more
Tentative agreement reached in port strike
A tentative agreement has been reached between the British Columbia Maritime Employers Association and the International Longshore & Warehouse Union. The four-year deal is subject to ratification by both parties. Details of the agreement are not being released. “The BCMEA recognizes and regrets the significant impact this labour disruption has had on the economy, businesses, […] Read more
Pork sector calls for essential service status amid port strike
Many Canadian pork processing plants set to close in the next few weeks could end up with a backlog of unsold meat products, which may lead to "millions of dollars in losses across agriculture very quickly," according to the release.
