trade concerns

Ports Contract Eases Trade Concerns

DanIndustry News Release

trade concernsA contract agreement between the International Longshore and Warehouse Union and the Pacific Maritime Association has eased trade concerns. The two ratified a three-year extension to the labor contract for workers at 29 ports on the West Coast. Politico reports that the announcement Friday comes as a sigh of relief for U.S. importers and exports. In 2014 and 2015, shippers faced major delays during a long-running contract dispute that led to a worker strike. Representative Dave Reichert, chairman of the House Ways and Means Trade Subcommittee, says the agreement brings “greater confidence to the countless farmers, workers, and businesses that suffered millions in losses during the ports slow-down.” The U.S. Meat Export Federation says the contract extension “helps ensure that the United States will continue to live up to its reputation as a reliable red meat supplier.”

From the National Association of Farm Broadcasting News Service.