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PMA says it offered the ILWU a 5-year contract with 3% annual wage increases, and negotiations will continue, but a lockout could occur in 5-10 days.
U.S. Labor Secretary Perez announced Friday night the International Longshore and Warehouse Union and Pacific Maritime Association reached an agreement on a new five-year contract.
Move comes as ILWU, PMA talks enter 10th month.
Marine terminal officials agree that future contracts will require ongoing collaboration.
Economist revised forecasts, predicting lower import growth and a second year of declines in exports.
Purchase of Hong Kong-based ecVision gives GTM solutions provider wider product reach at origin by extending into supplier management, while also strengthening its position in China.