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Port congestion is causing layoffs and inability to reach overseas consumers.
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.
Workers will try to clear backlog from terminals.
The port authority saw a 4.9% drop in profits due to higher interest charges and depreciation.
The logistics provider and freight forwarder doubled EBIT and increased profits by more than 600% in 2014.
Containers in stack at Centerm contained trichloroisocyanuric acid, according to the terminal operator.