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Union reportedly has comprehensive offer.
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.
Longshoremen are planning rallies tomorrow in Los Angeles and Tacoma.
The port authority saw a 4.9% drop in profits due to higher interest charges and depreciation.
The Singapore facility will include the company’s first fully automated express parcel sorting and processing system in South Asia.
The logistics provider and freight forwarder doubled EBIT and increased profits by more than 600% in 2014.