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West Coast Ports, Longshore Union Reach
Deal on Five-Year Contract, Avert Shutdown

Feb. 23, 2015, 5:00 AM

West Coast ports, the International Longshore and Warehouse Union and maritime shippers have ended their nine-month standoff with a tentative agreement on a five-year contract, averting a shutdown of 29 ports that could have cost the U.S. economy $2 billion a day, the parties announced late Feb. 20.

“This is now in the rear-view mirror,” Labor Secretary Tom Perez told reporters outside the San Francisco headquarters of the Pacific Maritime Association, which had been locked in the battle with the union over a new contract for about 20,000 dockworkers. “A significant potential headwind for this economic recovery has been removed.” ...

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