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West Coast port union, employers say no plan for strike or lockout

15 Tháng Sáu 2022
West Coast port union, employers say no plan for strike or lockout © Reuters. FILE PHOTO: Stacked containers and cranes are shown at the Port of Los Angeles in Los Angeles, California, U.S. November 22, 2021. REUTERS/Mike Blake

LOS ANGELES (Reuters) - The union and employers negotiating the contract for more than 22,000 port laborers on the U.S. West Coast on Tuesday said they are committed to reaching a deal and are not planning any work stoppages or lockouts that would worsen supply chain logjams.

The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) employer group have been in negotiations since May.

They said they do not expect to reach a deal before the high-stakes labor agreement, which covers workers at key ports like Los Angeles and Long Beach, expires on July 1.

In a joint statement released Tuesday, the ILWU and PMA said that at a meeting in Los Angeles on Friday, they shared with U.S. President Joe Biden their commitment to reaching a deal.

"Neither party is preparing for a strike or a lockout," they said.

The news came just hours before the nation's busiest ocean trade gateway in Los Angeles, which employs the lion's share of West Coast port workers, reported near record imports for May.

Import volumes at the Port of Los Angeles are easing from the levels seen during the throes of the pandemic, when home-bound shoppers binged on everything from exercise equipment to garden supplies.

Still, they remain about 20% above normal - stoking shipper anxieties that any breakdown in the often-contentious labor talks could spawn work slowdowns, gum up cargo flows and send inflation-fueling transportation costs even higher.

The nation's supply chain issues have raised enough concerns that the Biden administration has stepped in to assist.

The complex notched its third-highest monthly import result in May, processing 499,960 20-foot equivalent units (TEU). That was down 6.7% from the year earlier due to COVID-related shutdowns in parts of China and moderating demand from U.S. consumers.

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30-06-2022 21:15:21 (UTC+7)

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 EUR/USD1.0426↑ Buy
 GBP/USD1.2174↑ Buy
 USD/JPY135.90↑ Sell
 AUD/USD0.6904Neutral
 USD/CAD1.2902↑ Buy
 EUR/JPY141.71↑ Buy
 EUR/CHF0.9963↑ Buy
 Gold1,816.70↑ Sell
 Silver20.395↑ Sell
 Copper3.7250↑ Buy
 Crude Oil WTI107.17↑ Sell
 Brent Oil110.00↑ Sell
 Natural Gas6.525↑ Sell
 US Coffee C230.15↑ Buy
 Euro Stoxx 503,425.05Buy
 S&P 5003,748.90Sell
 DAX12,653.71Neutral
 FTSE 1007,126.25Neutral
 Hang Seng21,859.79Sell
 Small Cap 20001,681.70Neutral
 IBEX 358,038.41↑ Buy
 BASF40.195↑ Buy
 Bayer56.53↑ Buy
 Allianz181.01↑ Buy
 Adidas167.01Buy
 Lufthansa5.407↑ Buy
 Siemens AG96.53↑ Sell
 Deutsche Bank AG8.225↑ Buy
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