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CMA CGM Vice Chairman Rodolphe Saadé calls deal a "major new agreement."
ILWU, PMA agree to transform arbitration system, labor secretary says.
Strong container and steel volumes led the way for a record year at the port.
On-time performance is being hampered by congestion at West Coast ports.
DHS funding crisis means the agency will have to focus resources on border security, cargo clearance
The revised agreement would allow collaboration on congestion, transportation infrastructure needs and pollution mitigation.