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ILWU, PMA agree to transform arbitration system, labor secretary says.
U.S. Labor Secretary Perez announced Friday night the International Longshore and Warehouse Union and Pacific Maritime Association reached an agreement on a new five-year contract.
Economist revised forecasts, predicting lower import growth and a second year of declines in exports.
Election proceeded despite the request for a restraining order.
January 2015 totals for U.S.-North American Free Trade were higher than the previous year for rail, truck and air transportation, according to figures from the Department of Transportation’s Bureau of Transportation Statistics.
Officials say the worst back ups have been alleviated, but challenges remain as countermeasures continue to be implemented.