US East Coast port strike temporarily averted
Longshoremen's union, Maritime Alliance agree to contract extension until January 28, 2013
The threat of a strike by longshoremen at 15 ports on the US East Coast, which would have likely increased shipping costs, has been temporarily averted, according to Global Development & Management LLC, which helps petfood manufacturers establish export markets.
The International Longshoremen's Association and the Maritime Alliance agreed to extend the current contract until January 28, 2013. The major issue, royalties paid to longshoremen based on cargo weight, was resolved.