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Special Report: West Coast Port Shutdown

Feb 13, 2015
As of February 12th, commerce has been at a halt in the West Coast shipping ports. The Pacific Maritime Association (PMA) released a statement that 29 U.S. West Coast ports in Long Beach and Los Angeles would stop loading and unloading until Monday the 16th. The International Longshore and Warehouse Union (ILWU) and the PMA have been in frosty negotiations for the past nine months, causing cargo delays and slowed productivity resulting in pain for shippers, retailers, agriculture, and manufacturers across the company. Ships have had to reroute to alternate coasts, and valuable days of shelf life on perishable items are being lost. The groups who depend on timely trans-Pacific trade, such as farmers, are growing deeply concerned about the serious consequences of these interruptions. Due to the gridlock, the National Retail Federation is calling on the White House to help push for a settlement and prevent any further damage to American businesses. Our suggestion? Buy domestic as much as you can until an agreement has been made between the PMA and ILWU.

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