US West Coast port workers shut some terminals in showdown over pay [Reuters]
Walmart Inc. (WMT)
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Source: Reuters
The Pacific Maritime Association (PMA), which represents terminal operators, said on Twitter that union workers have "effectively shut down" or "severely impacted" some terminals at ports in Los Angeles, Long Beach, Oakland and Hueneme in California and Tacoma and Seattle in Washington state. The latest work actions come as labor talks between the PMA and the International Longshore and Warehouse Union (ILWU) enter their 13th month. Negotiators are in their final push, with wages and benefits remaining. A source told Reuters talks broke down on Thursday because the two sides are far apart with respect to pay. The worker protests comes as major retailers such as Walmart (WMT.N) , Target (TGT.N) and Amazon.com (AMZN.O) gear up for this year's back-to-school and Christmas shopping seasons. The standoff also comes as the shipping companies that own many terminals have seen their rates return to more normal levels after surging during the early days of the COVID-19 pandemic. South
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