Los Angeles to Sell $340 Million in Bonds to Refurbish Container Port

By Elizabeth Campbell Sept. 2 (Bloomberg) -- The Los Angeles Harbor Department, which runs the busiest container port in the U.S., is selling about $340 million of debt, the most since 2009, after the risk of a crippling strike was reduced by a tentative agreement on health-care costs between longshoremen and shippers. The sale this week will help refinance debt and … [Read more...]

Strike Ends, Ports of L.A.-Long Beach Return to Full Operations

By Dan Whitcomb and Steve Gorman LOS ANGELES (Reuters) - The largest U.S. cargo shipping complex resumed full operations on Wednesday after harbor clerks and management settled an eight-day strike that left two Southern California ports mostly idle, sapping the region's economy of an estimated $8 billion. The strike at the ports of Los Angeles and Long Beach ended when … [Read more...]

L.A.-Long Beach Port Strike: Clerical Workers and Management Agree to Federal Mediation

Striking clerical workers at the ports of Los Angeles and Long Beach have agreed with management to federal mediation in hopes to put an end to a week long strike that has crippled the United States' largest port complex. Los Angeles Mayor Antonio Villaraigosa announced the agreement to mediation Tuesday following an all-night bargaining session between the Office Clerical … [Read more...]

Cargo Ships Stack Up At Ports of Los Angeles and Long Beach as Strike Continues

LOS ANGELES (Reuters) - Freighters with no place to unload their cargo lined up at anchorages off Los Angeles and Long Beach for a seventh day on Monday as shippers and striking clerks resumed talks to end a labor dispute that has idled most of America's biggest container port complex. The two sides remained at loggerheads over the future of union representation for clerical … [Read more...]