Late “ray of hope” in US port strike – deadline looms though

Associated Press with the hopeful report, In brief:

• strike deadline looming
• the union for 45,000 dockworkers and the group representing East and Gulf Coast ports have exchanged wage offers
• leaving a ray of hope that a deal can be reached without a major work stoppage
• U.S. Maritime Alliance, which represents 36 ports from Maine to Texas, said that both sides have moved from their previous positions

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Strike action is threatened to begin at 12:01 a.m. Tuesday.

The ports under threat handle about half the ship cargo coming in and going out of the U.S.

This article was written by Eamonn Sheridan at www.forexlive.com.