by Calculated Risk on 2/20/2015 10:15:00 PM

Some good news from the LA Times: Shipping lines and dockworkers reach deal, port shutdown averted

Shipping companies and the dockworkers union have reached a tentative deal on a new labor contract, union officials said Friday night, staving off a shutdown of 29 ports that would have choked off trade through the West Coast.
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It will take weeks, if not months, just to clear the current backlog, port officials said.