it reached an agreement with Local 502 of the International Longshore and Warehouse Union. The company said the new six-year agreement expires on Jan. 31, 2028. It’s subject to a ratification vote by the end of this month. Westshore said work resumed at the terminal on Sunday.
“Negotiations with Local 502 were the first of three locals and talks with the other two ILWU Locals will be scheduled in the near future,” the company added. It also said annual throughput volume for 2022 is estimated at 24-25 million tons, a reduction from the previous estimate of 27.5 million tons.
“The throughput reduction reflects the impacts of the labour disruption as well as less than expected performance from BNSF for the second half of the year,” it stated. It said the estimate assumes no further work stoppages or other disruptions to the regular business operations.
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