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Filipino company ICTSI sought to undermine the collective bargaining agreement and multi-employer system that has benefited the industry and economy for decades
”ICTSI’s attack on the decades old collective bargaining relationship between the ILWU and its own employer association, PMA, demonstrates ICTSI’s arrogance and complete disregard for the rules of engagement here in the United States, but we have come to learn the hard way that this company will do whatever it takes to operate with the type of control and lawlessness that it operates in other parts of the world,” said Leal Sundet, Coast Committeeman. ”U.S. antitrust law simply does not go where ICTSI wanted it to go here, and the court made that clear.”SAN FRANCISCO, CA (April 1, 2014) – A federal judge overseeing several cases in the labor dispute at Portland’s Terminal 6 has thrown out two lawsuits brought by Filipino company International Container Terminal Services, Inc. and the Port of Portland.
On March 24, 2014, Federal District Court Judge Michael Simon dismissed ICTSI’s antitrust claim against the ILWU and the Pacific Maritime Association. ICTSI’s antitrust claim constituted an unprecedented...
Global trading group Louis Dreyfus Commodities B.V. posted a sharp drop in net profit for 2013 after a U.S. drought disrupted grain markets and as sugar and other soft commodities were hit by oversupply.
Net income for the full year fell to $640 million from a record $970 million in 2012, the group said in a results statement on Wednesday.
The worst drought in half a century in the United States in 2012 curbed global grain output the following year and sent prices soaring, cutting volumes and processing margins for traders such as Louis Dreyfus that do business all along the agricultural supply chain.
More at Reuters
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