February 23, 2015 − After more than nine months of negotiations, a tentative contract agreement has been reached between the Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU). The PMA and ILWU announced their settlement Friday evening Feb. 20, 2015.
Union member vote will be required before the contract terms are officially accepted. It’s not certain yet when that vote will be taken. Cargo movement should improve soon. However, it could take 6-to-8 weeks for West Coast ports to recover from the cargo backlog. You can read the full story here.
TTI’s customers should continue to rely on our constant contact with manufacturers for the most up to date information.
TTI’s massive global inventory, (2X greater than the industry), provides opportunities not found from other suppliers and distributors.
Please contact your local TTI Sales office for more details if necessary.
TTI, Inc. a Berkshire Hathaway company, is an authorized, specialty distributor of interconnect, passive and electromechanical (IP&E) components and the distributor of choice for industrial and consumer electronic manufacturers worldwide. Broader and deeper inventory, leading-edge products and custom supply chain solutions have established TTI as the leading specialist in electronic component distribution. Globally, the company maintains 1.2 million cubic feet of dedicated warehouse space containing over 850,000 component part numbers. Along with its subsidiaries, Mouser Electronics and Sager Electronics, TTI employs more than 4,300 employees and is represented in over 100 locations throughout North America, Europe and Asia. For more information about TTI, visit www.ttiinc.com