Associated Press with the hopeful report, In brief:
strike deadline loomingthe union for 45,000 dockworkers and the group representing East and Gulf Coast ports have exchanged wage offersleaving a ray of hope that a deal can be reached without a major work stoppageU.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.
