Here’s what was really at stake in the recent California ports deal struck last week, Ben Geir reports on fortune.com.
The ongoing dispute had led to significant slowdowns and jams. The new deal lasts for five years and covers 29,000 workers at 29 ports, the LA Times reported, Geir writes.
The shutdown had impacted major ports including the ones at Long Beach and Los Angeles, which handle around 40% of incoming container cargo for the US, Geir reports.
To get a sense just how important these ports are, consider this video visualizing how cargo moved through the world on a typical day in 2012:http://kenallensforum.blogspot.com/
