British Columbia ports face shutdown in labor contract dispute [Yahoo! Finance]
Trinity Industries, Inc. (TRN)
Last trinity industries, inc. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
The move by the British Columbia Maritime Employers Association (BCMEA) representing ocean carriers and terminal operators at the Port of Vancouver, the country's busiest container hub, and the Port of Prince Rupert, comes in a contract dispute over 700 forepersons represented by International Longshore and Warehouse Union (ILWU) Local 514. Employers termed the lockout, set for 9 a.m. local time, a defensive move after the union earlier had called for an industry-wide strike as of 8 a.m. Monday. The BCMEA called the strike notice “untenable” in an update posted to its website, and said a lockout would ensure “a safe and orderly wind-down of operations.” An estimated $800 million worth of trade flows through Canada's West Coast ports each day. Employers said their final offer calls for a wage hike of 19.2% spread over four years, boosting forepersons' median pay to C$246,323-$293,617. The BCMEA warned that if the union rejected the offer, terms of subsequent contract proposa
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News
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TRN
Earnings
- 5/1/24 - Beat
TRN
Sec Filings
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- 11/13/24 - Form SC
- TRN's page on the SEC website