World Perspectives

Port Strike Suspended: A Look at Short-Term and Long-Term Issues

East and Gulf Coast port workers are back on the job today after striking on 1 October. Many of the affected ports will add weekend overtime hours to load trucks; several ports will remain closed to trucks today as containers are offloaded to prepared for resumptions of trucking. Importers report being invoiced for port congestion fees by the shipping companies, but in the end, the work stoppage was short enough that the economic ramifications will be limited, for now.   The deal is temporary, with the strike suspended until 15 January after the ports offered wage increases of $4 per hour immediately on top of the $39 per hour base, and an additional $4 per hour for the remainder of the six-year master contract. That is a total i...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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