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Dole signs 15-year lease with Port of Wilmington, DE

From Delaware Online:

Dole Food Co. will continue moving bananas and other fresh fruit up the Delaware River and into the Port of Wilmington for the next 15 years thanks to a lease signed Tuesday.

Dole is the largest tenant at the port. The company had been contemplating a move to Paulsboro, N.J., until reaching a deal in principal in August to continue to do business at the Port of Wilmington.

In an effort to keep Dole and other fruit customers like Chiquita and Pacific Seaways, Local 1694 of the International Longshoremen’s Association agreed two years ago to a contract that cut the union’s pay by 7.5 percent, and froze it for the life of the contract, which runs through 2018.

More at Delaware Online

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