US Shippers Avoid East Coast Ports on Risk of Second Strike
U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land a new contract with employers by a Jan. 15 deadline.The International Longshoremen's Association (ILA) labor union and the United States Maritime Alliance (USMX) employer group had ended a three-day strike in October with a tentative agreement on wages, but left the thorny issue of port automation still to be resolved."Anything we expect that we need in the back half of January…
US East Coast, Gulf Coast Port Workers Union to Resume Contract Talks in November
The union representing 45,000 East Coast and Gulf Coast dockworkers and a group representing employers will resume negotiations next month toward reaching a new six-year contract ahead of a Jan. 15 deadline, they said on Friday.The International Longshoremen's Association union agreed to end a three-day strike on Oct. 3 after it won agreement for a 62% wage hike over six years with the United States Maritime Alliance employer group after significant involvement by the White House…
Montreal Port Dockworkers Begin Overtime Strike
Dockworkers at the Port of Montreal have begun an overtime strike on Thursday morning, the port authority said, as negotiations over a new contract make little progress.During this partial strike of indefinite duration, all port terminals will remain open but dockworkers will not be working overtime as part of their duties, it said.The port authority estimates the strike to slow down or disrupt the handling of around 50% of goods, including food, pharmaceutical products and raw materials for industries…
U.S. Port Strike Settled— What happens next?
The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) announced in an historic development for U.S. maritime industry that they had reached a tentative agreement which officially ends the longshoremen strike that had significantly disrupted East and Gulf Coast ports. After weeks of negotiation, the ILA secured a 62% wage increase over six years for its 47,000 members over this resolution; ending labor unrest that had brought critical U.S.
US Port Strike Leaves Huge Cargo Backlog In Its Wake
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.The strike ended sooner than investors had expected, weakening shipping stocks across Asia on Friday as freight rates were no longer expected to surge.At least 54 container ships queued outside the ports as the strike had prevented unloading and threatened shortages of anything from bananas to auto parts.
Ships Queue at US Ports as Dockworker Strike Enters Third Day
Long lines of container ships lined up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day, preventing unloading and threatening shortages of everything from bananas to auto parts.No negotiations were scheduled between the International Longshoremen's Association and employers, but the port owners, under pressure from the White House to hike their pay offer to land a deal, signaled late on Wednesday they were open to new talks."The longer this goes on…
Long-Term Effects of ILA Longshoremen Strike on Consumers and the Economy: A Week-by-Week Breakdown
The International Longshoremen's Association (ILA) strike is creating a ripple effect around global trade networks, leading to major supply chain disruptions that affect both consumers and the broader economy. As the strike drags on for several weeks, its impacts become increasingly severe on industries, logistics, and international trade - with cascading effects lasting even after any potential settlement agreement has been made. Below we explore weekly impacts of ILA strike…
US Dockworker Strike: Talks at a Standstill
A strike by 45,000 dockworkers halting shipments at U.S. East Coast and Gulf Coast ports entered its second day on Wednesday with no negotiations currently scheduled between the two sides, sources told Reuters.The lack of progress is raising concerns among those reliant on shipments that the disruption could be prolonged.The International Longshoremen's Association union strike has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, which…
White House Sides with Union as US Dockworker Strike Enters Second Day
President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, a disruption that analysts warn will cost the economy billions of dollars a day.More than 38 container vessels were already backed up at U.S.
ILA 'Scaremongering' with Hyperbolic Box Rate Claims -Xeneta
The International Longshoremen’s Association (ILA) on Tuesday has gone ahead with strike action at U.S. ports from Maine to Texas and accused ocean container carriers of ‘gouging customers’.The ILA confirmed the strike in an announcement yesterday, Monday, while at the same time claiming ocean container carriers are now charging $30,000 per container in a ‘whopping increase from $6,000 just a few weeks ago’.Xeneta data – which is based on more than 450 million crowdsourced datapoints – shows the ILA claim is misleading. Average spot rates on the major fronthaul from the Far East to U.S.
East Coast Dockworkers Strike Halts Half of US Ocean Shipping
Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation's ocean shipping after negotiations for a new labor contract broke down over wages.The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, in a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs, and potentially stoke inflation.The International Longshoremen's Association (ILA) union representing 45…
US East Coast Ports Union Prepping for Possible Strike
The International Longshoremen's Association union, representing 45,000 workers at major container ports from Texas to Maine, will begin two days of meetings on Wednesday to review wage demands and prepare for a potential strike on Oct. 1.Formal talks have reached an impasse as the union and the United States Maritime Alliance employer group wrangle over pay, automation, healthcare and retirement benefits.A source familiar with the negotiations said the ILA has asked for a 77% pay bump over the life of the new contract.
