Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Strike looms at US East Coast, Gulf of Mexico ports

admin by admin
September 27, 2024
in Stock
0
Strike looms at US East Coast, Gulf of Mexico ports
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

(Reuters) – Talks between the International Longshoremen’s Association (ILA), which represents 45,000 port workers, and the United States Maritime Alliance (USMX) employer group appear deadlocked on wage issues ahead of a Sept. 30 deadline to reach a new contract deal.

The union, which represents dockworkers across 36 ports on the U.S. East Coast and the Gulf of Mexico, threatens to strike on Oct. 1. If its members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977.

The affected ports process more than half of U.S. ocean trade and a widespread work stoppage would upend transportation schedules, delay goods for across a broad swath of industries and send shipping costs higher. All of that could mean shortages and higher costs for consumers.

Here’s a brief rundown of events leading up to the potential strike:

May 13, 2024

The ILA and the USMX say they will begin bargaining after May 17 with the goal of forging a new deal before the current six-year contract expires on Sept. 30.

June 10, 2024

The ILA halts negotiations amid disputes related to automation, after discovering that operator APM’s terminals and container shipping company Maersk Line were using an Auto Gate system that processes trucks without labor.

June 11, 2024

The USMX says some issues will require further conversation between the local parties, adding that it looks forward to re-engage with the bargaining committee.

July 12, 2024

ILA President and chief negotiator Harold Daggett says the threat of an Oct. 1 strike is growing after the violation of its contract by some of USMX members, which caused it to cancel negotiations earlier.

August 23, 2024

The USMX says it has been unable to secure a meeting with the ILA to resume negotiations.

September 5, 2024

Nearly 300 ILA delegates end their two-day wage scale meetings with unanimous support for President Daggett’s call for an Oct. 1 strike if an agreement is not reached.

September 23, 2024

The ILA says it has held multiple conversations with the USMX in recent weeks and adds that a stalemate remains over wages, with the employer group continuing to offer “an unacceptable wage increase package.”

September 24, 2024

The White House says it will not try to broker a deal between the two parties.

September 25, 2024

Agriculture groups urge the White House to act to avert the potential strike.

September 26, 2024

The USMX files an unfair labor practice charge with the National Labor Relations Board to bring ILA back to the bargaining table.

This post appeared first on investing.com

Previous Post

China cuts short-term borrowing costs

Next Post

Ceres surges after ‘solid numbers update’

admin

admin

Next Post
Ceres surges after ‘solid numbers update’

Ceres surges after ‘solid numbers update’

Trending News

Ukraine says it received $1.1 billion from IMF in latest funding

Ukraine says it received $1.1 billion from IMF in latest funding

December 23, 2024
Hungary to hold up G7 loan to Ukraine until after US election

Hungary to hold up G7 loan to Ukraine until after US election

October 8, 2024
UBS looks at how Trump’s tariff plans could impact credit spreads

UBS looks at how Trump’s tariff plans could impact credit spreads

January 25, 2025
Subscribe to Insightful Word


    Recent News

    Hang Seng, Nifty lead Asian markets higher on Monday

    Hang Seng, Nifty lead Asian markets higher on Monday

    May 12, 2025
    US, China strike trade deal: key tariffs reduced, but some remain

    US, China strike trade deal: key tariffs reduced, but some remain

    May 12, 2025
    US stock futures rally as US and China agree to a rollback in tariffs

    US stock futures rally as US and China agree to a rollback in tariffs

    May 12, 2025
    Amazon, Tesla drive Magnificent Seven surge on US-China trade deal

    Amazon, Tesla drive Magnificent Seven surge on US-China trade deal

    May 12, 2025

    Recent News

    Hang Seng, Nifty lead Asian markets higher on Monday

    Hang Seng, Nifty lead Asian markets higher on Monday

    May 12, 2025
    US, China strike trade deal: key tariffs reduced, but some remain

    US, China strike trade deal: key tariffs reduced, but some remain

    May 12, 2025

    Latest News

    • Hang Seng, Nifty lead Asian markets higher on Monday
    • US, China strike trade deal: key tariffs reduced, but some remain
    • US stock futures rally as US and China agree to a rollback in tariffs

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.