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East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen's Association (ILA) began walking off the job after 12:01 a.m. ET on October 1. The ILA is North America's largest longshoremen's union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance (USMX), and picketing workers beginning to appear at #ports. The union and #port ownership group failed to reach agreement by midnight on a new contract in a protracted battle over wage increases and use of automation. In a last-ditch effort on Monday to avert a strike that will cause significant harm to the U.S. economy if it is lengthy — at least hundreds of millions of dollars a day at the largest ports like New York/New Jersey — the USMX offered a nearly 50% wage hike over six years, but that was rejected by the ILA, according to a source close to the negotiations. The port ownership group said it hoped the offer would lead to a resumption of collective bargaining. The 14 ports where preparations for a strike have been underway are Boston, New York/New Jersey, Philadelphia, Wilmington, North Carolina, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa, Miami, New Orleans, Mobile, and Houston. https://lnkd.in/d_vcmgXn MSC Mediterranean Shipping Company Hapag-Lloyd AG CNBC

US dockworkers have launched a major strike, disrupting operations at major ports and threatening significant economic impacts. Key points: 45,000 workers on strike: The strike affects operations at over 30 container ports. Disruptions to supply chains: Delays in holiday merchandise and perishable goods are expected. What do you think about the strike? How will it impact businesses and consumers? Share your thoughts below. #dockworkers #strike #ports #supplychain #logistics #transportation #economy #union #labor #negotiations Learn more about this news in https://lnkd.in/gNesjH5m

US Ports Strike Reaches Day Three with No Deal in Sight🚨 Tens of thousands of U.S. dockworkers continue their strike for a third consecutive day, bringing operations at major eastern ports to a standstill. The International Longshoremen’s Association (ILA) is pushing for better wages, improved health benefits, and a ban on automated terminals. While specific contract demands remain undisclosed, the union is reportedly seeking a 77% wage increase over six years and stronger protections for its 45,000 members. Experts warn the strike could cause significant economic losses and heightened inflation just weeks before the presidential election. President Biden has urged both parties to resolve the dispute quickly, emphasising the need for dialogue between the ILA and the United States Maritime Alliance (USMX). Although Biden has the authority to intervene under the Taft-Hartley Act, he has so far refrained from ordering dockworkers back to work. As this standoff continues, the economic impact grows, potentially draining billions from the U.S. economy. We are closely monitoring the situation and will provide updates as they unfold. Stay connected with us on social media for the latest updates!🔔linktr.ee/beckchoiceltd #Beckchoice #GlobalLogistics #SupplyChain #PortStrike #FreightForwarding #ShippingSolutions #USPortStrike #ILAPortStrike #SeaFreight #Freight #Cargo #NewYork #USMX #ILA

📢 U.S. dockworkers' strike suspended following an agreement, with a pause until mid-January. The recent resolution between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) has brought an end to the strike that significantly affected U.S. East and Gulf Coast ports. Here are The key details of the deal: -Tentative Agreement: The ILA and USMX agreed to a temporary deal that includes a contract extension until January 15, 2025, while they continue to negotiate the terms of a long-term six-year contract. This tentative agreement allows dockworkers to return to their jobs, resuming port operations immediately. -Wage Offer: A major sticking point of the strike was wages. The improved deal includes record wage increases for the dockworkers, although specific numbers were not disclosed in detail. President Biden praised the agreement as critical progress. -Backlog and Congestion Management: The agreement comes after weeks of halted operations, leaving more than 50 container ships stranded offshore at various ports. These ships will begin docking in the order they arrived, but the backlog and congestion could take several weeks to resolve fully, with effects potentially lasting through the month. -Impact on Cargo: Carriers, including major shipping lines like CMA-CGM, HMM, and Ocean Network Express, declared force majeure due to the strike, meaning they were not liable for delays caused by the strike. While port activity is expected to normalize gradually, the agreement has not fully resolved how to handle cargo still en route or in transit, adding uncertainty to immediate shipment plans. -This tentative deal is seen as a short-term fix while both parties continue their negotiations for a long-term solution that will hopefully prevent future disruptions. #PortStrike #Logistics #SupplyChainResilience #FreightForwarding #PyramidsFreightServices #WSA

East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen's Association (ILA) began walking off the job after 12:01 a.m. ET on October 1. The ILA is North America's largest longshoremen's union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance (USMX), and picketing workers beginning to appear at #ports. The union and #port ownership group failed to reach agreement by midnight on a new contract in a protracted battle over wage increases and use of automation. In a last-ditch effort on Monday to avert a strike that will cause significant harm to the U.S. economy if it is lengthy — at least hundreds of millions of dollars a day at the largest ports like New York/New Jersey — the USMX offered a nearly 50% wage hike over six years, but that was rejected by the ILA, according to a source close to the negotiations. The port ownership group said it hoped the offer would lead to a resumption of collective bargaining. The 14 ports where preparations for a strike have been underway are Boston, New York/New Jersey, Philadelphia, Wilmington, North Carolina, Baltimore, Norfolk, Charleston, Savannah, Jacksonville, Tampa, Miami, New Orleans, Mobile, and Houston. https://lnkd.in/d_vcmgXn CNBC

Port strike still on schedule, union says Tens of thousands of dockworkers at East and Gulf Coast ports plan to strike when their contract expires at 12:01 a.m. on Tuesday. The International Longshoremen’s Association (ILA), representing 25,000 workers, is demanding a significant wage increase, accusing the United States Maritime Alliance (USMX) of neglecting wage growth while ocean carrier profits soared. The union seeks a 70% pay hike over six years, similar to recent increases won by West Coast dockworkers. The strike could disrupt ports handling $92 billion in trade, including key hubs like New York-New Jersey and Baltimore. Despite having the authority to intervene, President Biden does not plan to block the strike. Shippers, who have already frontloaded imports, may avoid immediate disruption, but industries relying on just-in-time deliveries could feel pressure. #PortStrike #Dockworkers #EastCoastPorts #GulfCoastPorts #ILAStrike #SupplyChainDisruption #TradeImpact #USMX #UnionStrike #Logistics #ShippingCrisis #ImportExport #JustInTimeLogistics #Biden #LaborRights Stay Informed: https://lnkd.in/eMb5sMzZ

(USA 04.10.24) #globaltrade Dockworkers and Port Operators Reach Deal to End Strike; Ryan Sweet Comments. Dockworkers and port operators have reached a deal to end a recent strike, allowing operations to resume at affected ports. The agreement comes after significant disruptions to supply chains and economic impacts. The resolution is expected to stabilize the situation and restore normal shipping activities, benefiting both the ports and the businesses reliant on them. This development marks a critical step in addressing ongoing labor issues in the logistics sector. https://lnkd.in/g3_mdsy8

🔊 BREAKING NEWS 🔊 Port Strike Ends as Dockworkers Agree to Tentative Deal 👍 Striking members of the International Longshoremen’s Association have agreed to return to work at East Coast and Gulf Coast ports on Friday, the union announced tonight, as it and the United States Maritime Alliance have reached a tentative agreement on wages. 👍 The ILA announced union members will be back on the job while the final details are worked out for a full agreement, which would then need to be ratified by the rank-and-file workers. #THANKGOODNESS #TRANSPORTATION #FREIGHT #LOGISTICS #PORTS #DOCKWORKERS #SUPPLYCHAIN

Around 45,000 members of the International Longshoremen's Association (ILA) along the East and Gulf Coasts of the U.S. are on the verge of a major strike. These workers are responsible for loading and unloading cargo at ports from Maine to Texas and the strike could halt operations at key ports, creating massive disruptions in the supply chain just as the holiday season approaches. The union, led by Harold Daggett, has been negotiating a new contract with the United States Maritime Alliance. The key issues in the negotiations include wage increases and resistance to port automation, which the union fears could replace human workers. This strike could have significant economic consequences, with potential costs of $5 billion per day, affecting the shipping of goods ranging from electronics to food products. Many companies are scrambling to move cargo before the ports shut down, but the disruption could still lead to delays and higher prices on consumer goods. #longshoremen #potentialstrike