US East Coast Dockworkers Strike, Halting Half the Nation’s Ocean Shipping
October 1, 2024 | 1 min to read
Dockworkers on the U.S. East Coast and Gulf Coast launched a historic strike on October 1, marking their first major stoppage in nearly 50 years, as negotiations over wages collapsed. This action halts approximately half of the nation’s ocean shipping, impacting the movement of essential goods from food to automobiles, and is projected to cost the economy billions daily while threatening jobs and exacerbating inflation. The International Longshoremen’s Association (ILA) had been seeking a new six-year contract with the United States Maritime Alliance (USMX).
NEW YORK, Oct 1 – 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 45,000 port workers had been negotiating with the United States Maritime Alliance (USMX) employer group for a new six-year contract ahead of a midnight Sept. 30 deadline.
To read the rest of the story, please go to: Reuters
90 of 128 article in DeliBusiness Fall 2024
