📦📈 Container imports are on the rise, and it’s shaping up to be a big year for global trade! 🌍 According to the National Retail Federation (NRF), January 2025 is forecasted to bring in 2.2 million more TEUs compared to January 2024. 🚢
ILA Port Strike Ends
The ILA port strike has ended after days of protests by 45,000 dockworkers from key East and Gulf Coast ports. With their contract expired and months of stalled negotiations on wages and automation, the walkouts severely impacted international shipping.
East Coast Port Protest Continuing
The ILA dockworkers have gone on strike at East and Gulf Coast ports as of October 1st, after negotiations with the U.S. Maritime Alliance stalled. They’re fighting for fair wages and protections against port automation, which threatens their jobs. As the strike continues, the impact on shipping and various industries is growing.
ILA Port Strike Beginning
After months of failed negotiations, the ILA port strike has begun. Dockworkers across East and Gulf Coast ports are protesting the end of their six-year contract with the (USMX), which expired on September 30th.
A Port Strike Is Imminent
A port strike is on the horizon as the clock ticks down to midnight on September 30th, with dockworkers from the International Longshoremen’s Association (ILA) preparing to walk off the job.
Ports Preparing For ILA Protests
Ports are preparing for a potential strike by ILA workers on October 1st which could disrupt U.S. ports after failed talks with the U.S. Maritime Alliance. With over 40% of imports at risk, the strike could cost $5 billion daily and cause delays.
Navigating A Port Strike
The ILA is set to strike on October 1st, and with 43% of U.S. imports passing through East and Gulf Coast ports, supply chains could face serious delays. How can shippers prepare for potential disruptions.
New Surcharges As Strike Nears
As the ILA strike nears on October 1st, top shipping lines Hapag-Lloyd and CMA CGM are imposing new surcharges for East and Gulf Coast ports, starting mid-October. The ILA is pushing back on automation, and fighting for wage increases, and pension demands.
Strike Lowering Spot Rates
With the ILA’s potential strike looming on October 1st, shipping spot rates are dropping for East Coast ports. The union plans to halt operations after their contract expires on September 30th, pushing for higher wages, better pensions, and opposing port automation.
The Potential Impact of A Strike
The shipping industry is bracing for a potential ILA strike as contract talks stall ahead of the October 1st deadline. The International Longshoremen’s Association is pushing for higher wages, better benefits, and restrictions on automation, but negotiations with the United States Maritime Alliance (USMX) have hit a standstill. If no agreement is reached, major port disruptions could follow.