Strike threat looms as ILA prepares final contract demands for September

Posted on August 14, 2024   |  

Potential labor strikes could close 6 of the 10 busiest U.S. ports just weeks before the presidential election.

Contract talks for key ports from Boston to Houston have stalled since June after the dockworkers' union ended wage negotiations with the United States Maritime Alliance (USMX).

Even the possibility of strikes could disrupt trade in the region, prompting shipping companies to plan alternative routes.

Last summer, West Coast ports lost market share due to prolonged contract talks between the union and employers, resulting in a six-year agreement.

There is a significant difference in wage demands between the East Coast dockworkers' union and the recent West Coast settlement.

The East Coast union is now seeking wage increases beyond the 32% achieved by the West Coast union.

These ongoing labor issues could lead to major trade disruptions in the U.S., especially as the election approaches.