This Week 42 Freight Market Update finds the U.S. East Coast recovering from the ILA strike and recent Hurricanes Helene and Milton. Elsewhere, capacity dips as demand wanes due to strategic adjustments made by importers ahead of the ILA strike and China's [...]
EAST COAST PORTS & WEATHER Hurricane Helene severely disrupted the U.S. supply chain by forcing the closure of major ports, airports, and rail lines impacting ports in Florida, Georgia, North Carolina, South Carolina, and Virginia. Damage has been extensive and local transport operations [...]
"The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease [...]
UPDATE: ILA-USMX REACH TENTATIVE CONTRACT AGREEMENT October 3, 2024 6:30 p.m. CST: ILA strike ends. Affected ports will resume operations on Friday, October 4, 2024 at 8:00 a.m. local time. Learn more about this development at Green Worldwide Shipping: ILA-USMX Reach Tentative Agreement, U.S. Dockworker Strike Ends. Week 40 [...]
"USMX’s goal continues to be focused on ratifying a new Master Contract that addresses all the critical issues the parties need to bargain. Reaching an agreement will require negotiating – and our full focus is on how to return to the table to further discuss these vital components, many of [...]
"Collective bargaining is the best way for workers to get the pay and benefits they deserve. I have urged USMX, which represents a group of foreign-owned carriers, to come to the table and present a fair offer to the workers of the International Longshoremen’s Association that ensures they are [...]
ILA DOCKWORKERS ON STRIKE The 2024 International Longshoremen's Association (ILA) dockworker strike has thrown U.S. ports into a state of uncertainty, creating significant ripple effects across global supply chains. As contract negotiations between the ILA and the United States Maritime Alliance (USMX) reached a stalemate, the strike was launched on [...]
HELENE: STRONG WINDS AND FLOODING DESTROYS ROADS AND HOMES IN THE U.S. SOUTHEAST AND GULF COASTS Last week, Hurricane Helene rapidly intensified into a Category 4 hurricane, bringing sustained winds that reached 130 mph as it approached the U.S. Gulf Coast. The storm made landfall on September 26, 2024, unleashing [...]
HELENE UPDATES - SEPTEMBER 27, 2024 Helene continues to disrupt critical infrastructure across Florida, Georgia, South Carolina, North Carolina, and now Virginia, affecting ports, airports, railroads, and power grids. Ports Port Tampa Bay: Remains closed for all vessel traffic due to high winds. Landside operations continue in a limited capacity, [...]
The International Longshoreman Association's (ILA) contract with the United States Maritime Alliance (USMX) will expire on September 30, 2024, and without a new agreement, a strike could begin on October 1, 2024. This would have widespread impacts on ports along the U.S. East Coast and Gulf Coast, which collectively handle over 50% of U.S. [...]
