Long-Term Effects of ILA Longshoremen Strike on Consumers and the Economy: A Week-by-Week Breakdown
The International Longshoremen's Association (ILA) strike is creating a ripple effect around global trade networks, leading to major supply chain disruptions that affect both consumers and the broader economy. As the strike drags on for several weeks, its impacts become increasingly severe on industries, logistics, and international trade - with cascading effects lasting even after any potential settlement agreement has been made. Below we explore weekly impacts of ILA strike…
US Dockworker Strike: Talks at a Standstill
A strike by 45,000 dockworkers halting shipments at U.S. East Coast and Gulf Coast ports entered its second day on Wednesday with no negotiations currently scheduled between the two sides, sources told Reuters.The lack of progress is raising concerns among those reliant on shipments that the disruption could be prolonged.The International Longshoremen's Association union strike has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, which…
White House Sides with Union as US Dockworker Strike Enters Second Day
President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, a disruption that analysts warn will cost the economy billions of dollars a day.More than 38 container vessels were already backed up at U.S.
East Coast Dockworkers Strike Halts Half of US Ocean Shipping
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…
Argentina Maritime Unions to Halt Port Activities for 48 Hours
Maritime labour unions in Argentina announced on Thursday they would cease all activities in ports for 48 hours.The United Maritime Workers Union in a post on Facebook said that the Tugboat Owners Chamber (C.A.R.) has refused to negotiate an expired bargaining agreement, prompting the union to halt work.However, in light of concerns over potential energy supply shortages, the union confirmed that tugboats, which guide vessels supplying thermoelectric power plants and LNG gas tankers, will continue operations.The exception was made to prevent additional pressure on the energy sector.(Reuters -
Argentine Grain Inspector Strike Ends, Exports to Flow
The union representing Argentine port-side grain inspectors said on Thursday it had ended a month-long wage strike after reaching a contract deal with export companies that will allow international soy, corn and wheat shipments to return to normal.The deal was struck after a marathon negotiation session with Argentina's private ports chamber on Wednesday. The work stoppage by the union, known by its Spanish acronym Urgara, started on Dec. 9 and had hit operations in key ports throughout Argentina…
