Dock workers along the US East Coast and in the Gulf of Mexico went on strike today, disrupting the flow of about half of the nation’s seaborne trade, after negotiations for a new labor contract failed to meet wage demands. The strike is blocking everything from food to vehicles at dozens of ports from Maine to Texas in a strike that analysts warn will cost the economy billions of dollars each day and fuel inflation. The International Longshoremen’s Association (ILA), which represents 45,000 longshoremen, was negotiating with the United States Maritime Alliance (USMX) employers’ organization to work out a new six-year labor contract ahead of a September 30 midnight deadline. “As a result of the expiration of the master agreement between the United States Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA), a work stoppage is underway at the Port of Virginia and other ports along […]
Source: News Beast
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