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Tentative Agreement Reached on US East CoastFriday, October 4, 2024
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Dear Customer,
Please find excerpt from an article published by CNN Business:
“Striking members of the International Longshoremen’s Association (ILA) will be back to work on Friday, the union announced Thursday evening, as it reached a tentative deal with the management group representing shipping lines, terminal operators and port authorities.
The union agreed to extend the contract it had with the United States Maritime Alliance, the management group known as USMX. That deal, which had expired at the end of Monday, will be now extended until January 15 and have the union members back on the job while the final details are worked out in a full agreement that will need to be ratified by the rank-and-file.
A tentative deal would still need to be ratified by the rank-and-file ILA members before it can take effect. But with ships stuck at sea unable to come into US ports to unload and load goods, the union has agreed to have workers return to work on Friday.
Still, should the members vote against the deal, the strike might start once again.”
We will continue to monitor the situation for further update in the weeks / months ahead and advise as new information surrounding the contract ratification is made available.
Sincerely,
HENSALL GLOBAL LOGISTICS |
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