ebb Logistics

Dockworkers Reach Tentative Deal

Docker Workers working at the docks

The International Longshoremen’s Association and the United States Maritime Alliance (USMX) reached a tentative six-year agreement. This included a 62 percent increase in wages during the life of the agreement for the 45,000 members to return to work, raising the average wage from $39 to $63 an hour.

The current contract has yet to be extended to January 15th to address the remaining concerns, including automation to replace jobs.

The port strike concluded swiftly, eliminating any major economic risks, but now the work begins with the backlog of 54 container ships as reported by Reuters.

Source: Reuters

The opinions expressed do not necessarily reflect the views of the Firm, its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.

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