As freight rates soar, dock workers get bigger pay raises
Earlier this week, 159 trade associations representing key supply chain stakeholders sent a letter to the Biden administration and relevant congressional committees, calling on the U.S. government to intervene in the stalled labor contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Union (USMX). On June 10, the International Longshoremen’s Association issued a press release announcing that it refused to continue negotiations due to an outstanding dispute with a terminal operator at a port on the Gulf Coast. The International Longshoremen’s Association has expressed its willingness to call for a coast-to-coast strike if a new contract agreement is not reached before the expiration of the current contract, which covers approximately 45,000 longshoremen at ports on the East and Gulf Coasts of the United States. The current contract expires on September 30, 2024. In the letter, the industry associations urged the Biden administration to "immediately work with both parties to resume contract negotiations to ensure that port…