Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
ILA reaffirms strike threat as shippers explore alternatives
Posted on September 16, 2024 |
The International Longshoremen’s Association (ILA) plans to strike on October 1, 2024, if a new contract isn’t agreed upon before the current one ends on September 30.
In early September 2024, ILA members unanimously voted to support a coastwide strike.
The strike is set to begin at 12:01 AM on October 1, 2024, if negotiations fail.
If the strike happens, East Coast ports may see a 13% overflow, delaying operations by 6 days for each day of the strike.
Ports will face a container backlog once the strike ends, increasing pressure on normal operations.
Smaller cargo could be shifted to the West Coast to avoid delays, but larger cargo might have a different option.
The strike's impact will depend on the size and type of cargo being transported.