Port strike impacts

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“While even a brief shutdown would likely have negative impacts given the sheer volume of goods that come through these ports, our recent conversations with our companies suggest that they already have contingency plans in place, so the nearterm headwinds would likely be minimal,” Ciccarelli wrote. “That said, if the strike goes on for an extended period and the delays/backups compound, it’s likely that companies will begin to face higher logistical and supply chain costs (higher container rates, increased ground transport costs as stem miles increase, etc.) as well as potential product shortages.”

“In that scenario, we would expect many of our companies to face both cost, and potentially sales headwinds, until the strike is resolved and container backlogs are worked through,” the analyst added. In Truist’s view, the heaviest negative impacts would likely be on Dollar Tree Inc., Five Below Inc., Target Corp., Best Buy Co. Inc. and Walmart Inc.. However, Ciccarelli notes that the strike would likely be “a headwind of some level,” across the board.
...
The strike could affect the U.S. economy by as much as $3 to $4 billion a day, according to Jefferies, while J.P. Morgan estimated that the ports shutdown could have an economic impact of $3.8 billion to $4.5 billion per day. However, some of that would be recovered over time after a return to normal operations, according to J.P. Morgan.
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Statement from Teamsters:

teamster.org

Teamsters Stand With The International Longshoremen’s Association

(WASHINGTON) – The following is a statement from Teamsters General President Sean M. O’Brien on the failure of the United States Maritime Alliance (USMX) to
teamster.org teamster.org

With port shutdowns most cargo ships will anchor out.

If the IBT stands with the ILA you won't have a lot of commodities moving around. I'm sure you know the rest.

Let's hope for a quick settlement.

Latest ILA news:

ILA News – ILA Union

ilaunion.org ilaunion.org

The USMX has shut their web site down but here's a link to it that was working a couple of hours ago.

USMX-ILA Negotiations Updates
 

US dockworkers strike, halting half the nation's ocean shipping​

  • ILA strike is first such action by the union since 1977
  • Strike could cost the economy an estimated $5 billion a day
  • Strike disputes include pay, terminal automation project issues
  • White House officials hope for short strike, sources say
NEW YORK, Oct 1 (Reuters) - U.S. East Coast and Gulf Coast dockworkers began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the country's ocean shipping, after negotiations for a new labor contract broke down over wages.

The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation.

More:

 
Joe chimes in...............

President Biden urges USMX to make ‘fair offer’ to striking dockworkers

ILA members walked out at 12:01 on 1 October as a six-year labour deal expired bringing ports along the entire US East and Gulf to a standstill for the first time since 1977.

The USMX, or United States Maritime Alliance, represents employers at container terminals on the US East Coast many of which are operated by international shipping lines, or their terminal operating subsidiaries.

“It is time for USMX to negotiate a fair contract with the longshoremen that reflects the substantial contribution they’ve been making to our economic comeback,” Biden said in a Whitehouse statement.

More:

 
Not my original work:
When the body was first created, all the parts wanted to be Boss. The brain said, "I should be Boss because I control all of the body's responses and functions."

The feet said, "We should be Boss since we carry the brain about and get him to where he wants to go."

The hands said, "We should be the Boss because we do all the work and earn all the money."

Finally, the asshole spoke up. All the parts laughed at the idea of the asshole being the Boss. So, the asshole went on strike, blocked itself up and refused to work.

Within a short time, the eyes became crossed, the hands clenched, the feet twitched, the heart and lungs began to panic, and the brain fevered. Eventually, they all decided that the asshole should be the Boss, so the motion was passed. All the other parts did all the work while the Boss just sat and passed out the shit!
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Jack hits the nail on the head here.

DOCK STRIKE Begins in the USA!- (Must Watch!)​

Oct 1, 2024

Here are my thoughts on the Port Strike of long shoremen in the US. and southeast!


9:03
 

Military Family Household Goods, Vehicle Shipments Face Delays Due to East Coast Port Strike​

October 2, 2024 9:07 AM

Military families shipping household goods and vehicles to the United States are the group most affected by the longshoremen’s strike that shut down East Coast and Gulf Coast ports on Tuesday, USNI News has learned.

Cargoes that are “100 percent military” will be loaded at the affected ports, Sal Mercogliano, maritime shipping expert and history professor at Campbell University, said.

The example he cited was a “brigade load-out” being put aboard roll-on, roll-off ships that would be handled as usual. “Household goods and vehicles going aboard container ships won’t be” leaving port during the strike.

“The cargo has to be 100 percent military” to be loaded.

More:

 
Put Elon in charge of automation there now and get rid of the unions. They can go learn to code.

That dude in the video going to buy a weeks worth of food LOL. Whats his plan a month from now when the strike continues and the grocery stores are empty?

I went out today. Not to bad to be honest but TP was getting low in 2 stores already and this is just getting started. I think the media hasn't told everyone to go stock up yet but when they do it's going to be ugly.
 

Ship queue grows at US ports as dockworker strike enters third day​

  • At least 45 container vessels stuck outside eastern ports
  • White House presses port employers to hike pay offer
  • Port employers signal they are open to new talks
  • Vessel backlog could double by end of week, analyst says
NEW YORK, Oct 3 (Reuters) - Long lines of container ships queued up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts.

No negotiations were scheduled between the International Longshoremen's Association and employers, but the port owners, under pressure from the White House to hike their pay offer to land a deal, signaled late on Wednesday they were open to new talks.

More:

 
Open to new talks? Here's my latest offer. You rejected a 50% pay increase so the new offer is a 25% pay decrease and you get to keep working until the automation is completed. Reject this offer and you can come collect your last paycheck along with a pink slip.

Since no ships are being unloaded anyway they might as well put an end to this BS and just build out the automation facilities now.
 

Day 2 Port Strike Recap | What the Truck Oct 2, 2024​

October 3, 2024

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu) and former merchant mariner - appears on ‎@FreightWaves What the Truck to discuss the events of Day 2 of the International Longshoreman's Association and US Maritime Alliance


17:47

Freightwaves / @freightwaves
What The Truck on Xhttps://x.com/FWwhatthetruck?t=hHIZeH...

_______________________________
Looks like the USMX site is back up and running. Here's a link to the negotiations.

ILA news

ILA News – ILA Union

ilaunion.org ilaunion.org
 
splash247.com

Recession fears stoked on day three of America's port strike - Splash247

Like in the covid era, panicked shoppers in the US have been seen scrambling to stock up on essential items such as bottled water and toilet paper as the strike across America’s eastern seaboard enters its third day with experts now suggesting the industrial action could last weeks rather than...
splash247.com splash247.com
 
Cigarlover said:
Open to new talks? Here's my latest offer. You rejected a 50% pay increase so the new offer is a 25% pay decrease and you get to keep working until the automation is completed. Reject this offer and you can come collect your last paycheck along with a pink slip.
...
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3p1p5s.jpg
 
Fatrat said:
I wonder how this will effect fentanyl and fake silver coin supplies...
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As long as Kamala keeps the border wide open, the people being released from Venezuelan prisons can continue to carry the fentanyl into the country on their backs. Our government is actually rewarding them handsomely for this service.
 
Hit Walmart, Sam's & Redner's this AM.

Walmart = a lot more peeps than normal for the time frame. Shopping carts piled high. TP & paper towels almost depleted. Talked to a couple of peeps and they told me they were stocking up because of the strike.

Sam's = way more peeps than normal for the time frame. TP, paper towels & bagged rice / beans depleted. Some of the bread was low. Talked to several people who said they were stocking up because of the strike. Most people had carts & trolleys packed to the gills.

Redner's = normal peeps. Grabbed some fried chicken & potato salad and gone.

Can't say I saw any craziness. Just peeps stocking up.

Link to Sam's (mine) toilet paper page.

www.samsclub.com

Search for toilet paper - Sam's Club

www.samsclub.com www.samsclub.com

Oh well, onward & upward.
 

Navigating the Port Strike | WGOW Shipping Guests on Project 44's Podcast​

Oct 3, 2024 #supplychain #strike #labor

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu) and former merchant mariner - appears on ‎‪@p-44‬ (Project44) podcast to discuss Day 3 of the East/Gulf Coast Port Strike between the International Longshoreman's Association and US Maritime Alliance.


15:26
 
On a merchant mariner forum I follow there's some talk out of Port of NY & NJ about a possible settlement very soon. I hope they're right.
 
Cigarlover said:
Open to new talks? Here's my latest offer. You rejected a 50% pay increase so the new offer is a 25% pay decrease and you get to keep working until the automation is completed. Reject this offer and you can come collect your last paycheck along with a pink slip.

Since no ships are being unloaded anyway they might as well put an end to this BS and just build out the automation facilities now.
Click to expand...
Looks like I scared them into going back to work.
 
searcher said:
On a merchant mariner forum I follow there's some talk out of Port of NY & NJ about a possible settlement very soon. I hope they're right.
Click to expand...

Looks like they were right.

10-3-24 ILA-USMX Joint Statement Regarding Master Contract​

ILA-USMX Joint Statement Regarding Master Contract

NORTH BERGEN/LYNDHURST, NJ (October 3, 2024) – The International Longshoremen’s Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025, to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease, and all work covered by the Master Contract will resume.

10/03/24

Joint Statement Regarding Master Contract​


________________________________________________

This is good. No one wins in a strike, and in this case the strike created panic with a lot of people.

____________________________________________

For anyone interested this is a pdf of the latest west coast dockworkers contract.

 
Article from gcaptain today:

gcaptain.com

US Port Strike Throws Spotlight on Big Union Foe: Automation

NEW YORK, Oct 4 (Reuters) – A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation’s ocean shipping this week ended on Thursday, but a key issue...
gcaptain.com gcaptain.com

McKinsey & Company 2018

www.mckinsey.com

The future of automated ports

Port automation poses significant problems, but careful planning and implementation can surmount them.
www.mckinsey.com www.mckinsey.com

Tradlinx 2 days ago

blogs.tradlinx.com

Labor vs. Automation: The Future of Port Operations - TRADLINX Blogs

Ports around the world are embracing automation, from AI-driven cranes to autonomous shipping solutions. While this transformation promises faster and more cost-effective operations, it also raises critical questions about job security for port workers. With the recent labor strikes highlighting...
blogs.tradlinx.com blogs.tradlinx.com
 

An Inside View of the International Longshoreman's and US Maritime Alliance Negotiations​

Oct 5, 2024 #ILA #USMX #supplychain

In this episode, Sal Mercogliano - a maritime historian at Campbell University (@campbelledu) and former merchant mariner - talks with former Federal Maritime Commissioner and Director of the Port of Baltimore on the International Longshoreman's Association (#ILA) and United States Maritime Alliance (#USMX) negotiations and agreement.


20:37
 

Sailing Into Port After the ILA Strike​

Oct 6, 2024

Well the ILA strike ended quicker that I was thinking at least postponed should I say. Hope everything can be fully resolved so no need to continue January 15th.
This is just a short little video as we sail into our first port after the strike. Lots more footage to come after I have time to edit it, lol.


6:21
 
Found this on a maritime forum I follow. It was in a thread about unions and the role they play / don't play in the industry.

www.dailywire.com

Auditors Found 18% Of Longshoremen’s Union Hires Had Mob Ties. The Union Had The Auditor Shut Down.

A large body of information shows that the International Longshoremen’s Association (ILA) union, whose leader rejected 50% raises and threatened to “cripple” the U.S. unless greater demands were met—has pervasive and enduring ties to the Mafia.
www.dailywire.com www.dailywire.com
 
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