Oct 01, 2024
Start Date:
The strike began on October 1, 2024, involving dockworkers from the East and Gulf Coasts
Union Involved:
Approximately 45,000 members of the International Longshoremen’s Association (ILA) are participating in the strike
Main Issues:
The strike centers around demands for higher wages and protections against automation, which the union argues could lead to job losses
Economic Impact:
The strike is expected to significantly disrupt the supply chain, potentially costing the US economy between several hundred million to $4.5 billion per day
Affected Ports:
The strike affects 14 major ports from Maine to Texas, which handle about half of the goods shipped into and out of the US
Consumer Impact:
If the strike continues for an extended period, it could lead to shortages and higher prices for various goods, especially with the holiday season approaching
Preemptive Measures:
Some businesses and logistics firms have taken steps to mitigate the impact by ordering goods in advance
Negotiation Status:
There have been no successful negotiations between the ILA and the United States Maritime Alliance (USMX), which represents the ports