August 7, 2024 in Customer Advisory
Customer Advisory: ILA Contract Negotiations – Possible Strike
August 7, 2024
The International Longshoremen’s Association (ILA) is seeking a wage increase from maritime employers on the U.S. East and Gulf coasts. They are proposing an 80% rise over six years, amounting to a $5-per-hour rise annually. The ILA has issued a 60-day strike notice (starting on October 1st) if a new contract is not reached by September 30, 2024.
Potential Impact:
- Operational Disruptions: The ILA’s strike could lead to considerable disruptions in maritime operations, affecting cargo handling and transportation on the East and Gulf coasts.
- Supply Chain Delays: Delays in cargo movement could result in extended delivery times and increased costs for businesses relying on the East and Gulf Coast ports.
Transfrexa is actively monitoring the situation and will continue to provide updates as needed. If you have any questions, please contact your Transfrexa representative.
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About Transfrexa
Transfrexa is a leading global supply chain logistics provider focused on order management. With over four decades of experience, we offer innovative, end-to-end supply chain solutions across various industries. With a strategic balance of our world-class account management teams, proprietary digital solutions, and an extensive network, Transfrexa’ Order Management will enable your business to stand out, adapt faster, and execute more efficiently than your competitors.
The Transfrexa group of companies has a global network covering all major markets and is backed by a multinational workforce. Transfrexa Ltd is a member of the Kintetsu World Express group, a global logistics services provider. For more information, visit www.Transfrexa.com, email us at [email protected], and connect with us on LinkedIn, Instagram, and YouTube.