|
US Labor Dept. Reaches Out to Employer Group Amid Possible Port Strike
|
|
|
 Sept. 24, 2024 | ECONOMY | The U.S. Department of Labor has reached out to the United States Maritime Alliance ahead of a threatened Oct. 1 port strike on the East Coast and Gulf of Mexico by the International Longshoremen's Association, the employer group said on Monday. The Department of Labor's involvement suggests that President Joe Biden's administration is willing to help hammer out a deal before the existing contract covering 45,000 workers at three dozen ports expires at midnight on Sept. 30. The likelihood of an ILA strike is "on the rise as negotiations prove contentious, though action is unlikely to last long," TD Cowen analyst Jason Seidl said in a client note. Any work stoppages or slowdowns would come just weeks ahead of the Nov. 5 U.S. presidential election. American Journal of Transportation
|
|
|
|
