The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) have reached a tentative agreement. While specific details have not been released, it has been announced that ILA members will receive a 61.5% salary increase under this agreement, and the Master Contract will be extended until January 15th, 2025. This agreement will suspend the three-day strike and allow the United States to resume port operations along the East and Gulf Coasts.
On October 3rd at 6:30 PM, the ILA and USMX posted a joint statement stating,
“The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15th, 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.” (ILA).
Individuals should expect continued delays in their supply chain. It has been estimated that the Ports will take 2-3 weeks to resume operating as usual. This will allow time for backlogs to be cleared, as at least 45 vessels are waiting outside the East and Gulf Coasts.
During these next few months, companies are advised to take proactive steps to prepare their supply chains for potential disruptions in the future. While we hope negotiations will be made by January 15th, there is no guarantee. The ILA still has demands regarding automation that need to be addressed.
As always, do not hesitate to contact your Rogers & Brown representative or email us at [email protected] with any questions or concerns. We will keep you updated as we receive new information.