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ILA, USMX talks break down, 'container cliff' in the making

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Wednesday, December 19, 2012

Shipper concern over the economic fallout that would result from a strike at U.S. East and Gulf coast ports is growing, after the abrupt breakdown in contract talks between the International Longshoremen's Association and employers represented by the U.S. Maritime Alliance (USMX) on Tuesday. According to USMX, at a meeting in Newark, N.J., “the Federal Mediation and Conciliation Service (FMCS) recommended a short contract extension to keep both parties at the bargaining table...

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