Employers ratify ‘fair and equitable’ ILA contract

United States Maritime Alliance says six-year pact “will ensure continued labor peace in our ports.”

Employers ratify ‘fair and equitable’ ILA contract

United States Maritime Alliance says six-year pact “will ensure continued labor peace in our ports.”

Employers ratify ‘fair and equitable’ ILA contract

United States Maritime Alliance says six-year pact “will ensure continued labor peace in our ports.”

 
Members of the United States Maritime Alliance Ltd. (USMX) voted Monday to ratify a new six‐year master contract with the International Longshoremen’s Association.
    USMX represents employers of ILA members along the U.S. East Coast and Gulf Coast and includes container carriers, marine terminal operators and port associations as members.
    The approval came five days after ILA members voted overwhelmingly to ratify the new contract.
    “We are pleased with the outcome of this USMX ratification of what we consider to be a fair and equitable contract benefiting not only our members, the BCOs and supply chain partners, but also for the ILA and their families,” said David F. Adam, chairman and chief executive officer of USMX. “Most importantly, it will allow us to continue moving and growing our cargo and will ensure continued labor peace in our ports.”
    Since 1977, USMX and its predecessor organizations have successfully negotiated 10 new contracts with the ILA without a coast‐wide work stoppage.
   The new master contract will take effect Oct. 1 and will run through Sept. 30, 2024.
Normally, the fourth quarter is a peak season for air cargo. So, essentially flat growth in November is a big disappointment. While our outlook is for 3.7 percent demand growth in 2019, downside risks are mounting. Trade tensions are cause for great concern. We need governments to focus on enabling growth through trade, not barricading their borders through punitive tariffs.
The Drewry-assessed World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 5.7 percent to $1,689.95 per 40-foot container as of Jan. 10.
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