The Fort Worth Press - US dockworkers launch mass strike month before election

USD -
AED 3.673015
AFN 68.466731
ALL 89.127604
AMD 386.157798
ANG 1.800894
AOA 943.000106
ARS 968.723763
AUD 1.446853
AWG 1.8
AZN 1.697863
BAM 1.762665
BBD 2.017538
BDT 119.407693
BGN 1.761902
BHD 0.376955
BIF 2907.755396
BMD 1
BND 1.286532
BOB 6.903979
BRL 5.443992
BSD 0.999216
BTN 83.749561
BWP 13.043753
BYN 3.269947
BYR 19600
BZD 2.013968
CAD 1.35179
CDF 2865.000015
CHF 0.847345
CLF 0.032758
CLP 903.740144
CNY 7.028801
CNH 7.02618
COP 4199.12
CRC 517.943726
CUC 1
CUP 26.5
CVE 99.377231
CZK 22.797015
DJF 177.920966
DKK 6.72708
DOP 60.375828
DZD 132.856031
EGP 48.251598
ERN 15
ETB 118.3648
EUR 0.901995
FJD 2.18585
FKP 0.761559
GBP 0.75044
GEL 2.734973
GGP 0.761559
GHS 15.806786
GIP 0.761559
GMD 69.999986
GNF 8627.744331
GTQ 7.723782
GYD 208.939756
HKD 7.773895
HNL 24.84701
HRK 6.799011
HTG 131.846244
HUF 358.873983
IDR 15196.8
ILS 3.72051
IMP 0.761559
INR 83.82605
IQD 1308.999144
IRR 42099.999582
ISK 135.230101
JEP 0.761559
JMD 157.286156
JOD 0.708696
JPY 143.751028
KES 128.90083
KGS 84.241302
KHR 4065.245798
KMF 442.296194
KPW 899.999433
KRW 1320.269992
KWD 0.30547
KYD 0.832605
KZT 480.780843
LAK 21778.939305
LBP 89473.347452
LKR 294.870986
LRD 193.331231
LSL 17.291178
LTL 2.95274
LVL 0.60489
LYD 4.730661
MAD 9.754317
MDL 17.439733
MGA 4572.612986
MKD 55.526015
MMK 3247.960992
MNT 3397.999955
MOP 8.00018
MRU 39.530985
MUR 46.020156
MVR 15.349997
MWK 1732.348038
MXN 19.705303
MYR 4.164505
MZN 63.874975
NAD 17.291334
NGN 1668.329757
NIO 36.771333
NOK 10.58101
NPR 133.99845
NZD 1.582917
OMR 0.385015
PAB 0.999144
PEN 3.703901
PGK 3.91867
PHP 56.146041
PKR 277.407284
PLN 3.86635
PYG 7786.940652
QAR 3.642132
RON 4.488803
RSD 105.599007
RUB 93.60088
RWF 1363.853467
SAR 3.751709
SBD 8.285573
SCR 13.620211
SDG 601.499323
SEK 10.20524
SGD 1.287005
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.993426
SRD 30.700503
STD 20697.981008
SVC 8.743105
SYP 2512.529936
SZL 17.2953
THB 32.595499
TJS 10.640923
TMT 3.51
TND 3.040187
TOP 2.342101
TRY 34.20313
TTD 6.77824
TWD 31.838501
TZS 2725.000164
UAH 41.283031
UGX 3665.383887
UYU 41.538988
UZS 12730.271459
VEF 3622552.534434
VES 36.882605
VND 24610
VUV 118.722009
WST 2.797463
XAF 591.138647
XAG 0.031847
XAU 0.000377
XCD 2.70255
XDR 0.737389
XOF 591.181268
XPF 107.484048
YER 250.302382
ZAR 17.28215
ZMK 9001.195312
ZMW 26.202857
ZWL 321.999592
  • RBGPF

    3.0600

    63.86

    +4.79%

  • NGG

    0.6400

    70.31

    +0.91%

  • CMSC

    0.0500

    24.77

    +0.2%

  • RYCEF

    -0.0100

    7.04

    -0.14%

  • RELX

    -0.3250

    47.135

    -0.69%

  • RIO

    -0.7050

    70.465

    -1%

  • SCS

    -0.3350

    13.155

    -2.55%

  • GSK

    -0.3890

    40.491

    -0.96%

  • BTI

    0.0900

    36.67

    +0.25%

  • CMSD

    0.0900

    24.87

    +0.36%

  • AZN

    0.2100

    78.12

    +0.27%

  • VOD

    -0.0750

    9.945

    -0.75%

  • JRI

    -0.0500

    13.62

    -0.37%

  • BP

    0.5800

    31.97

    +1.81%

  • BCC

    -1.8400

    139.14

    -1.32%

  • BCE

    0.1200

    34.92

    +0.34%

US dockworkers launch mass strike month before election
US dockworkers launch mass strike month before election / Photo: © GETTY IMAGES NORTH AMERICA/AFP

US dockworkers launch mass strike month before election

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in action that could drag on the world's largest economy just ahead of the November presidential election.

Text size:

The International Longshoremen's Association (ILA) said the walkout was the first "coast wide strike in almost 50 years."

The shutdown would halt shipments at 36 ports, impacting an array of goods from food to electronics and potentially costing the US economy billions of dollars a week.

"We are prepared to fight as long as necessary, to stay out on strike for whatever period of time it takes, to get the wages and protections against automation our ILA members deserve," Harold Daggett, who heads the 85,000-member union, said in a statement.

The strike presents a thorny challenge to the White House and Vice President Kamala Harris's campaign, as both seek to bolster a pro-union image while preventing any economic fallout so close to the election.

President Joe Biden has ruled out federal intervention, but business lobbies are sure to amplify calls for action if the strike drags out.

Biden and Harris are "closely monitoring" the strike, the White House said, with both briefed on government assessments that "impacts on consumers are expected to be limited at this time."

"The president has directed his team to convey his message directly to both sides that they need to be at the table and negotiating in good faith—fairly and quickly," it added.

The ILA said it had "shut down all ports from Maine to Texas at 12:01 am on Tuesday" after it rejected a final proposal from the United States Maritime Alliance (USMX) shipping group.

USMX did not respond to a request for comment.

ILA members began picketing at 14 major ports on the East and Gulf coasts soon after the announcement.

In Boston, dockworkers marched to the port carrying signs that read "no work without a fair contract," videos shared on social media showed.

A possible stoppage had been telegraphed for months, with the odds rising in recent weeks as the two sides described themselves as far apart.

USMX said on Monday it was "hopeful" after the two sides exchanged counter-offers.

However, there was still no deal when the six-year contract expired at midnight.

Oxford Economics estimated that the strike would dent US gross domestic product by $4.5 billion to $7.5 billion per week. The overall economic hit depends on the length of the strike, analysts say.

- Fighting automation -

The first ILA walkout since 1977 follows high-profile strikes at US automakers, Boeing and other employers.

The contract directly affects about 25,000 ILA members at 14 large US ports, including New York/New Jersey, Boston, Philadelphia, Savannah, New Orleans and Houston.

New York Governor Kathy Hochul said on Monday port officials were scrambling to clear out as many items as possible before the impending stoppage.

Other ports, such as New Orleans, Louisiana, and Savannah, Georgia, had offered extended hours in recent days ahead of the deadline.

The union is pressing for protections against automation-related job loss and for hefty wage hikes after dockworkers kept providing essential services throughout the Covid-19 pandemic.

USMX said Monday its latest offer would "increase wages by nearly 50 percent, triple employer contributions to employee retirement plans, strengthen our health care options, and retain the current language around automation and semi-automation."

Media reports say the ILA is asking for a 77 percent wage increase over six years.

"A port strike would paralyze US trade and raise prices at a time when consumers and businesses are starting to feel relief from inflation," said Erin McLaughlin, senior economist at the Conference Board, a business research non-profit.

"There's no easy Plan B. While shippers have already begun diverting some cargo to the West Coast, capacity for such alternative options are limited."

W.Lane--TFWP