Odd Lots Lots More on Potentially Massive East Coast Port Strikes
6 snips
Sep 27, 2024 
Craig Fuller, the Founder and CEO of FreightWaves, discusses the looming threat of strikes at East Coast ports. He sheds light on the negotiations between dockworkers and employers, emphasizing the stakes involved, including wage demands and technological impacts. Fuller also covers potential government interventions and how strikes could disrupt not just supply chains but the entire economy ahead of the presidential election. With growing trade tensions and looming holiday distributions, the conversation highlights the fragility of current logistics.
AI Snips
Chapters
Transcript
Episode notes
Potential East Coast Port Disruptions
- The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) are struggling to reach a deal.
- This could cause disruptions at East Coast ports, similar to the issues experienced in 2020.
Key Disagreements in Port Negotiations
- Disagreements on wages, benefits, and port automation are causing tension between the ILA and USMX.
- The ILA's leverage stems from a labor-friendly administration and worker shortages.
Government Intervention Options
- The government can use the Taft-Hartley Act to enforce an 80-day cooling-off period in labor disputes.
- However, this cannot compel workers to work effectively if recalled.