Shippers beware: a US east coast labour battle could be heating up
The National Retail Federation (NRF) is getting nervous about a strike hitting US east coast ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
Could there possibly a be a smooth contract negotiation at the west coast ports? Possibly, after the Pacific Maritime Association offered a three-year contract extension to the ILWU, which members will now vote on. The existing contract runs out in July 2019, and the two sides have been talking informally for about a year, according to the LA Times. The new proposal includes a 3.1% pay increase each year from 2019 to 2022 and more employer contributions to the pension plan.
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