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US: Portworkers Poised To Go On Strike At Midnight

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The International Longshoremen’s Association union said Sunday that a port strike on the US East Coast and Gulf of Mexico will go ahead, starting 00:01 ET on Tuesday. CNN reports: "There are few signs that a deal could be reached by the deadline set by the ILA and the United States Maritime Alliance, which uses the acronym USMX."

  • Reuters reports: “If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977, affecting ports that handle about half the nation's ocean shipping.”
  • Reuters adds: “A source said no negotiations were taking place Sunday and none are currently planned before the midnight Monday deadline.”
  • President Biden reiterated to reporters on Sunday that he doesn’t intend to invoke the Taft-Hartley Act to force ports to stay open, as former President George W. Bush did in 2002: "It's collective bargaining. I don't believe in Taft-Hartley."
  • Wells Fargo wrote in a note: “While we suspect the worst-case scenario of massive supply chain disruption are overstated, a prolonged strike eventually could cause us to become more circumspect about the outlook... In the meantime, we suspect some of the hand wringing over imminent supply chain disruption is overstated.”
  • Politico reports that a strike will be “a serious test of how well the Biden administration has shored up the supply chain against disruptions,” following an overhaul of supply chain oversight after the COVID-19 pandemic.
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The International Longshoremen’s Association union said Sunday that a port strike on the US East Coast and Gulf of Mexico will go ahead, starting 00:01 ET on Tuesday. CNN reports: "There are few signs that a deal could be reached by the deadline set by the ILA and the United States Maritime Alliance, which uses the acronym USMX."

  • Reuters reports: “If union members walk off the job at ports stretching from Maine to Texas, it would be the first coast-wide ILA strike since 1977, affecting ports that handle about half the nation's ocean shipping.”
  • Reuters adds: “A source said no negotiations were taking place Sunday and none are currently planned before the midnight Monday deadline.”
  • President Biden reiterated to reporters on Sunday that he doesn’t intend to invoke the Taft-Hartley Act to force ports to stay open, as former President George W. Bush did in 2002: "It's collective bargaining. I don't believe in Taft-Hartley."
  • Wells Fargo wrote in a note: “While we suspect the worst-case scenario of massive supply chain disruption are overstated, a prolonged strike eventually could cause us to become more circumspect about the outlook... In the meantime, we suspect some of the hand wringing over imminent supply chain disruption is overstated.”
  • Politico reports that a strike will be “a serious test of how well the Biden administration has shored up the supply chain against disruptions,” following an overhaul of supply chain oversight after the COVID-19 pandemic.