The “greatest contract”, a “gold standard” – true or false?

PS Stock Rescaled 27

The International Longshoremen’s Association (ILA) secured a significant contract, ensuring a 62% wage increase, accelerated raises for new members, and benefits like health care. Worth around US$35 billion, the deal also includes protections against automation, a major negotiation point. While ILA initially rejected automation, they’ve agreed to it where jobs are unaffected. However, this positions U.S. ports behind global counterparts like China, which is aggressively automating its facilities, potentially outpacing the U.S. in efficiency and labor cost in the coming years.

Continue reading this article… 

V2-PS

Register for a FREE one-month trial to continue this article

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the ports and terminals sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the ports and terminals industry
  • Our extensive archive of data, research and intelligence

Already subscribed? SIGN IN now

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!