The ports strike is over!!! Or is it??? #news #strike #ports #docks #money #raises #union

The port strike is over. Here’s what happens next
By Chris Isidore and Vanessa Yurkevich, CNN
Updated 12:11 PM EDT, Fri October 4, 2024

What’s in the deal
The maritime alliance, which operates under the acronym USMX, agreed to raises of $4 an hour for the union members on top of the current base pay of $39 an hour, an immediate raise of just more than 10%, according to a person familiar with the deal. Then union members will get additional $4-per-hour raises every year during the life of the six-year tentative deal. That will raise pay by a total of $24 an hour during the life of the contract, or by 62% in total.

The union had been willing to consider the $4-an-hour deal before the strike, union boss Harold Daggett said on the picket line outside the Port of New York and New Jersey early Tuesday, soon after the start of the strike. But when the company countered with a $3-an-hour offer, he rejected it with colorful language and took his members out on their first strike since 1977.

But Thursday the USMX agreed to up its offer, and the strike came to a quick conclusion.

Once there was an agreement on wages, both sides were eager to get workers back on the job as soon as possible, even if there is still more to be done on the rest of the contract.

There were ships anchored offshore waiting to come into ports from Maine to Texas, in order to load and unload goods. The workers, who were not getting paid and did not have any strike benefits available to them from the union during the strike, were eager to limit their loss of income. So it only made sense for both sides to have the strike suspended and the previous contract extended to January 15 as the sides negotiated the remaining details.

A return to normal will take days
But it will still take a while for the flow of goods to return to normal. Ahead of the strike various logistics experts had said it would take three to five days to recover from any one day the ports were shut.

For example, the Port of New York and New Jersey, the largest port that was affected and the nation’s third-largest port by cargo volume, as well as the Port of Virginia both announced to shippers that their gates would remain closed to trucks Friday as the two ports work to get containers positioned to move around their grounds as soon as possible.

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