A dock strike has been averted at major ports

A strike at some of the nation’s busiest ports will likely be avoided. Dock workers and the U.S. Maritime Alliance say they have reached a deal with the help of the incoming Administration.

In a joint statement, the two parties said they have come to an agreement on all items in the new six-year contract, but they are not releasing any details. Automation was a major sticking point in negotiations, but leaders on both sides say the deal will protect jobs will advancing technology on docks. Union President Harold Dagget says talks took a turn after meeting with President-elect Trump, and says he gives Trump full credit for the agreement.

A strike was set to begin January 15th.

Related Stories
Freight volatility increasingly determines export margins, making logistics costs as important as price in marketing decisions.
China’s beef policy risk stems from domestic volatility, making export demand inherently unstable. Jake Charleston with Specialty Risk Insurance offers his perspective on cattle markets, risk management, and producer sentiment.
USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Strong pork demand and improving beef exports outside China support protein markets despite ongoing trade barriers.