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Negotiations between the ILA and the United States Maritime Alliance began breaking down in June 2024. [6] One major sticking point was wages. The ILA wanted members to receive a $5/hour raise each year of the next six-year contract, whereas the Maritime Alliance proposed a $2.50/hour raise each year. [6]
The International Longshoremen's Association (ILA) is demanding sizable wage hikes and a complete ban on the use of automated cranes, gates and container-moving trucks in unloading or loading freight.
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.
The unemployment rate has also crept up to 4. ... Trump accused Powell of being “political” and suggested he would cut rates to help Democrats during the 2024 election. “I think he’s going ...
Presidential elections were held in the United States on November 5, 2024. [a] The Republican Party's ticket—Donald Trump, who was the 45th president of the United States from 2017 to 2021, and JD Vance, the junior U.S. senator from Ohio—defeated the Democratic Party's ticket—Kamala Harris, the incumbent vice president, and Tim Walz, the 41st governor of Minnesota.
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
Rose said: "The market is now pricing in more than two 25-basis-point rate cuts by year-end, including a near-100% chance of a September cut. "Our view remains that the Fed will cut only once per ...
November 2024 Moscow drone attack. One person is injured and at least 36 flights are diverted when 34 Ukrainian drones strike Moscow, Russia. Gaza war. Israeli invasion of the Gaza Strip. At least 40 people are killed in Israeli airstrikes across the Gaza Strip, including at least 24 in the Jabalia refugee camp in North Gaza Governorate.