The Latest Breaking News from USMX

ILA and USMX negotiations for wage increase with Biden administration proposing per hour raise annually.

ILA strike at US ports driven by job loss fears from automation. Union resists automation trend in maritime industry.

USMX and ILA negotiate pay raises amidst industry profits. ILA accuses companies of prioritizing profits over fair compensation. Biden administration inter...

ILA strike at East and Gulf Coast ports disrupts goods movement, potentially leading to shortages and price hikes.

Tens of thousands of workers at major ports on the US East and Gulf Coasts went on strike Tuesday in action that could drag on the world's largest economy just ahead of the November presidential election.

A strike at the Port of Virginia "began at 12:01 am," the port said on its website, adding that talks between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) shipping group "have reached an impasse."

Strike – the first by port workers on US east coast since 1977 – threatens to shut down ports from Maine to Texas

Business group United States Maritime Alliance (USMX) announced late in the day that counter-offers had been exchanged with the International Longshoremen's Association (ILA), but tens of thousands of dockworkers could still walk off the job after midnight at the expiration of their six-year contract unless more concrete progress was made.

Officials at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead of a presidential election.

Consumers are stocking up on essentials as dockworkers' labor dispute threatens to disrupt supply chains and raise prices nationwide.

An East Coast port strike began Tuesday, racking up estimated economic costs of $5 billion per day. Here are the stocks analysts are watching.