• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Maersk asks customers to remove cargo before potential strike at US ports

by December 31, 2024
written by December 31, 2024

(Reuters) – Shipping giant AP Moller-Maersk has urged customers to pick up their laden containers and return the empty ones at the U.S. East and Gulf Coast ports before Jan. 15 to mitigate potential disruptions at the terminals on account of a strike.

“The conditional agreement on wages is set to expire on Jan. 15. If no agreement is reached by that date, a coast-wide strike on Jan. 16 is possible,” according to an advisory on Maersk’s website.

“The negotiations have had no new developments since our last communication,” it said.

A strike would halt billions in trade and raise inflationary pressures while threatening the existing supply chains.

The International Longshoremen’s Association (ILA), a union with more than 45,000 members, and the United States Maritime Alliance (USMX) in October had agreed to a wage deal of a 62% hike over six years, ending a three-day strike.

But a threat of another strike looms large if the parties fail to reach a consensus over the unresolved decisions related to automation and its future at U.S. ports.

According to a Bloomberg News report, talks over the issue of automation have not appeared to be advancing, and neither the ILA nor USMX have indicated plans to return to the negotiating table before mid-January.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Amazon faces class action over misuse of $350M in 401(k) funds
next post
US LNG gas demand hits record high on last day of the year

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025
    • Video game maker Electronic Arts to be acquired for $52.5 billion

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (650)
    • Stock (6,426)

    Latest News

    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News
    • YouTube to pay $24 million to settle Trump lawsuit

    Popular News

    • US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
    • Argentina’s economy sees slight growth, surpassing market expectations

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy