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Global Commodity Intelligence
Q2 2025 | APRIL - JUNE
Global Commodity Intelligence
Q2 2025 | APRIL - JUNE
Alert: Major Strike from the Dockworkers in the US Expected to End with the Key Parties Reaching to a Tentative Agreement
Cargo operations at East and Gulf Coast ports are set to resume following the resolution of a three-day strike. Parties reached a tentative agreement yesterday (Oct 3rd), addressing wage concerns and extending the master contract through January 15, 2025. The agreement was secured after negotiations had stalled, leading to a temporary shutdown of several ports.
Key reopening updates include:
- Port Houston: Reopens Friday, October 4th, at 1 p.m. CT with extended gate hours on Saturday.
- Georgia Ports Authority: Truck gates reopen on Friday, October 4th, at 6 a.m. ET at Garden City Terminal and 8 a.m. ET at Ocean Terminal.
- North Carolina Ports: Normal operations on Friday, October 4th, to resume at 8 a.m. ET.
This tentative deal signals a positive step forward in stabilizing operations, with further negotiations ahead to finalize a comprehensive contract. In such a scenario, the likely next steps to be taken by the parties involved would be:
- Resumption of Operations: Ports will be working to clear backlogs and resume normal cargo operations as early as possible.
- Return to Negotiations: Both sides will return to the bargaining table to address the remaining sticking points, particularly the crucial issue of automation and its impact on jobs.
- Potential for Further Disruption: The parties should conclude the negotiations before the January 15th deadline. Otherwise, there’ll be a risk of further strikes and supply chain disruptions.
Although the tentative agreement between the two parties ends the three-day strike, operations have yet to be normalized entirely, and port backlogs will continue. As both sides navigate the complexities of automation and wages in the coming months, we'll closely monitor the situation and provide updates on any developments that could impact our partnership network.
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