NewsBernstein: ‘Strike averted, removing important source of upside for freight rates’

January 9, 2025by 0

Here’s a ‘quick take’ from Bernstein out today to equity investors following the latest news on ILA-USMX negotiations:
“A potential strike at ports on the US East and Gulf coasts has been averted. The International Longshoremen’s Association (ILA) and US Maritime Alliance (USMX) reached agreement overnight, preventing a work stoppage that would have been due on January 15.
“In a statement, the ILA commented ‘This agreement protects current ILA jobs and establishes …

The post Bernstein: ‘Strike averted, removing important source of upside for freight rates’ appeared first on The Loadstar.

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