A new six-year labor contract between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) has been reached. The deal, announced on June 14, 2023, is a positive development for the West Coast ports and the rest of the ocean freight supply chain.
The new contract includes several important provisions, including:
- A wage increase of 5% per year for the six-year term.
- Increased health benefits for employees.
- Improved safety measures for workers.
- A commitment to hiring and promoting more women and minorities.
The contract also includes provisions that will help to improve efficiency at the ports, such as:
- A commitment to reducing congestion and delays.
- A commitment to investing in new technology and equipment.
- A commitment to working together to resolve disputes.
The new labor contract will help to improve efficiency, reduce costs, and create a more sustainable future for the industry. But what does this mean for you?
As a leading logistics provider and supply chain problem-solver, we have a long history of working with our customers to help them move their goods efficiently and cost-effectively, and the contract is a positive development for our customers. It will help reduce congestion and delays at the ports, making it easier and more affordable for our customers to ship their goods.
We are confident that the new labor contract will help us provide our customers with the best possible service.
If you have any questions about the new labor contract or its impact on the West Coast ports, please do not hesitate to contact us. We would be happy to answer any of your questions.