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ILA and USMX Agreement Details on Automation Protections by Mar 31, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official release of the agreement details by ILA or USMX
Story
ILA and USMX Reach Tentative Six-Year Deal, Averting January 15 Port Strike
Jan 9, 2025, 12:43 AM
The International Longshoremen's Association (ILA) and the U.S. Maritime Alliance (USMX) have reached a tentative six-year contract agreement, averting a potential strike that was scheduled to begin on January 15 and would have shut down major East and Gulf Coast ports. The agreement, which includes protections against automation replacing jobs, still requires ratification. Both sides described the deal as a 'win-win agreement.' The union credited President Donald Trump for his role in facilitating the negotiations. Details of the agreement have not yet been disclosed, but it prevents a labor stoppage that could have significantly disrupted the U.S. economy by halting operations at vital shipping hubs.
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Similar markets
Yes • 50%
No • 50%
Moderate level of automation • 33%
Low level of automation • 34%
High level of automation • 33%
Yes • 50%
No • 50%
Safety improvements • 25%
Efficiency enhancements • 25%
Environmental initiatives • 25%
Technology integration • 25%
Significant Improvement • 25%
Decline • 25%
No Change • 25%
Moderate Improvement • 25%
Before June 30, 2025 • 33%
Between July 1 and December 31, 2025 • 33%
After December 31, 2025 • 34%
Rejected • 33%
Revised and approved • 34%
Approved • 33%