The tentative agreement to suspend the International Longshoremen’s Association strike offers relief for consumers and businesses, but logistics experts caution that significant challenges remain. ILA President Harold Daggett has emphasized the need to tighten language on automation, labeling it a “cancer” threatening job security. The ILA previously negotiated restrictions on automation, and any further discussions are expected to be contentious. In an interview with CNBC, acting Labor Secretary Julie Su echoed ILA President Harold Daggett's sentiments about U.S. port efficiency, emphasizing that machines don't have families.
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00:00It's Benzinga, and here's what's on the block.
00:02The tentative agreement to suspend the International Longshoremen's Association strike offers relief
00:07for consumers and businesses, but logistics experts caution that significant challenges
00:12remain.
00:13ILA President Harold Daggett has emphasized the need to tighten language on automation,
00:18labeling it a cancer threatening job security.
00:20The ILA previously negotiated restrictions on automation, and any further discussions
00:25are expected to be contentious.
00:27In an interview with CNBC, Acting Labor Secretary Julie Hsu echoed ILA President Harold Daggett's
00:33sentiments about U.S. port efficiency, emphasizing that machines don't have families.
00:37For all things money, visit Benzinga.com.