The USMX can easily afford what the ILA won in the recent East and Gulf Coast port strike

Diving into the numbers...

We have an article up in Jacobin today about the recent port strike on the East and Gulf Coasts. There was a lot of hemming and hawing before and during the strike about what the employers’ association, the United States Maritime Alliance (USMX), claimed were the International Longshoremen’s Association’s (ILA) excessive wage demands.

In the article, we dive into the profits and revenues posted for some of the USMX’s largest carrier members and find that the carriers can very easily afford what the ILA won in the strike. We found that “a single carrier member of USMX, Maersk, could have fronted the ILA [the labor cost increase for the carriers] out of its 2022 profits alone — and still have posted a record profit.”

Read the full article here.