Container Royalties News Today

United states where ports all across the East And Gulf coasts including here in baltimore have virtually ground to a halt. It means goods ranging from cars to machinery and fresh fruit and vegtables are going to find a lot tougher to get into or out of the worlds biggest economy. An estimated 16,000 workers have stopped working over demands for more pay and less automation. The stoppages could cost the us economy as much as 5bn a day according to the Investment Bankjp Morgan but other experts sa...

Association and the shipping companies over what are called, container royalties of the those are salary supplements based on how much each container weighs. the heavier the container, the more the longshoreman gets paid. the owners wanted those capped. the workers did not. this from a federal mediator in d.c. quote, the container royalty payment issue has been agreed upon in principle by the party subject to achieving overall bargaining agreement. the parties have agreed to additional extension...

The thumb and gun of big labor threats. the l.a. and long beach strike that lasted a little over a week around thanksgiving was estimated by some estimates to have cost a billion dollar a day. this would have been far worse. i dont think its over. were not out of woods. we dont know the details. and the sticking point has been these container royalties, an issue ive covered more than a year. what people need to know is its a an archaic holdover from the 60s and 70s, essentially every longshorema...

Did in fact budge, whether it was the longshoremen or the shipping company owners or it could have been both sides coming together and reaching a negotiated deal. hard to imagine with what we see in washington, d.c. but neither side is talking. the key points had been over container royalties. you see the heavier each container is, the more money each long shore had man gets paid to take it off and put it on the truck. the owners of the companies wanted to cap the fees, the royalties, at last ye...

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