East Coast port strike called off…for now

News thatthe International Longshoremen’s AssociationandUnited States Maritime Alliancehave agreed to extend their contract negotiations for an additional 30 days was welcomed by theNational Retail Federationtoday.

“We welcome today’s news that a contract extension has been reached. However, we continue to urge both parties to remain at the negotiating table until a long-term contract agreement is finalized, saidNRF president and CEO Matthew Shay.

“While a contract extension does not provide the level of certainty that retailers and other industries were looking for, it is a much better result than an East and Gulf Coast port strike that would have shut down 14 container ports from Maine to Texas,” he said.

Along with other prominent shippers, Shay noted that a coast-wide port shutdown “is not an option.” It would have severe economic ramifications for the local, national and even global economies and wreak havoc on the supply chain.

“Throughout the process, NRF has stressed the vital economic importance of keeping the ports open to international trade and commerce,” he said. “Our ports and the cargo and containers that flow through them are truly our economic lifelines to the world.”

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“Following the devastation of Hurricane Sandy and the recent eight-day port strike in Los Angeles and Long Beach, this extension is a welcomed sign to the entire supply chain community – from manufacturers to retailers – that the two sides understand the risks of a shutdown and are listening to the concerns of the shipping community.”

And while the NRF recognized the work of theFederal Mediation and Conciliation Servicefor working tirelessly – even through the holiday week – to orchestrate this contract extension, the shipper are encouraging them to continue their work with both parties to help them arrive at a final master contract.

“直到我们最后的合同将零售商s and others have the certainty they need,” he said.