Port Strike Updates

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative agreement to extend the Master Contract until January 15, 2025.

While there are no formal negotiations set, the parties have been informally discussing technology and automation issues.

ILA Executive Vice President Dennis Daggett posted an update on the ILA’s Facebook page yesterday.

Last week the ILA issued a press release in support of President-elect Trump’s nomination of Representative Lori Chavez-DeRemer (R-OR) for U.S. Secretary of Labor.

Joint Coalition Letter to President Biden

Today, a letter was sent to President Biden, signed by the American Cotton Shippers Association and more than 270 other local, state, and federal trade associations. The letter urged President Biden and his administration to use all of its authorities to end the port strike, get the ports open, and get the parties back to the negotiating table.

Letter here.

Letter on Shipping Disruptions

The American Cotton Shippers Association and almost 200 other organizations sent a letter to President Biden today, urging the Administration to “urgently pursue all avenues to mitigate the supply chain challenges facing U.S. agriculture.” With a significant portion of the U.S. cotton crop being exported out of the East Coast and Gulf Coast, a port strike would be detrimental to our ability to get U.S. cotton to our international customers.

Letter here.

ACSA President and Chairman Participate in CFTC Meeting

On December 7, 2022, Commodity Futures Trading Commission (“CFTC”) held an Agricultural Advisory Committee (“AAC”) meeting to discuss topics related to the agricultural economy and recent developments in the agricultural derivatives markets. ACSA President/CEO Buddy Allen and Chairman Tommy Hayden of Louis Dreyfus Company both serve on the committee.

Summary here.

Senate Ag Committee Leadership Introduce Digital Asset Bill

On August 3rd, Chairwoman of the Senate Agriculture Committee Debbie Stabenow (D-MI) and Ranking Member John Boozman (R-AR) along with Senators Cory Booker (D-NJ) and John Thune (R-SD) introduced the Digital Commodities Consumer Protection Act of 2022 to give the Commodity Futures Trading Commission new tools and authorities to regulate digital commodities. 

Summary here.