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East and Gulf coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade (www.cnbc.com)

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In a statement on Tuesday, ILA President Harold Daggett said the union is “now demanding $5 an hour increase in wages for each of the six years of a new ILA-USMX Master Contract. Plus, we want absolute airtight language that there will be no automation or semi-automation, and we are demanding all Container Royalty monies go to the ILA.”