October 4, 2024

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Port strike ends as workers agree to deal on wages and contract extension

A major union for U.S. dockworkers and the United States Maritime Alliance agreed on Thursday to a tentative deal on wages and have extended their existing contract through Jan. 15 to provide time to negotiate a new contract.

The move ends a strike that had snarled East Coast and Gulf Coast ports since the beginning of the week and threatened U.S. supply of fruits, automobiles and other goods.

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U.S. ports have cargo backlog after strike

U.S. East Coast and Gulf Coast ports were reopened on Friday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.

The strike ended sooner than investors had expected, weakening shipping stocks as freight rates were no longer expected to surge.

(Graphic courtesy of Everstream Analytics, Reuters)

Baxter provides updates on Hurricane Helene, North Cove shuttered site

Baxter’s North Cove manufacturing site was significantly impacted by the rain and storm surge from Hurricane Helene, which was unprecedented in Western North Carolina and resulted in water permeating the facility.

Site Status: We are encouraged by the progress made since the storm and humbled by the work of the dedicated team on the ground. We know that many are eager for a specific date for when North Cove operations will resume. While we look forward to returning to full operations in the future, there are many components to the recovery process given the nature of sterile drug manufacturing. We are working with the greatest urgency, but we do not yet have a timeline for when operations will be back up and running. As our CEO, Joe Almeida, indicated in our press release, we will spare no resource — human or financial — to restart operations and help ensure patients and providers have the products they need. We are committed to North Cove and thank our employees, customers, suppliers and other partners for their patience and support during this incredibly difficult situation. We are also grateful for the ongoing help and collaboration of local, state and federal officials in our recovery efforts.

(Photo by Aerial Lens)

Hospitals take steps to conserve IV fluid supply

Hospitals across the U.S. are taking steps to conserve their supplies of IV fluids after Hurricane Helene struck a critical manufacturing plant belonging to the country’s biggest supplier.

Baxter International, a medical technology company responsible for making IV fluids for most U.S. hospitals, said Sunday that it would temporarily close production at its North Cove, North Carolina-based facility because of flooding from Helene, raising concerns about a potential nationwide shortage.

Tenet completes sale of five hospitals in Birmingham

Tenet Healthcare announced that it has completed the sale of its 70% majority ownership interest in Brookwood Baptist Health in Birmingham to Orlando Health consistent with previously disclosed terms.

The completed transaction includes five hospitals – Brookwood Baptist Medical Center, Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center, Walker Baptist Medical Center – and other related operations.

Facing healthcare challenges headfirst

By Pete Mercer

The challenges the healthcare industry faces daily are nothing new – anyone who works in healthcare can tell you it comes with the territory. No challenge is insurmountable though – it’s all about finding creative ways to face those challenges headfirst.

At the Association of National Account Executives Annual Conference, Brent Petty moderated a conversation between Dameka Miller, VP, Strategic Sourcing for Trinity Health, and John Dockins, Executive Director, Strategic Sourcing for Cleveland Clinic, discussing the major challenges and issues facing the various stakeholders in today’s healthcare market.