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J.P. Morgan estimated a higher $3.8 billion to $4.5 billion loss per day for the economy for the length of the strike, with some losses recovered following the strike's end. [6] United States Analysts at Sea Intelligence estimated that $3.7 billion in un-handled freight would be lost per day by the strike in East Coast ports alone, based on ...
A potentially crippling strike up and down America’s East and Gulf Coasts has been avoided – at least for now – after longshoremen and the shipping and port companies reached a tentative ...
With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract.
"[A] failure to reach an agreement and an extended strike similar to the one seen in West Coast ports in 2002 would begin to have a material financial effect on East and Gulf Coast ports," David ...
A strike involving port workers from Maine to Texas could inflict major damage on the US economy. How high the economic wreckage piles up will depend on how long dockworkers are on the picket line ...
T he U.S. dockworkers’ strike impacting major ports from Maine to Texas began Tuesday, posing a major threat to the supply chain that could impact Americans’ ability to get products including ...
The strike could stop the flow of a wide variety of goods over the docks of almost all the cargo ports on the East Coast and Gulf Coast - everything from bananas to European wine and liquor, along ...
If port workers strike, Americans may see price increases soon, experts said. If port workers agree to a deal, “labor costs go up,” Tang said. “So down the road, consumers still pay a higher ...