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The Anderson Economic Group estimated that the U.S. economy would lose $2.1 billion from a one-week strike, $1.5 billion due to the loss in value or degradation of items such as perishable goods, $400 million for transportation company losses, and $200 million in lost wages for the striking port workers.
"A port strike could cost the U.S. economy billions of dollars a day, hurting American businesses, workers and consumers across the country," Business Roundtable CEO Joshua Bolten said in a ...
Here’s the latest information you need to know about the port strike. What are the workers going on strike over? You can sum up the strike issues in two words : Automation and wages.
There are an additional 35,000 containers on inbound ships to the port. The port on average receives 400,000 containers a month. It is not unusual for a port to be closed for 2-3 days because of ...
Roughly 25,000 dockworkers went on strike this week at ports along the East and Gulf Coasts of the U.S. to rally for higher pay and stronger guardrails around their jobs being automated out of ...
(Reuters) -The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting ...
The 50,000 members of the International Longshoremen’s Association (ILA) went on strike Tuesday for the first time in nearly 50 years after not being able to come to an agreement with the United ...
The ILA members' strike, which consisted of over 47,000 port workers across the Atlantic and Gulf coasts, including 4,500 from New York and New Jersey, began on Tuesday, Oct. 1, as the union ...