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The strike is the first such work stoppage in 47 years, and is already causing congestion in maritime routes near Savannah, Ga., due to Hurricane Helene’s impact, CNBC reported.
The Port Authority of New York and New Jersey lost between $250-300 million dollars a day during the strike by members of the International Longshoremen’s Association, said Bethann Rooney, the ...
Port strike ends: Workers and operators reach deal Which ports in NY and NJ were affected during the strike? Six ports were closed in New York and New Jersey due to the ILA strike.
On the evening of September 30, the eve of the strike, the U.S. Maritime Alliance proposed a 50% pay raise and a commitment to limited incorporation of automation, but not a complete ban, as a means to resume negotiations. The alliance also claimed that they had tripled port employer contributions to worker healthcare and retirement benefits.
The port strike could primarily impact non-essential holiday items at Costco, especially those that are imported through the East and Gulf Coast ports now affected by the strike. Products like ...
The ports affected by the strike handle more than 68% of all containerized exports in the U.S. and roughly 56% of containerized imports, according to industry data.
With the strike now on day three, shipping companies like Maersk (MAERSK-B.CO) have implemented fees.Per a report from TD Cowen analyst Jason Seidl, Maersk's surcharge fees are up to $3,780 per 45 ...
What products will be affected by the port strike. More than 75% of U.S. bananas arrive at ports handled by the International Longshoremen's Association, or ILA, according to the farm bureau ...