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A port workers' strike threatens the US economy with shortages and higher prices. ... He said that while some things could be rerouted to West Coast ports, that's expensive and time-consuming ...
J.P. Morgan estimated that a strike that shuts down East and Gulf coast ports could cost the economy $3.8 billion to $4.5 billion per day, with some of that recovered over time after normal ...
President George W. Bush applied the act in 2002 to halt an 11-day lockout ofS union members at West Coast ports. ... For more CNN news and newsletters create an account at CNN.com. Show comments.
President George W. Bush used that authority in 2002 to halt an 11-day lockout of union members at West Coast ports. [18] On 1 October, Biden said that he urged the ILA to settle with a $4 an hour salary increase prior to the strike, and insisted that the USMX return to negotiations with a fair contract. [13]
He said the last major port labor dispute, an 11-day lockout of the union workers at West Coast ports in 2002, meant that it took six months before things were back to normal. Yes, we have no bananas
North American container ports. This is a list of ports of the United States, ranked by tonnage. [1] Ports in the United States handle a wide variety of goods that are critical to the global economy, including petroleum, grain, steel, automobiles, and containerized goods.
Beverages are also at risk of being in short supply or subject to price increases, with 80% of imported beer, wine, whiskey and scotch, as well as 60% of rum, arriving at East and Gulf coast ports ...
One alternative would be to sail to West Coast ports on the other side of the country, likely using the Panama Canal, a journey of thousands of miles that would hike costs and add weeks to ...