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The strike — which has shut down 14 ports along the East and Gulf coasts on Tuesday, Oct. 1 — comes after labor talks between the International Longshoremen’s Association (ILA) and the ...
The good news is that many of Costco's imports that might be affected by the strike are non-food items, which gives the retailer more flexibility in how it manages these disruptions. Christmas ...
A port strike by longshoreman workers along the East and Gulf coasts would create economic chaos with far reaching impacts to businesses, consumers and even your kitchen table.
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.
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 ...
After a three-day strike in October, workers returned to their jobs on October 4. Wage issues were settled but negotiations about outstanding matters will continue while the Master Contract was extended to January 15, 2025. [3] A major unsettled problem is the use of automation in the industry. [4]
The ports affected by the strike handle 3.8 million metric tons of bananas each year, or 75% of the nation’s supply, according to the American Farm Bureau Federation.
Longshoremen are on strike, shutting down East, Gulf ports. Economic losses of $5 billion per day can mean shortages, inflation and layoffs.