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A strike, on the other hand, could cement recent surges of cargo volume to the West Coast, producing some benefit to jobs at the ports in San Pedro and parts of the vast logistics industry in the ...
After the onset of COVID-19, in 2020, the industry began to flourish, pocketing $16 billion in profits that year. In 2021, profits soared to nearly $150 billion, and the following year climbed ...
A dockworkers strike at ports across the country could pose delays to the U.S. supply chain, experts say. The strike — which has shut down 14 ports along the East and Gulf coasts on Tuesday, Oct ...
The United States Chamber of Commerce insisted that Biden take action to stop the strike, recalling the negative impact supply chain delays and shortages caused to the economy during the COVID-19 pandemic early in Biden's presidency. [8] Republican lawmakers and business groups urged Biden to apply the 1947 Taft-Hartley Act to end the strike.
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 ...
"The U.S. port strike has ended, ... may have learned their lesson from the prolonged backups in the aftermath of the COVID-19 pandemic. ... of Los Angeles and Long Beach, California, experienced ...
Overall, the affected ports handle $3 trillion in international trade per year, according to CNBC. Walmart, Ikea, and Samsung are the companies hit hardest across all affected ports, per ...
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.