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A three-day ILA strike in October had triggered a surge in shipping prices and cargo backlogs at the 36 affected ports. Longshoremen returned to work after employers agreed to a 62% wage increase ...
Those three companies account for nearly 125,000 of the standard shipping containers that have come through affected ports in the past year. Port strike hits billions in trade for importers like ...
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 ...
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 ...
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.
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 Transportation Trades Department (TTD) of the AFL-CIO released a public statement prior to the strike in support of the organization and its aims, and accused the port employers of knowingly delaying contract negotiations to the last moment despite knowing the damage it would cause to American consumers and the U.S. economy, and using it to ...
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 ...