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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 ...
"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 ...
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 ...
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 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.
While the U.S. toilet paper supply is mostly dominated by domestic factories, nationwide talk of the port strike may shore up bad memories of the COVID-19 pandemic, causing shoppers to ...
He should not invoke Taft-Hartley to end the port strike. Dock workers are striking against excessive corporate greed. The shipping industry has made $400 billion in profits since 2020.
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 ...