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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.
"A port strike could cost the U.S. economy billions of dollars a day, hurting American businesses, workers and consumers across the country," Business Roundtable CEO Joshua Bolten said in a ...
Roughly 25,000 dockworkers went on strike this week at ports along the East and Gulf Coasts of the U.S. to rally for higher pay and stronger guardrails around their jobs being automated out of ...
Talks between the ILA, which represents more than 45,000 dockworkers across the U.S. East and Gulf coast ports, and the employer group are at an impasse over issues related to automation at port ...
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 ...
A massive port strike along the East and Gulf Coasts that kicked off on Tuesday has the potential to become one of America’s most disruptive work stoppages in recent times.. The demands of the ...
With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract.
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on ...