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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.
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 massive port workers' strike that has shut down all the major dockyards on the Eastern seaboard of the U.S. and the Gulf coast is highlighting a fear held by many workers: Eventually, we will ...
(Reuters) -The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting ...
Why are the port workers going on strike? Thousands of port workers went on strike after labor negotiations over higher pay and protections against automation reportedly stalled between the ...
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.
A range of products could be impacted, including produce, auto and machinery, clothing, pharmaceuticals, or seafood. A JPMorgan analysis projected the strike could cost the U.S. economy $5 billion ...