Port Workers Strike Could Cost Economy $540 Million Per Day
A port strike could cost the economy $5 billion per day, here's what it could mean for you
Longshoremen going on strike at East Coast ports in the US could cost the US economy $5 billion a day and cause holiday shipping delays, experts say.
Costco prepares for possible looming port strike
Costco addressed the possibility of a longshoreman strike during its earnings call on September 26, with CEO Ron Vachris saying they’re pre-shipping holiday products to get them early — and preparing to use different ports.
What to expect if port workers strike, and how it may affect the economy
Negotiations between longshoremen and port operators broke down in June and the two sides have barely been speaking. The current contract expires at midnight Monday.
Report: Port Workers Strike Could Cost Economy $540 Million Per Day
East Coast and Gulf Coast port workers are on the cusp of striking--a move that could cause serious economic fallout. Just a one-week strike could cost the US economy $3.78 billion (i.e., $540 million per day).
Port strike in Boston would have "moderate" impact in Massachusetts, economist says
BOSTON - At least 25,000 dock workers at 14 ports from Massachusetts to Texas appear ready to go on strike this week. The dockworkers' union could walk off the job at 12:01 a.m. Tuesday when their contract expires and it would be a major disruption to the economy.
Port Workers’ Expected Strike Could Cost Billions—Here’s What To Know
The strike would be the first along ports on the East Coast in nearly 50 years, potentially crippling several industries.
Port strike threat looms, U.S. ports may shut down
U.S. Ports from Maine to Texas could shut down Tuesday if a union representing about 45,000 dockworkers carries through with ...
A Port Strike Is Looming. Which Stocks Win and Which Lose.
A port strike seems to be on the horizon, and Wall Street is quickly calculating possible winners and losers. Bargaining for ...
How a looming port workers strike may throw small businesses for a loop
Still recovering from two years of elevated inflation and COVID-19's broken supply chain, small businesses may soon face ...
US port strike by 45,000 dockworkers is all but certain to begin at midnight
The union representing U.S. dockworkers has signaled that 45,000 members will walk off the job at midnight, kicking off a ...
Port strike: Can West Coast ports absorb East and Gulf Coast import volumes?
Dockworkers at East and Gulf Coast ports are on the verge of a strike that could begin Tuesday, raising questions about ...
Port workers at East and Gulf Coast terminals steam toward a strike for the first time since 1977
Thousands of dockworkers at more than a dozen ports along the East Coast and Gulf Coasts are poised to walk off the job on ...
Port Strike Deadline Nears, With Signs of Movement in Talks
Members of the International Longshoremen’s Association could walk off the job, halting most shipments at East and Gulf Coast ...
US Port Officials Gird For Strike As Labor Talks Stay Stuck
Officials at 14  ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor ...
Possible port strike in Philadelphia and across United States looms ahead
The union representing 45,000 dockworkers from Texas to Maine could go on strike on Tuesday, which could cease operations at ...
As potential port strike looms, economist, Kansas City-area business owners weigh in on impact
As a potential port strike looms, an economist and Kansas City-area business owners weighed in on the impact Pete Rose ended ...
Biden-Harris commerce secretary says she is staying out of potential port worker strike
The secretary of commerce, Gina M. Raimondo, said she is not very focused on the potential for looming strikes despite the ...