2024-10-01 23:55:09
Supply chain
Transportation
Business
East Coast Port Strike Disrupts U.S. Supply Chain
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New York Times - Economy
How the Dockworkers’ Strike Could Ripple Through the Economy
Economy
Politics
Dockworkers at East and Gulf Coast ports are striking, halting activity; union representing 45,000 longshoremen is negotiating higher wages with port operators; strike could cost $4.5-$7.5 billion per week, 0.1% hit to U.S. GDP; President Biden not invoking Taft-Hartley Act; 100,000 workers at businesses serving ports could face furloughs; it would take a month to clear the backlog for each week of the strike; truckers and other workers dependent on the ports will be affected.
New York Times - Economy
Port Workers Strike on East and Gulf Coasts
Economy
Longshoremen on the East and Gulf Coasts went on strike, led by the International Longshoremen's Association union. The strike could cut off trade through major U.S. ports, potentially causing economic impacts like shortages, higher prices, and layoffs if prolonged. The United States Maritime Alliance, which represents port employers, did not immediately respond. Union president Harold J. Daggett addressed picketers outside a port terminal in Elizabeth, N.J. Transportation analyst J. Bruce Chan..
The Guardian
About 45,000 workers begin strike at US ports after breakdown in union talks
Economy
Politics
Finance
Technology
The ILA port workers' strike, the first on the US East coast since 1977, began after contract talks with USMX broke down. The White House has been monitoring the rift, while the AFL-CIO has urged House Republicans against interfering by pushing to impose an injunction to block the strike.
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