2024-10-01 13:29:08
USA
Economy
Transportation
East Coast US Dockworkers Strike Paralyzes Trade
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New York Times - Business
Economy
Politics
47,000 longshoremen on East and Gulf Coasts likely to strike Tuesday, halting activity at busy U.S. ports. Impasse with United States Maritime Alliance over wages, benefits, automated machinery. Other unions like Teamsters, UAW got concessions. Strike could cost billions daily. Last East/Gulf Coast strike was in 1977.
The Street
What a longshoremen strike means for Carnival, Royal Caribbean, and other cruise lines Come Cruise With Me Newsletter
Economy
The International Longshoremen's Association (ILA), representing 85,000 workers, plans to strike on October 1 at Atlantic and Gulf Coast ports. The strike could impact cargo shipments, affecting industries like construction, pharmaceuticals, and cruise lines Carnival and Royal Caribbean. However, the ILA has pledged to continue working on passenger cruise ships to avoid inconveniencing travelers. The union cites stagnant wages despite rising profits for shipping companies like the United States..
The Street
Port strike strike could notably hit wallets of Walmart customers TheStreet Daily Newsletter
Economy
Politics
Upcoming port strike could significantly impact U.S. cargo flow and retail sales, especially for major importers like Walmart, ahead of key shopping seasons. Cruise operator Carnival posted strong Q3 results. Strike could affect 14 ports handling nearly half of U.S. cargo, with $14 billion in goods moving through weekly. On a single day, over 54,000 cargo containers worth $2.7 billion passed through the affected ports. Major companies with shipments through the Port of New York and New Jersey..
n-tv.de
Billions in Damages Threatened: East Coast Port Workers in the US Go on Strike - n-tv.de
Economy
Politics
Port workers on the US East Coast are striking; Billions in damages are threatened; The strike could disrupt foreign trade; The ILA union and the USMX employer representation are negotiating.
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