⚡️Threat Of Dock Workers' Strike Could Paralyze US Ports
⏺About 45,000 dockworkers at all major ports in the eastern United States and the Gulf Coast are threatening to go on strike early next week. Negotiations that have been going on since June have reached a dead end. Cargo owners are in a hurry to avoid the consequences.
⏺The International Longshoremen's Association is threatening a strike if an agreement is not reached with the United States Shipping Alliance on wages and automation by October 1. This is already affecting the operation of ports: working hours are increasing and surcharges are being introduced for interruptions. ILA leader Harold Daggett confirmed that dockers would continue to work on some military cargo and cruise ship sites.
⏺Retailers brought their goods in advance, which may soften the economic impact of the strike. However, delays may negatively impact some cargo, such as perishable foods and pharmaceuticals. The ports that could be affected handle more than 90% of the pharmaceutical products imported into the United States. Analysts warn the fallout will spread around the world as port congestion reduces shipping capacity and increases freight rates.
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⏺About 45,000 dockworkers at all major ports in the eastern United States and the Gulf Coast are threatening to go on strike early next week. Negotiations that have been going on since June have reached a dead end. Cargo owners are in a hurry to avoid the consequences.
⏺The International Longshoremen's Association is threatening a strike if an agreement is not reached with the United States Shipping Alliance on wages and automation by October 1. This is already affecting the operation of ports: working hours are increasing and surcharges are being introduced for interruptions. ILA leader Harold Daggett confirmed that dockers would continue to work on some military cargo and cruise ship sites.
⏺Retailers brought their goods in advance, which may soften the economic impact of the strike. However, delays may negatively impact some cargo, such as perishable foods and pharmaceuticals. The ports that could be affected handle more than 90% of the pharmaceutical products imported into the United States. Analysts warn the fallout will spread around the world as port congestion reduces shipping capacity and increases freight rates.
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