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East and Gulf Coast Ports Strike Begins, Squeezing Supply Chains
While many experts believe the up to $5 billion in daily losses to a strike can be absorbed for a week or so, damage to supply chains could get far heavier if the walkout extends further.
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Topics
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Business - CNBC
Chaos is building for shippers as U.S. port strike continues and costs rise
As the strike at ports enters its third day, cargo containers are stranded at the wrong terminals or at sea, and ocean carrier charges are starting to mount.Yesterday -
Business - CNBC
U.S. ports start 100-day countdown clock to new strike, and automation is poised to be the dealbreaker
The East and Gulf Coast ports strike deal isn't close to done, with a fight over automation between ILA union and USMX ownership group facing Jan. 15 deadline.19 hours ago -
Top stories - NBC News
Port strike squeezes banana supplies, but most grocery shelves should be well stocked for weeks
Retailers and industry experts are urging shoppers not to resort to panic-buying, saying grocery aisles should be well-stocked with essentials for weeks.Yesterday -
Top stories - NBC News
Dockworkers on East and Gulf Coast to return to work after reaching agreement on wages
Thousands of dockworkers on the East Coast and Gulf Coast will return to work after reaching a tentative agreement on wages, ending one of the biggest work stoppages in decades.Yesterday -
Business - Inc.
These Are the Top U.S. East Coast Port Shipment Retailers
As the dockworker’s strike continues, port shipment retailers may be affected by the backlog.Yesterday -
Business - CNBC
Panic buying amid U.S. ports strike is creating supermarket supply concerns
Grocery stores and retailers say consumers are panic buying products over shortage concerns due to East and Gulf Coast ports strike, but fears are unfounded.Yesterday -
World - Yahoo News
AAC highlights risks to Australia’s aluminium supply chain
2 days ago -
Business - CNBC
Why oil prices haven't skyrocketed on Middle East supply fears — yet
Energy analysts have questioned whether oil markets are being too complacent about the risk of a widening conflict in the Middle East.Yesterday -
Business - The New York Times
Port Strike Suspended After Dockworkers’ Union Receives New Wage Offer
The International Longshoremen’s Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.Yesterday -
Top stories - CBS News
Agreement reached to suspend port strike
A strike by thousands of dockworkers at 14 ports along the East and Gulf coasts was suspended Thursday when a tentative agreement was reached to extend the current contract through Jan. 15.Yesterday
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