Gene Seroka, executive director of the Port of Los Angeles, discusses important issues surrounding the impending port strike on Kabuto: Coast to Coast.
Thirty ports along the East Coast and Gulf Coast face the possibility of work stoppages as new contracts between port employers and longshoremen expire.
Tens of thousands of longshoremen could walk off the job and go on strike as early as Tuesday if the International Longshoremen's Association and the American Maritime Union fail to reach a deal.
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FOX Business is taking a closer look at the three major East Coast ports affected by the shutdown.
New York Harbor and New Jersey Harbor
Cars wait to be loaded onto a ship at the Port Newark Elizabeth Marine Terminal in Newark, New Jersey, on July 23, 2023. (Photo by Gary Hershawn/Getty Images)
The Ports of New York and New Jersey are the largest ports on the East Coast and the third largest in the United States based on cargo volume. There are a total of six terminals, where different types of goods are moved.
Last year, more than 7.8 million twenty-foot equivalent units (TEUs) of cargo passed through the Ports of New York and New Jersey. Approximately $271 billion worth of goods moved in 2022, according to a port fact sheet.
According to the fact sheet, the main imported products handled by the company include furniture, home appliances, plastics, beverages, spirits and vinegar, and electrical machinery and parts. It will also make it easier to export large quantities of vehicles and parts. Wood and wood pulp. plastics and other products.
Savannah Harbor
Shipping containers and cranes at the Port of Savannah on September 9, 2023 in Savannah, Georgia. (Ilya Nouberge/Bloomberg via Getty Images/Getty Images)
The Georgia Port Authority calls the Port of Savannah “the largest single-terminal container facility of its kind in North America.”
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It handled 22.1% of the East Coast's container trade last year, according to the Savannah Area Chamber of Commerce. The Port of Savannah had 5.4 million TEUs pass through its facilities in fiscal year 2023.
The number of TEUs from the beginning of the year to August is reported to be 3.68 million.
It is home to the largest refrigerated container import and export terminal in the Southeast, according to the Savannah Regional Chamber of Commerce.
port of baltimore
Two longshoremen talk next to a stack of containers at the Port of Baltimore, Oct. 14, 2021, in Baltimore. (Photo by Jim Watson/AFP via Getty Images/Getty Images)
The Port of Baltimore has five public terminals and 12 private terminals.
According to a February press release from the Maryland Governor's Office, 1.1 million TEU containers were shipped in 2023.
Last year, the Port of Baltimore led U.S. ports in “handling of automobiles, light trucks, agricultural and construction equipment, and imported sugar and gypsum,” according to the Maryland State Archives. It was also the second largest exporter of coal.
As a port strike approaches, the port workers' union's demand for a complete ban on automation is called into question.
More than 847,000 cars and light trucks passed through its terminal last year.
The Maryland State Archives said the Port of Baltimore is “within an overnight driving distance of one-third of the nation's population.”
Maryland estimates that the port and its operations provide $70.28 billion in economic value to the state.
