Dockworkers go on strike at East and Gulf Coast ports
Former U.S. Secretary of Commerce Wilbur Ross responded to shippers making counteroffers to the ILA on Craman Countdown. Longshoremen who formed a union Strikes were held early Tuesday at 36 ports on the Eastern and Gulf Coasts as negotiations over new contracts with groups representing port employers stalled. The International Longshoremen's Association (ILA), which represents […]
Port strike: Can West Coast ports absorb East and Gulf Coast import volumes?
Gene Seroka, Executive Director of the Port of Los Angeles, discusses the key issue of the impending Kabuto Port Strike: Coast to Coast. potential strike Unionized longshoremen It could begin Tuesday at East Coast and Gulf Coast ports, raising questions about whether West Coast ports are viable alternative destinations for offloading cargo. The International Longshoremen's […]
Port strike to burden supply chain while Hurricane Helene victims await relief
Chris Speer, president and CEO of the American Trucking Associations, said the longshoreman strike could disrupt major shipping ports on the East Coast, leading to short- and long-term macroeconomic impacts. The impact is being analyzed. An impending major port strike expected to begin late Tuesday night could have a significant impact on the provision of […]
Major East Coast ports expected to see disruptions due to strike
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 […]
Hurricane Helene’s devastation could cost tens of billions, preliminary estimate says
Congressman Greg Murphy, RN.C. details the devastation caused by Hurricane Helen and the storm's impact on the upcoming presidential election. hurricane helen The virus has devastated several southeastern states in recent days, with preliminary estimates from Moody's Analytics saying economic losses could be in the tens of billions of dollars. At least 106 people were […]
Port strike will create supply chain havoc, hitting farmers hard
Rep. Jeff Van Drew (R.N.J.) said on the “Evening Edit” that the possibility of port strikes across the United States could really “exacerbate” supply chain problems. A strike by longshoremen from Texas to Maine will reportedly hit American farmers hard, already facing a downward economic spiral. “We don't need another blow right now, and this […]
Port strike: Longshoremen union’s demand for total ban on automation questioned
Rep. Jeff Van Drew (R.N.J.) said on the “Evening Edit” that the possibility of port strikes across the United States could really “exacerbate” supply chain problems. As thousands of dockworkers prepare to strike if no deal is reached by Monday, one company leader is questioning union demands for a total ban on automation. The International […]
Port employers meet with Biden admin as potential strike looms next week
David Tawil, president of Prochain Capital, talks about Disney layoffs, the looming port strike, and which products and stocks are the best places to invest your money. of white house Authorities confirmed Friday that they have met with groups representing port employers as strikes could begin within days at ports on the East Coast and […]
Inflation measure closely watched by the Fed fell to 2.2% in August
Brian Levitt, global market strategist at Invesco, said at Barron's Roundtable that inflation has returned to its comfort zone. Inflation measures closely watched by Fed policymakers continued to slow in August as the pace of price increases trended closer to the Fed's target. The Personal Consumption Expenditures (PCE) price index released by the Department of […]
Looming port strikes: What to know
Fruit and vegetable importer Peter Kopke Sr. discusses the impact of the impending port strike on 'The Bottom Line'. In less than a week, Longshoremen at East Coast and Gulf Coast ports They promised to go on strike unless a new contract was reached. A work stoppage could cause serious disruption to the U.S. economy […]