U.S. Port Congestion Builds as Dockworker Strike Enters Third Day
Lines of container ships continued to form outside major U.S. ports on Thursday as the first longshoremen's strike in nearly 50 years entered its third day. The chokepoint threatens shortages of everything from bananas to car parts and is expected to widen in the coming days unless a solution is found. Reuters report Negotiations between […]
US port strike: GM, Walmart, LG top importers at impacted ports
John Cassimitidis, chairman and CEO of United Refining Company and Red Apple Group, discusses Mr. Biden's non-intervention in the port strike and how it fuels inflation. , explain what will increase the price of food and oil. An ongoing longshore union strike has shut down several ports on the U.S. East Coast and Gulf Coast […]
Port strike: distilled spirits exports and imports at risk says trade group
John Cassimitidis, chairman and CEO of United Refining Company and Red Apple Group, discusses Mr. Biden's non-intervention in the port strike and how it fuels inflation. , explain what will increase the price of food and oil. The industry group said the spirits industry and its consumers were facing the effects of the longshoremen's strike […]
Fmr Labor Sec Warns Port Strike Could Cause ‘Extraordinary Consequences’ For Economy, May Lead To Court Action
Former Trump administration U.S. Labor Secretary Eugene Scalia said Wednesday on Fox News that the current port strike could have “extraordinary consequences” for the economy and that President Joe Biden may seek a court injunction. I warned you that there is. The International Longshoremen's Association (ILA) staged a strike early Tuesday, affecting 14 major ports […]
Port strike disrupts hamburger supplies, frozen seafood
Traders and industry officials say striking longshoremen at East Coast and Gulf Coast ports are fighting for beef, which restaurants and retailers are increasingly relying on to make hamburgers because of limited domestic supplies. It is said to be blocking imports. Labor strikes have prevented the loading and unloading of everything from car shipments to […]
Port strike leads to panic-buying, but experts say there's no need
A major port strike on the East Coast and Gulf Coast could threaten Americans' banana supplies, but it's unlikely to directly cause a toilet paper shortage, but that won't stop consumers from panic-buying. Thousands of members of the International Longshoremen's Association (ILA) have stopped working, demanding big pay increases and protection from automation after the […]
Economist warns of 'bad news for consumers' amid looming port strike
Economist Stephen Moore discusses whether the looming port strike is inflationary and Trump vowing to cut energy prices in half. source
Business coalition urges Biden to take 'immediate action' to end port strike
About 300 industry groups on Wednesday called on President Biden to take “immediate action” to resolve major strikes at ports along the East Coast and Gulf of Mexico. Tens of thousands of longshore workers walked off the job shortly after midnight Tuesday, in a scenario that companies have feared for months. The impact on the […]
HHS expecting 'limited' impact on drug supply chain from port strike
The Department of Health and Human Services (HHS) does not anticipate a significant impact on the availability of health care products from the port strike that began this week, with the current assessment predicting a “limited” impact. Members of the International Longshoremen's Association (ILA) went on strike on Tuesday after negotiations with the United States […]
Harris backs striking port workers, knocks Trump
Vice President Harris on Wednesday expressed support for the longshoremen's strike, while criticizing her rival, former President Trump, as tens of thousands of longshoremen walked off the job at ports along the East Coast and Gulf of Mexico. denounced. “This strike is about fairness. Foreign shipping companies have made record profits and increased executive compensation. […]