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
Union boss Harold Daggett rages against E-ZPass for costing union jobs in video weeks before strike shut down ports
Harold Daggett, the union boss who shut down 14 U.S. shipping ports, went on a rant about technology weeks before longshoremen went on strike on Tuesday, even targeting E-ZPass. According to a report, the president of the International Longshoremen's Association blames the loss of toll booth workers as the move to EZ Pass allows drivers […]
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 […]
Will the dockworkers’ strike cause higher food prices? Experts weigh in
Longshoremen unions on the East Coast and Mexico's Gulf Coast began a strike Monday that will affect the flow of goods through ports that handle about half of seaborne trade to the United States and could impact food prices. be. The ports affected by the International Longshoremen's Association strike are important hubs for food imports […]
Port strike and cruise lines: Will operations be disrupted?
Carnival CEO Josh Weinstein talks about Caribbean hurricane season on “Craman Countdown.” The state of cruise operations came into focus Tuesday after unionized longshoremen stormed picket lines at ports along the East and Gulf Coasts. Cargo traffic has been disrupted at many major ports since the International Longshoremen's Association (ILA) strike began, but the union […]
Port strike could impact oil and gas industry, experts say
Tim Ryan, owner of Square 1 Farmers, and his son, Tim Ryan Jr., vice president of sales, discuss their company's preparations for supply chain issues ahead of the port strike and discuss the impact on businesses and consumers. Let's discuss. The longshoremen's union strike that began early Tuesday and affected dozens of U.S. ports is […]
Five things to know about the port strike
Longshoremen and longshoremen at East Coast ports are currently striking in a major labor action with real implications for the U.S. and international economy. Thousands of members of the International Longshoremen's Association (ILA) stopped working on Tuesday, demanding huge pay increases and cuts from automation after the shipping companies that employ them have posted record […]
Israel Reportedly Warned Iran It Would Strike Nuclear Sites If It Was Attacked, Officials Say
The Wall Street Journal reported on Tuesday that Israel has threatened to attack Iranian nuclear and oil facilities if Iran decides to launch an attack. Iran fired hundreds of missiles into Israeli territory on Tuesday, seen as a major escalation in the already disputed region. Tehran notified Arab authorities on Monday night of the attack […]