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The research group further predicted that the losses per day would accelerate the longer the strike went on. [10] J.P. Morgan estimated a higher $3.8 billion to $4.5 billion loss per day for the economy for the length of the strike, with some losses recovered following the strike's end. [6]
Brusuelas estimated the strike would affect about $1.3 billion in exports and $3 billion in imports daily, still a modest figure given the size of the American economy.
The strike affecting 36 ports is the first by the union since 1977. ... Dockworker Meikysha Wright and others strike outside the Virginia International Gateway in Portsmouth, Va., on Oct. 1, 2024. ...
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on ...
The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract.
Long lines of container ships queued up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening ...
A strike would effectively shut down three dozen locations at 14 port authorities along the East and Gulf coasts, causing shortages and driving up prices on a host of goods.
Elizabeth, NJ -- October 1, 2024 -- Members of the International Longshoreman's Association gather at Port Elizabeth on Tuesday to support a strike after contract talks broke down Monday night.