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A strike would cause billions of dollars in economic damage and force shippers to divert more products to land in the West Coast, adding distance, time and costs for many importers and retailers.
The union representing thousands of dockworkers from Maine to Texas launched a strike over wages and the use of automation, shutting down major seaports. Dockworker strike shuts down ports in the ...
The Anderson Economic Group estimated that the U.S. economy would lose $2.1 billion from a one-week strike, $1.5 billion due to the loss in value or degradation of items such as perishable goods, $400 million for transportation company losses, and $200 million in lost wages for the striking port workers.
"A port strike could cost the U.S. economy billions of dollars a day, hurting American businesses, workers and consumers across the country," Business Roundtable CEO Joshua Bolten said in a ...
Union workers at ports in the East and Gulf coasts earn a base wage of $39 an hour after six years on the job compared to reports that West Coast union workers, which make $54.85 an hour.
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 ...
Striking U.S. dockworkers have reached a tentative agreement with shipping and port terminal companies for a wage hike of around 62% that will end a three-day strike, a source familiar with the ...
Here's what we know about the labor strike at the East Coast's largest ports. Previous: East Coast port workers on verge of strike for first time in 47 years. What to know. Why are ILA workers ...