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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
California port operations could be affected if the striking longshore workers union in the East set up pickets here, as it did in San Francisco during the strike in 1977.
The walkout represents the first East Coast dock strike since 1977. A total of 14 ports involving some 25,000 workers are affected by the strike, according to USMX:
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.
There are an additional 35,000 containers on inbound ships to the port. The port on average receives 400,000 containers a month. It is not unusual for a port to be closed for 2-3 days because of ...
A dockworker shortage at the ports of Los Angeles and Long Beach ended Friday night after halting cargo traffic at the complex.
Top-scale port workers now earn a base pay of $39 an hour, or just over $81,000 a year. But with overtime and other benefits, some can make in excess of $200,000 annually.
(Reuters) -The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting ...