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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.
Talks between the ILA, which represents more than 45,000 dockworkers across the U.S. East and Gulf coast ports, and the employer group are at an impasse over issues related to automation at port ...
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.
The walkout represents the first East Coast dock strike since 1977. ... A strike would reduce U.S. economic activity by between $4.5 billion and $7.5 billion for every week it continues, according ...
The strike affecting 36 ports is the first by the union since 1977. Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages Skip to main content
PHOTO: Containers are stacked up on the dock at the Global Container Terminal in Jersey City, New Jersey as the sun sets on January 13, 2024, as seen from Bayonne, New Jersey. (Gary Hershorn/ABC News)
The ILA launched its strike by 45,000 port workers from Maine to Texas, its first major stoppage since 1977, on Tuesday after talks for a new six-year contract with the United States Maritime ...