On Oct. 1, it’s likely that 45,000 union workers will go on strike at ports on the East and Gulf coasts. That date is when the contract between the International Longshoremen’s Association and the United States Maritime Alliance will expire.
A strike would hit 36 ports that handle about one-half of U.S. ocean imports. It could cost the economy $5 billion a day, per a JPMorgan analysis, as reported by Axios. The ports lead the U.S. in shipments of machinery, at $97.4 billion.
Find out more in this analysis from Material Handling & Logistics, like PMM an Endeavor Business Media publication.
