A looming east coast port strike could shake the economy

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Economic Times Logo Economic Times 4d ago

A looming east coast port strike could shake the economy - Economic Times

Quick Summary:

Many shipments have been diverted to West Coast ports, where dockworkers belong to a different union that agreed a new contract last year.

The ports of Long Beach and Los Angeles say they are handling at least as many containers as they did during the pandemic shipping boom of 2021-22.

But the time that containers wait at the port to be picked up by trucks and trains has increased recently, according to the Pacific Merchant Shipping Association, which represents the port terminal operators on the West Coast.