Biden says prolonged port strike would be ‘man-made disaster’

Quick Summary:

Biden urged port employers and shipping lines to restart talks with striking dock workers.

He warned that the strike, which has closed major container ports on the Atlantic and Gulf coasts, could become a 'man-made disaster.

The union said in a statement hours before the strike began that ocean carriers are already price gouging: “They are now charging $30,000 for a full container, a whopping increase from $6,000 per container just a few weeks ago.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaChinaIsraelTaiwan

Topics: Dock workers Hurricane Helene Joe biden Port strike Shipping lines

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 09:24:41 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1288 words

Reading Time: 8 minutes read

Sentences: 29 lines

Sentence Length: 45 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 22858737

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 7 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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