Reuters — U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time. The strike ended sooner than investors had expected, weakening shipping stocks across […] Read more
Tag Archives United States Maritime Alliance
U.S. East Coast dockworkers strike, halting half of U.S. ocean shipping
NEW YORK (Reuters) - Dockworkers on the U.S. East Coast and Gulf Coast began a strike early on Tuesday, their first large-scale stoppage in nearly 50 years, halting the flow of about half the nation’s ocean shipping after negotiations for a new labor contract broke down over wages. The strike blocks everything from food to automobile shipments across dozens […] Read more
