Skip to comments.West Coast paralysis: Some winners...sort of
Posted on 02/20/2015 10:29:20 AM PST by george76
West Coast docks are paralyzed as employers and longshoremen continued to spat about contracts and congestion problems.
There are plenty of losers. Exporters, like farmers and ranchers, can't get their perishables to Asian markets during the Lunar New Year when demand for fruit and meat is particularly high. And importers large and small are beginning to report shipment delays and inventory shortages.
Are there winners? Kind of
Air Freight. Some importers, like electronics dealers and luxury retailers, can afford to put their cargo on planes, despite at least a ten-fold increase in shipping costs.
East Coast/Gulf Coast ports.
The two primary railroads moving cargo from the West Coast, the BNSF Railway (owned by Warren Buffett's Berkshire Hathaway) and Union Pacific Corp., will suffer. But their eastern counterparts, CSX and Norfolk Southern, may see some added short-term business from diverted cargo.
(Excerpt) Read more at cnbc.com ...
Why can’t these SOB’s be fired?
Because the Unions donate campaign cash to the dear leader.
Just wait until the longshoremen find out their strike pay was given to the Democrats in the last election
You think they don’t know ..????
Are you kidding me .. of course they know.
The writer needs to look at some rail maps. BNSF and UP both serve several Gulf coast ports. So they will need to carry goods back toward the west coast. Canadian National serves the Gulf coast as well through the old Illinois Central.
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