My business is already down, this could easily ruin what is already going to be a mediocre 4th quarter.
If our masters hadn’t moved all of our mfg offshore, a strike like this would be a lot less traumatic.
Hey, there’s more than one path to stagflation in this world ya know...
JMO, YMMV
And anyone Biden appoints to handle this problem will only make it worse.
It could be Harris. Or Buttigieg. Or that bird from Sesame Street.
There's not a SINGLE west coast US port? No Long Beach, San Diego, Los Angeles, Oakland or Seattle?
The FIRST US port on the list is at #55?
Yet the USA is still the world's largest economy by far...
Largest economies in the world by GDP (nominal) in 2024 according to International Monetary Fund estimates
Sound like an act of war.
I would not be surprised if the biden-obama administration decides that the best solution would be to postpone the presidential election for a couple of years... /s
Right after the ILA (Longshoremens’) strike Monday at 12 midnight, the Teamsters trucking will also strike, crippling gas stations, grocery stores, pharmacies etc etc etc.
Be ready for it — STOCK-UP TODAY!
China owns most of the major docks in the U.S. wonder if Asian men seen entering them?.
Toilet Paper, Paper Towels and Maren Morris toilet edition Ukeleles are going to be hard to come by.
this list looks bogus.
Where is Houston? New Orleans? Long Beach? Norfolk?
I’ve shipped a LOT of containers... these are the ports we normally use.
San Antonio? As a port? lol
I’m not buying this list.
Now, imagine a major west coast earthquake.
That would make things bad for a few days.
Is Pete Buttigieg negotiating? It is no good.
Why would any company EVER use union labor? It’s the stupidest thing I’ve ever heard of.
(From the article) : "A looming strike by dockworkers at ports from Massachusetts to Texas could snarl supply chains
and raise prices on a wide array of consumer goods—just as the holiday shipping season approaches."
"Members of the International Longshoremen's Association, a union representing 85,000 dockworkers, plan to strike Tuesday
if they can't reach agreement on a new contract with the United States Maritime Alliance, which represents large shipping lines."
"A walkout would be the first East Coast dock strike in the U.S. since 1977."
A strike would shut down container facilities at 14 ports stretching from Boston to Houston.
Those ports handled more than 68% of all containerized U.S. imports last year."
"Here's a look at some of the ways a strike could affect the U.S. economy."
" Shipping Delays
The most immediate impact would be that goods would stop getting unloaded at the affected ports.
Even if the strike only lasted for a few days, the ripple effect would continue for weeks or longer."
"In addition to costing the U.S. economy as much as $5 billion per day—a run rate equaling 6% of U.S. annual gross domestic product (GDP)
—transportation analysts at J.P. Morgan said Thursday in a research note that major shipper and logistics company Maersk has estimated
that it would take four to six weeks to work through shipping backlogs for each week the ports don't operate. "
(The article continues..)
We’re supposed to go on a cruise starting in Baltimore on Thursday 😬