Posts tagged tariffs

    Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977

    September 20, 2024 // The ILA represents over 85,000 port workers, and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 ports along the East and Gulf Coasts. Close to half (43%-49%) of all monthly U.S. imports would be impacted, representing billions of dollars in trade, and logistics firms are preparing contingency plans last used during Covid and 2018 tariffs. Currently, there is an estimated $34 billion in freight in route to these ports on 147 ocean vessels.