-
East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies
Tuesday, October 1, 2024 - 11:57am | 798The labor contract between the International Longshoremen's Association and U.S. Maritime Alliance expired overnight on Tuesday. The ILA — whose members comprise dockworkers on the East Coast — is now officially on strike. Supply chain disruptions stemming from a prolonged strike may affect...
-
Apple, Nio, CVS Health, Stellantis, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Monday, September 30, 2024 - 9:39pm | 572U.S. markets closed Monday slightly higher, with the Dow Jones Industrial Average edging up 0.04% to 42,330.15, while the S&P 500 gained a similar 0.04% to reach 5,762.48. The Nasdaq also rose by nearly 0.04%, closing at 18,189.17. These are the top stocks that gained the attention of retail...
-
Longshoremen Strike Looms, Standoff Could Cost $1B A Day, Leave Thanksgiving Prep In A Pinch
Monday, September 30, 2024 - 12:04pm | 734Longshoremen are expected to drop their cargo hooks Tuesday, potentially freezing activity at some of the U.S.’s busiest ports. What Happened: According to the New York Times, a union showdown on the East and Gulf coasts with their employers could halt billions of dollars worth of goods,...
-
Longshore Workers Reportedly Set To Strike At Two Vancouver Terminals
Friday, May 24, 2019 - 12:37pm | 186Longshore workers reportedly plan to strike at two container terminals of Port of Vancouver on May 27, threatening to disrupt Canada's largest hub for maritime trade. About 2,000 members of the International Longshore and Warehouse Union Canada (ILWU) will walk out at Global Container Terminals'...
-
British Columbia Longshore Workers Move Closer To Strike
Monday, May 13, 2019 - 11:25am | 377Longshore workers in British Columbia overwhelmingly voted to authorize a strike, raising the specter of a disruption at the Port of Vancouver, Canada's busiest port. The International Longshore and Warehouse Union (ILWU) Canada announced on May 10 that 98.4 percent of local members voted...
-
British Columbia Longshoremen To Hold Strike Vote
Wednesday, May 8, 2019 - 4:10pm | 499Members of the International Longshore and Warehouse Union (ILWU) in British Columbia will vote on authorizing a strike, setting the stage for potential disruptions at the Ports of Vancouver and Prince Rupert. Longshore chapters of the ILWU will vote on May 8 and 9, according to a notice sent by...
-
Competition Regulator Smacks-Down "Unfair" Longshoremen Companies
Wednesday, April 3, 2019 - 11:07am | 1368Australia's Competition and Consumer Commission (ACCC) has handed out a smack-down to the three main longshoremen companies in Australia, which were using their oligopoly market power to impose unfair terms on trucking companies. The stevedoring companies involved are DP World Australia,...