Reported 6 days ago
Dockworkers in the US have gone on strike after contract negotiations failed, affecting 36 ports from Maine to Texas. Analyst Bruce Chan predicts the strike could last up to two weeks, with significant economic implications if it extends further. He notes that FedEx and UPS are poised to benefit as they can bypass the ports for cargo movement. Government intervention may occur if the strike prolongs, aiming to mitigate broader economic impacts.
Source: YAHOO