Reported 7 days ago
A port strike looms on the U.S. East Coast as contract negotiations between the International Longshoremen's Association and the United States Maritime Alliance have stalled over wage disputes. With the current labor contract set to expire and an impasse reached on pay increases, the strike could significantly disrupt the flow of goods and cost the economy $5 billion daily. The White House has refrained from intervening, while major retailers prepare for potential impacts on their supply chains.
Source: YAHOO