Reported 3 months ago
Dockworkers on the US East Coast and Gulf Coast have initiated a significant strike, halting about half of the nation's ocean shipping, affecting numerous goods and posing risks of economic loss, job threats, and inflation. This disruption, the first large-scale action in nearly 50 years, stems from failed contract negotiations, accentuating tensions between the International Longshoremen's Association and shipping companies. The strike could last several days, with ripple effects expected to influence shipping rates and supply chains through early next year.
Source: YAHOO