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The US could see shortages and higher retail prices if a dockworkers strike drags on

The US could see shortages and higher retail prices if a dockworkers strike drags on

Oct 3, 2024 | 4:16pm
NEW YORK (AP) — U.S. ports from Maine to Texas are closed due to a strike by the union representing about 45,000 dockworkers. The International Longshoremen’s Association is demanding higher wages and a total ban on the automation of cranes, gates and trucks that are used in the loading or unloading of freight at 36 U.S. ports. Those ports handle roughly half of the nations’ cargo from ships. A lengthy shutdown could raise prices on goods around the country and potentially cause shortages and price increases at retailers as the holiday shopping season — along with a tight presidential election — approach.
Dockworkers go on a strike that could reignite inflation and cause shortages in the holiday season

Dockworkers go on a strike that could reignite inflation and cause shortages in the holiday season

Oct 1, 2024 | 10:40am
PHILADELPHIA (AP) — Dockworkers at ports from Maine to Texas have started walking picket lines in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks. The contract between the ports and about 45,000 members of the International Longshoremen’s Association expired at midnight, and even though progress was reported in talks on Monday, the workers went on strike early Tuesday. The strike is affecting 36 ports. The U.S. Maritime Alliance represents the ports and said Monday evening that both sides had moved off of their previous wage offers, but when picket lines went up it was apparent there was no deal.