US east coast port employees are on strike:
- practically 45,000 employees are out on strike
- as far north as Maine to as far south as Texas
Nevertheless, west coast ports are nonetheless open and rockin’ enterprise.
Through NBC in LA:
- Ports in California, Oregon, Washington, Hawaii, and British Columbia are unionized below the “Worldwide Longshore and Warehouse Union” as a substitute, or ILWU. The ILWU isn’t anticipated to carry the same stoppage. It ratified its most up-to-date six-year contract final 12 months, which garnered 75% general approval from employees.
- Port of Los Angeles Govt Director Gene Seroka stated a number of importers have “fractionally shifted” a few of their allocations to the dual ports of LA, busiest container port in North America, and Lengthy Seashore.
Seroka stated the ports are ready if the strike forces a diversion of shipments from the East and Gulf coast ports to Southern California.
This text was written by Eamonn Sheridan at www.forexlive.com.
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