Shippers scramble for workarounds ahead of looming US East …

Sep 25, 2024 · Shippers scramble for workarounds ahead of looming US East Coast port strike ... U.S. companies that rely on East and Gulf Coast seaports ... Item 1 of 2 Shipping containers …

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Shippers Scramble For Workarounds Ahead Of Threatened US Port …

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Sep 25, 2024 · In August, the five largest ports on the East and Gulf Coasts processed about 24,766 40-foot containers of imports and exports valued at $2.7 billion each day, according to …

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Companies Scramble For Workarounds Ahead Of Threatened Strike …

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Sep 25, 2024 · In August, the five largest ports on the East and Gulf Coasts processed about 24,766 40-foot containers of imports and exports valued at US$2.7-billion each day, according …

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Port Strikes On US East Coast Will Cause Major Supply Disruption …

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Sep 25, 2024 · Sand said: “More than 40% of total containerized goods enter the US through ports on the East Coast and Gulf Coast, so the stakes could not be higher. "To stop trade …

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FAQs about Shippers scramble for workarounds ahead of looming US East … Coupon?

Why are importers rushing in before the strike deadline?

Retailers, manufacturers and other importers, meanwhile, have been rushing in apparel, home goods, machine parts and other items ahead of the strike deadline to avoid having cargo stuck. [1/2]Shipping containers are stacked on a pier at the Red Hook Terminal in Brooklyn, New York, U.S., September 20, 2024. ...

Will shipping rates spike again after a strike?

Rates have since retreated, but could spike again with a strike. “If the cost of shipping goes up … it gets pushed onto the end consumer – whether that’s someone buying a car or someone buying a metal part in a hardware store,” Chesapeake’s Mr. Sanchez said. Sign up for our new Business Brief newsletter. ...

Are businesses rushing to get ahead of tariff hikes?

To be clear, some businesses are rushing to get ahead of any tariff hikes. At the country’s largest port, cargo volume was up 16% year on year in November, according to Port of Los Angeles director Gene Seroka, although he attributed much of that spike to geopolitical issues and a strong economy. ...

What's going on with the International Longshoremen's Association & Maritime Alliance?

The dispute between the International Longshoremen's Association union and the United States Maritime Alliance employer group hinges on pay, with current contract terms expiring at midnight on Sept. 30. ...