Shippers Scramble for Workarounds Ahead of Threatened US Port …

Sep 25, 2024 · A prolonged strike, alongside an ongoing strike by 30,000 machinists at Boeing that has already started to ripple through the aircraft maker's supplier network, could put a …

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Will a strike at East and Gulf Coast ports cause chaos?

STORY: A potential strike at East and Gulf Coast ports is already causing chaos for U.S. companies, as three dozen ports with 45,000 workers could shut down as soon as Oct. 1. Many shipping firms are now scrambling to import early, shift goods to the West Coast, and even put cargo on pricey flights to get ahead of the potential strike. ...

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. ...

How many container ships are coming to New York & New Jersey?

STRANDED CARGO, SOARING RATES As of Saturday, there were 42 container ships scheduled to arrive at the Port of New York and New Jersey, one of the biggest ports involved in the labor dispute, according to S&P Global's maritime tracking service Sea-web. Thirteen of the ships are scheduled to arrive after Sept. 30. ...

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. ...