There’s still no resolution on a potential strike due to start tomorrow (October 1) at U.S. seaports on the East Coast and Gulf of Mexico. 39 containerships are forecast to arrive this week at the Port of New York and New Jersey. Some vessels may divert to Canadian or Mexican ports, but most are expected to wait outside the port until the strike ends.
CNBC is reporting that trucking companies and freight rail operators are scrambling to move billions in trade that has been arriving at the 14 affected ports where the International Longshoremen’s Association is planning to strike after midnight on Monday if a new contract is not reached with ports management.
For the week ended last Friday, nearly $14 billion in trade arrived at these ports, including New York/New Jersey, Baltimore, Norfolk, Virginia, Savannah, Georgia, Miami, New Orleans and Houston, with $2.7 billion in trade arriving on Friday alone.
The International Longshoremen’s Association signaled in a post over the weekend that it will strike at 12:01 a.m. ET on Tuesday, Oct. 1. The US Government has indicated that it will not intervene.
Our US team is watching closely for last minute agreements today and we will keep customers updated on any developments.
Source: CNBC
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