North Texas trucking company weighs in on impact of port strike

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

North Texas News

Business Business Latest News,Business Business Headlines

Economists said the strike could cost hundreds of millions of dollars a day, and delay shipments from everything from cars, furniture, and pharmaceuticals.

Lone Star Transportation based in Fort Worth said customers have called curious about options to navigate ports as workers strike along the East and Gulf Coasts.Tuesday morning more than 45,000 Union Longshoremen hit the picket lines at ports from Maine to Texas after contract negotiations for a pay raise and protection from automation fell flat.

He said since the union ports are closed, the strike will impact logistics and finances with moving goods around. Consumers won't likely feel the impact immediately, but if the strike lasts for days leading to weeks, people will notice, according to economists. Contract negotiations with the International Longshoreman's Association and United States Maritime Alliance, or USMX, which represents major ocean freight and port operators stalled. The union is pressing for a pay raise and a limit on automation at ports which could eliminate jobs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in BUSÄ°NESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines