Shipping companies raked in billions during the COVID-19 pandemic, International Longshoremen's Association International President Harold J. Daggett told FOX Business on Tuesday. Now, he insists, the "money crazy" businesses are going a step further with a push for automation.
Things were rough back then . We went on strike for $0.80. The companies only made like 5 to $10 million, but since COVID and before COVID 'til now, they're making billions and billions of dollars. It's a whole different story, but they don't want to share it. They'd rather see a fully automated terminal right here on the East Coast so they can make more money. They're money crazy," Daggett continued.
Thousands of dockworkers began walking the picket lines at midnight, Tuesday, signaling what many warn could be a tough time ahead for the nation, with shortages to come and prices expected to rise if the strike goes on for a substantial amount of time. As of now, there's no end in sight.