Friday, December 28, 2012

A big ship storm: Dockworkers strike to cost US billions

With dockworkers threatening to strike this weekend, businesses that rely on tens of billions of dollars worth of cargo flowing through the New York-New Jersey waterfront are starting to make costly contingency plans.

The International Longshoremen’s Association, whose grip extends across East Coast and Gulf Coast ports, is preparing to walk off the job on Sunday after failing to reach a deal with a group of shippers and port operators over container royalties.

The threat of a huge port shutdown has already led some supply-chain managers to divert their goods to other ports and ship them by rail or air instead…

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