First Major East Coast Dock Strike Since 1977 Puts 100,000 Shipping Containers in Limbo: $5 Billion a Day and Supply Shortages in the Balance

[{"selector":"#anim-12073fc2-89c8-49d5-beed-258753bda15a","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-249b5bfb-0be8-4c76-b36b-4bc9a93e63ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7881baa5-f977-4788-8a77-1b837e60e179","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3f0fe7d-0b62-4b14-861a-d89d7a46ca64","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b40fa6e0-83d3-4752-88f8-02b467488225","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As of 12:01 a.m. ET on Tuesday, Oct. 1, around 50,000 International Longshoremen's Association members went on strike. Photo Source: Google Photo Source: Google

[{"selector":"#anim-9080ecb5-40af-4317-ad02-15b00224a6c9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-10edce5c-b77e-4213-b6f7-5fa79f1df1b4","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-27486198-ef68-4f28-9340-4c6eca51c970","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c1759837-af91-4d57-a89f-6e5c87ec6a8b","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The stoppage came at the largest ports in the east of the US, stretching from Maine to Texas and represents one of the biggest strikes by dockworkers on the eastern seaboard since 1977. Photo Source: Google

[{"selector":"#anim-0c296c3e-df26-4164-8dce-ae10c7fd7ce3","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-332db3fc-5eb1-4e99-b343-dde6806e1c9e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-563d31a2-cf26-4d96-8688-441d96ef31aa","keyframes":{"transform":["translate3d(0px, -100.05241%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1288ae9-5a46-4eba-90eb-9571075e8a97","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04ee20f7-3a22-4c60-a052-3ba1debee4f9","keyframes":{"transform":["translate3d(0px, 159.88815%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The walkout covers 14 of the largest ports, including linchpins New York/New Jersey, Boston, Philadelphia and Houston as a group almost approached handling between 43% and 49% of all U.S. imports. Photo Source: Google

[{"selector":"#anim-410ed9aa-2c7b-4954-9d57-776d29082e13","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4c8d0a5-75bb-4439-a0af-08add21db5f4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e219823-66b6-4c7a-a943-525e604182b1","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-732318a7-f8b9-4652-ad3e-c4779b1b0eca","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b79399a3-91ca-4d98-820b-607e207e3841","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] At a press conference last night, New York Governor Kathy Hochul said an estimated 100,000 shipping containers were “literally in limbo” at the Port of New York and New Jersey. Photo Source: Google Photo Source: Google

[{"selector":"#anim-4a7453c4-1174-4659-9f60-661b7d5130bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-713c769a-0b01-472e-823d-26288d6fba2e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-576df1f5-5df9-49d9-85b0-364612cd3901","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2725259e-3a27-434b-bd6c-74285c6ac639","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Saddled with an expiring agreement, ILA President Harold Daggett publicly articulated the union's demands - among other things, a wage hike of $5 per hour each year of a six-year contract, all-out apocalyptic intentions in terms of port-wide automation prohibition Photo Source: Google

[{"selector":"#anim-3803529e-637f-4530-913c-c4d7728d52c1","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f5d72a3-94c6-4f6c-bd1f-26ab0da5e459","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7bb7e6e5-810e-4500-b362-e33b967d3cf5","keyframes":{"transform":["translate3d(0px, -100.05241%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef3b5695-f29d-45f7-9c35-32e92bbd2492","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d9cafcb-6fc4-4d10-8374-ef4b56e6453f","keyframes":{"transform":["translate3d(0px, 179.42390%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The United States Maritime Alliance (USMX), representing port operators and shipping lines, offered a nearly 50% wage increase over six years, but the gap between the parties remains wide. Photo Source: Google

[{"selector":"#anim-654c24b3-1a53-4746-bf75-0d10d55a4044","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26cc1b56-a2c8-4597-8c78-7bbcab62f926","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-533c0683-23cb-4de4-b3c9-789f1ea73147","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bffd38b1-be32-49aa-babd-e6d368a8f070","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f146a076-c633-4d9a-baba-68e5e2572e8b","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] J.P. Morgan estimates that a complete shutdown of East and Gulf Coast ports could cost the U.S. economy $5 billion per day. Photo Source: Google Photo Source: Google

[{"selector":"#anim-16a5151e-94b7-463d-a305-9423dccfbab3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-252c34d0-b60a-4fec-9e44-9729791ad798","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-917fac68-37da-4236-9cc1-20996033b483","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d278a51-5154-47e6-ad2e-7bd84c38c7e8","keyframes":{"opacity":[0,1]},"delay":500,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Various industries, including pharmaceuticals, apparel, and agriculture, are bracing for potential supply chain disruptions and shortages. Photo Source: Google

[{"selector":"#anim-aee6a1d3-b4ac-48dd-b3bb-fb75f887eabf","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0fc41cd-2d28-42b8-81a6-e26edb19fd4c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a05bbb8-fd33-4c0d-9b13-ea3ad55ffa51","keyframes":{"transform":["translate3d(0px, -100.05241%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c7324bf3-f411-46ba-b676-645f4076a67f","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7231c3f-f1cf-4bfd-b89c-1dfbce17e8a3","keyframes":{"transform":["translate3d(0px, 205.55554%, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] President Joe Biden has stated he does not intend to invoke the Taft-Hartley Act to end the strike, emphasizing his belief in collective bargaining. Photo Source: Google

[{"selector":"#anim-40c82718-504f-4eef-8534-a5f1d067f5b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-398ef02c-bdcb-4cb1-9ae0-f564bbaf6875","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7a7bf23b-00e9-43b7-8bfe-f79c6af7dcc4","keyframes":{"transform":["translate3d(-115.28663%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b559bcea-3fad-4b32-9858-2779e5f7dc7b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0bf1ff4-976f-4464-8994-ea887940e1d7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-e6f93818-b9ed-4aa0-9441-1a4d3cc643aa","keyframes":{"transform":["translate3d(115.92356%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f1ae6315-c600-433e-bbd5-d90d4a73844b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10a4000d-8044-4393-87f4-0b99df80dc57","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Learn more

First Major East Coast Dock Strike Since 1977 Puts 100,000 Shipping Containers in Limbo: $5 Billion a Day and Supply Shortages in the Balance

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