View full page at forexfactory.com

 

'Container Cliff': East Coast Faces 'Devastating' Port Strike

From cnbc.com

First came the "Fiscal Cliff." Now, get ready for the "Container Cliff." The threat of a longshoremen's strike that could close 15 ports from Massachusetts to Texas—including the port of New York and New Jersey—has shipping industry leaders, manufacturers and retailers warning of a "devastating blow" to the supply chain. Like the fiscal cliff in Washington, the deadline for an agreement between the International Longshoremen's Association (ILA) and employers represented by the U.S. Marine Alliance is approaching fast—Dec. 29 to be exact. Negotiations broke off earlier this week after management said they want to ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News