Truckers, Rails Scramble to Move Billions in Cargo Before Midnight Shutdown
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Sept. 30, 2024 | ECONOMY | Trucking companies and freight rail operators are scrambling to move billions in trade that has been arriving at the 14 ports where the largest longshoremen's union in North America is planning to strike after midnight Monday if a new contract is not reached with ports management. For the week ended last Friday, nearly $14 billion in trade arrived at these ports, including New York/New Jersey, Baltimore, Norfolk, Virginia, Savannah, Georgia, Miami, New Orleans and Houston, with $2.7 billion in trade arriving on Friday alone. The International Longshoremen's Association (ILA) said in a statement on Monday that its wage demands were still not being met and blamed ports management for a strike that will start at 12:01 a.m. ET on Tuesday, Oct. 1. NBC Related: President Biden won’t interfere: “It’s collective bargaining. I don’t believe in Taft-Hartly.” Port strike would be first since 1977.
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