Harry Le Hermit
Member
The International Longshoremen Association appears to be serious about striking on October 1st, on East and Gulf Coast ports. Currently these ports move about 50% of all container movement in the U.S. About half that 50% is from Asia; 30% of that 50% comes from Europe; and the rest from S.A. and others.
There hasn't been a lot of news about this, which I would imagine is an expectation of someone swooping in and halting any strike. And that might very well happen. But, shippers are already moving cargo towards the West Coast terminals, at a rate above their capability. Decisions about destinations can't flip overnight, but requires several weeks.
There hasn't been a lot of news about this, which I would imagine is an expectation of someone swooping in and halting any strike. And that might very well happen. But, shippers are already moving cargo towards the West Coast terminals, at a rate above their capability. Decisions about destinations can't flip overnight, but requires several weeks.