Damaging Port Strike May Aid Some Transportation Stocks: Here's How
C.H. Robinson(CHRW) ZACKS·2024-10-03 00:41
On Oct. 1, 2024, dockworkers at ports on the U.S. East Coast and Gulf Coast commenced their first large-scale strike in nearly five decades after contract renewal negotiations broke down. Nearly 50,000 U.S. port workers, represented by the International Longshoremen's Association or ILA across the East and Gulf Coast, started their work stoppage after their current six-year contract expired on Sept. 30. The labor action by the dockworkers will not only disrupt activities at some of the United States' larges ...