Expected Longshoreman Strike Could Be Another Blow to the Economy

cargo shipJust a few days ago, the possibility of a strike of longshoreman at major East Coast and Gulf ports was nowhere in the news. Now the chance of a work stoppage has been called nothing short of another potential catastrophe for the economy.

According to The Wall Street Journal:

Port authorities along the coast, which aren't part of the negotiations but would be effectively shut down by a strike, are bracing for a walkout by 14,650 longshoremen.

"It looks pretty likely at this point," said Curtis Foltz, executive director of the Georgia Ports Authority in Savannah. He said Georgia's ports would lose as much as 80% of their traffic if the strike goes ahead. "Everyone in the industry is very disappointed to be at the point where we are today," he said.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Industry, Infrastructure, Labor & Unions

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DR ED

I have no sympathy for the longshore men/woman. they-and I reffer to the 80%- have an attitude of Im better then you,I work 20% of the time and get paid 100%, full benefits/top pay for hrly workers and my s---,doesnt stink. I drive my Escalade,so get out of my way. I treated them as a Chiropractor,for 20yrs.,they didnt want to pay their deductable and wanted me to always accept their Ins. as payment in full. they would walk in and expect our office to treat them immediately, without an appointment, or if they did have an appointment they would just not come in at times,without calling to cancell their appt. so others could take their place. The 20% were great, and were good people,and even friends.

December 24 2012 at 10:33 AM Report abuse rate up rate down Reply