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Longshoremen strike at the Port of New York, New Jersey and elsewhere

2 minute read Video: We take you behind the scenes of Port Newark New Jersey’s ports — among the busiest in the U.S. — are facing a pivotal moment that requires innovation and collaboration along a complex supply chain Longshoremen at ports from Maine to New Jersey to Texas went on strike Tuesday for the […]

By Andrew Jack

October 1, 2024October 1, 2024

News

What to Expect in 2024 Port Closure Strike: Shipping Delays on Holidays

Consumers face higher prices and reduced supply if dock workers go on strike If about 45,000 union workers strike at 36 ports from Boston to Houston, consumers will feel the impact. About 45,000 union members could walk out of work at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off key […]

By Andrew Jack

October 1, 2024October 1, 2024

News

A possible port strike could be a game-changer for small businesses

Consumers face higher prices and reduced supply if dock workers go on strike If about 45,000 union workers strike at 36 ports from Boston to Houston, consumers will feel the impact. Time is running out to prevent a strike at ports from Maine to Texas that could cost the economy $5 billion a day and […]

By Andrew Jack

September 30, 2024September 30, 2024

News

The ports of New York and New Jersey are preparing for a longshoremen's strike on Tuesday

3 minute read Video: We take you behind the scenes of Port Newark New Jersey’s ports — among the busiest in the U.S. — are facing a pivotal moment that requires innovation and collaboration along a complex supply chain An overnight strike by unionized longshoremen on the East Coast is very likely, senior state officials […]

By Andrew Jack

September 30, 2024September 30, 2024

News

Federal Reserve cuts key interest rates by half a percentage point, signaling the end of its fight against inflation

Important points The Federal Reserve cut its benchmark interest rate by half a percentage point, the first and largest cut since March 2020, when the COVID-19 pandemic hit the economy hard. The cut amounts to a declaration of victory over inflation, which has fallen from a peak of 9.1 percent in June 2022 to 2.5 […]

By Andrew Jack

September 18, 2024September 18, 2024

News

Boeing furloughs “large number” of its employees in wake of strike

Workers with strike signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, U.S., on Friday, Sept. 13, 2024. M. Scott Brauer | Bloomberg | Boeing will temporarily furlough thousands of executives, managers and other employees in the U.S., citing the ongoing machinists' strike, as the company struggles to maintain its liquidity, […]

By Andrew Jack

September 18, 2024September 18, 2024

News

Boeing workers strike: CEO Kelly Ortberg may have to pay

Kelly Ortberg has come out of retirement to get the ship back on course, but Boeing's new CEO has a big fire to put out first. As more than 33,000 factory workers go on strike that analysts estimate could cost the company $3.5 billion, the company announced sweeping cost-cutting measures on Monday, including a hiring […]

By Andrew Jack

September 18, 2024September 18, 2024