INTERNATIONAL BUSINESS TIMES NEWSLETTER SIGNUP My account Log Out Sep 29, 6:24 PM EDT World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion NEWSLETTER My account Log Out US Edition World U.
S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion Listings & More Spotlight Glossary SMB Forum Glossary K-Wave CEO Spotlight Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States NEWSLETTER Follow Us Editions Australia Edition India Edition International Edition Singapore Edition United Kingdom United States Business US Eastern, Gulf Coast Ports Prepare For Shutdown As Dockworkers' Strike Looms The job action could begin Tuesday and cost the American economy $7.5 billion a week By Bruce Golding Published 09/29/24 AT 6:24 PM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard Share on Pocket Cranes stand over a cargo ship at New Jersey's Port of Newark on March 26, 2024.
Spencer Platt/Getty Images U.S. port operators and shipping companies are preparing for a looming strike by union dockworkers on the East and Gulf coasts that could cost the U.
S. economy up to $7.5 billion a week.
Some ports are scheduled to take action as soon as Monday, with the Port of Virginia, near Norfolk, planning to end marine operations at 1 p.m. local time barring a last-minute labor agreement, Bloomberg said Sunday.
Port Houston in Texas and the P.