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Taxpayers must pay the freight for over-budget train projects
Topic - U.S. Maritime Alliance
The union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike that could have crippled operations at ports that handle about 40 percent of all U.S. container cargo, a federal mediator announced Friday.
Dockworkers along the East Coast and the Gulf of Mexico agreed Friday to extend their contract for more than a month, averting a weekend strike that could have crippled major ports from Boston to Houston and bottled up billions of dollars' worth of cargo.
In just a few days, a walkout by thousands of dock workers could bring commerce to a near standstill at every major port from Boston to Houston, potentially delivering a big blow to retailers and manufacturers still struggling to find their footing in a weak economy.
A union representing dockworkers at the East Coast's busiest port has authorized a strike if a contract deal isn't reached by the end of next month, lending urgency to preparations by retailers to send cargo elsewhere if labor talks affecting the entire seaboard remain at a standstill.