Alert!
Longshoremen from Texas to Maine are at an impasse in negotiations as the upcoming contract expiration on October 1, 2024 looms.
The triple-digit ocean cost increases over the last 6 months have set a challenging backdrop.
A strike could worsen the strain on cost and capacity worldwide. Many large shippers have front-loaded in anticipation, contributing to recent cost hikes. However, many importers remain unprepared, leading to widespread uncertainty.
What are your plans? Please share any ideas you might have!
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