US Dockworkers Start Massive Strike [Yahoo! Finance]
A.P MOLLER-MRS UNS/ADR (AMKBY)
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Source: Yahoo! Finance
The strike threatens to hurt most shipments at East and Gulf Coast ports and accelerate inflation through potentially snarled supply chains. Members of the International Longshoremen's Association (ILA) walked out after the midnight expiration of their contract with the United States Maritime Alliance, which represents large shipping lines. ILA President Harold Daggett said the union is "prepared to fight as long as necessary." U.S. dockworkers at 14 ports stretching from Maine to Texas handling more than 68% of the country's imports started to strike , hurting most shipments at East and Gulf Coast ports and threatening to accelerate inflation through potentially snarled supply chains. Members of the International Longshoremen's Association (ILA) walked out after the midnight expiration of their contract with the United States Maritime Alliance, which represents large shipping lines. ILA President Harold Daggett said in a statement on the union's Facebook site that it is "p
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