Port strike ends as two sides reach tentative deal [Yahoo! Finance]
Costco Wholesale Corporation (COST)
Last costco wholesale corporation earnings: 3/5 04:15 pm
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Source: Yahoo! Finance
Maritime Alliance, ending a four-day strike that locked up ports along the East Coast and in the Gulf of Mexico this week. The master contract was extended until Jan. 15,, as the two sides returned to the bargaining table to work out a new contract. ILA wages will increase 61.5% over six years under the tentative agreement. The union was asking for a 77% pay raise and accused shippers of “gouging” customers, resulting in increased costs to American consumers. Shippers are now charging $30,000 for a full container, an increase from $6,000 a container just a few weeks ago, according to the ILA. The strike began at 12:01 a.m. on Tuesday, and by Wednesday, grocery retailers noted a surge ofshoppers buying essentials like toilet paper, water, and paper towels. Warehouse retailer Costco and big box retailer Walmart had contingency plans in place, and grocers like H-E-B, based in San Antonio, assured shoppers on X that shelves would remain stocked during the strike. Cincinnati, Ohi
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News
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COST
Earnings
- 9/26/24 - Beat
COST
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- COST's page on the SEC website