US shippers avoid East Coast ports on risk of second strike [Yahoo! Finance Canada]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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Source: Yahoo! Finance Canada
(Reuters) - U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land a new contract with employers by a Jan. 15 deadline. The International Longshoremen's Association (ILA) labor union and the United States Maritime Alliance (USMX) employer group had ended a three-day strike in October with a tentative agreement on wages, but left the thorny issue of port automation still to be resolved. "Anything we expect that we need in the back half of January, we're effectively diverting to the West Coast," said Chris Peterson, CEO of Graco high chair and Crock-Pot cooker maker Newell Brands, referring to the period after the new contract negotiating deadline. Peterson said the company switched a "couple of hundred containers" of critical materials to the opposite coast to get ahead of what he expects will be a second strike lasting, at most, two weeks. The Oct. 3 deal
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NWL
Earnings
- 10/25/24 - In-Line
NWL
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 4
- 11/5/24 - Form 144
- NWL's page on the SEC website