Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike
With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight Monday, logistics executives tell CNBC the remaining hours are critical in moving out as much trade as possible before a shutdown that will do serious damage to the functioning of the U.
East and Gulf Coast Port Strike Could Halt $5 Billion in Daily Trade
U.S. East and Gulf Coast port workers are set to strike at midnight Monday, potentially halting trade from Maine to Texas and costing the economy $5 billion a day. The dispute centers on wage negotiations between the International Longshoremen's Association and the United States Maritime Alliance,
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