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Potential strike threatens U.S. ports over automation concerns
A labor conflict that could severely affect the U.S. economy is looming. 45,000 workers from East Coast and Gulf ports have threatened to strike just as elected President Donald Trump returns to the White House. The dispute centers around port automation, which could jeopardize thousands of jobs by replacing human labor with machines. If carried […]
Port strike sparks concerns about insurance
This work stoppage impacts a broad ecosystem of companies related to trade and marine insurance. The International Longshoremen’s Association (ILA) began a strike on October 1 due to a lack of agreement with terminal operators and shipping lines, represented by the United States Maritime Alliance. This labor stoppage has halted container, and vehicle imports just […]
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