Executives at the Port of New York/New Jersey are preparing for a potential work stoppage by the International Longshoreman’s Association as its October 1 contract deadline approaches. The ILA represents over 85,000 longshoremen, and a strike could shut down dozens of ports, including five of North America’s busiest. Port officials are coordinating with ocean carriers to prevent congestion ahead of the strike. The Biden administration has ruled out invoking the Taft-Hartley Act to force union members back to work.
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00:00It's Benzinga, and here's what's on the block.
00:03Executives at the Port of New York and New Jersey are preparing for a potential work
00:07stoppage by the International Longshoremen's Association as its October 1st contract deadline
00:11approaches.
00:13The ILA represents over 85,000 longshoremen, and a strike could shut down dozens of ports,
00:18including five of North America's busiest.
00:21Port officials are coordinating with ocean carriers to prevent congestion ahead of the
00:25strike.
00:26The Trump administration has ruled out invoking the Taft-Hartley Act to force union members
00:30back to work.
00:31For all things money, visit Benzinga.com.