Freight rates rise as companies plan for costly US port strike
Written by Black Hot Fire Network on September 29, 2024
US retailers, automakers and other businesses face ballooning freight rates as they make contingency plans for a strike that threatens to close nearly three dozen ports next week.
The International Longshoremen’s Association, which represents 25,000 dockworkers at ports between Maine and Texas, said it planned to walk off the job early Tuesday unless port operators agreed to substantially raise their wages and limit automation.
The strike would close east coast and gulf coast ports that handle roughly . . .
