A strike by longshoremen from Maine to Texas appears increasingly likely, with the October 1 deadline for a deal fast approaching. Despite months of negotiations, no agreement is in sight. The potential strike could disrupt supply chains and have a significant economic impact, with daily strikes potentially costing billions of dollars. While the government has vowed to remain uninvolved in negotiations, the consequences of a prolonged strike could be severe.
Container Shipping Costs Drop Amid Sluggish Demand
After a steady rise in global container shipping rates, recent months have seen a notable decline, with rates from China to the U.S. dropping by