Contact Us
Make My Homepage

Strike Looms at Gulf and East Coast Ports

East Coast businesses are bracing for a possible walkout of 14,500 workers that could close 15 ports from Massachusetts to Texas.

Port Newark (Getty Images)

The latest talks between shipping companies and dockworkers broke down Tuesday, less than two weeks before the contract expires Dec. 29. That’s led to worries a strike is inevitable.

The National Retail Federation wrote to President Barack Obama this week to ask him to use “all means necessary” to head off a strike, which it fears could have catastrophic economic ripple effects.

A key sticking point is royalty payments union workers get, based on the weight of cargo received at each port. The container carriers and port operators want to cap the payments, saying they’re too large and hurting competitiveness.

The union says they’re an important supplemental wage and fund critical benefits.

 

Copyright 2012 The Associated Press

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.