Shipping costs to increase if longshoremen strike on East Coast US
Global Development & Management LLC expects longshoremen to strike at ports beginning December 29.
The International Longshoremen's Association will likely go on strike at ports on the East Coast of the US beginning December 29, according to Global Development & Management LLC, a company that helps petfood manufacturers establish export markets.
The company says negotiations through a federal mediator are ongoing; however, the association is expected to call for a strike lasting a week to 10 days based on results from the previous port strike on the West Coast of the US. During the strike, Global Development & Management expects freight rates off the West Coast of the US will increase by US$800 to US$1,000 per container.