Transportation and shipping
Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound, caught up in East Coast trade shutdown
An Eli Lilly & Co. Zepbound injection pen, March 28, 2024. Bloomberg | Bloomberg | Getty Images As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs […]
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East and Gulf Coast ports strike, with ILA longshoremen walking off job from New England to Texas, stranding billions in trade
Shipping containers sit stacked in the Port of Newark on September 30, 2024 seen from New York City. A massive strike shutting down ports across the East and Gulf coasts began at midnight as members of the International Longshoremen’s Association continue to make salary and other demands to the United States Maritime Alliance, which controls […]
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East Coast port strike: Truckers, rails scramble to move billions in cargo before ILA union midnight shutdown
Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port of Mobile in Mobile, Alabama, US, on Saturday, Sept. 28, 2024. Micah Green | Bloomberg | Getty Images With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after […]
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Largest port on U.S. East Coast, New York/New Jersey, begins prepping for what could be first union strike since 1977
Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoreman’s Association, the largest union in North America. The ILA represents over 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 […]
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Trump tariffs will fuel supply chain inflation and consumers will pay the price, trade experts warn
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Costfoto | Nurphoto | Getty Images Trade analysts are warning that new tariffs threatened by former President Donald Trump, which he doubled down on during Tuesday night’s presidential debate, […]
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Lineage begins trading in the market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol “LINE.” Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. […]
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Biden admin, U.S. ports prep for cyberattacks as nationwide infrastructure is qualified
Cranes rest idle whilst waiting for a ship to dock to get rid of cargo containers in Los Angeles Harbor on March 14, 2024. Genaro Molina | Los Angeles Times | Getty Illustrations or photos A prime Biden cybersecurity formal urged the nation’s ports in a joint simply call on Wednesday to have their data […]
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Dali container removing will consider months, a crucial to Port of Baltimore reopening
A Critical Bridge Reaction 2024 Unified Command image of response crews remove shipping containers employing a floating crane barge immediately after the cargo ship Dali struck and collapsed the Francis Scott Essential Bridge, on April 7, 2024 in Baltimore, Maryland. Handout | Getty Images News | Getty Photos The procedure of removing delivery containers from […]
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Amazon is making an attempt to get rid of its signature brown bins. The retail delivery large has a prolonged way to go
Amazon parcels are well prepared for delivery at Amazon’s Robotic Achievement Centre on December 19, 2023 in Sutton Coldfield, England. Nathan Stirk | Getty Pictures Information | Getty Images Every single 12 months, the U.S. goes by way of sufficient cardboard boxes for shipping and delivery to pave a just one-mile-huge highway from New York […]
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Railroad CSX introducing new freight route on Tuesday to stay clear of Port of Baltimore soon after bridge collapse
CSX coach at Seagirt Maritime Terminal, Port of Baltimore. Baltimore Sunshine | Tribune News Services | Getty Photos CSX is beginning a new dedicated freight rail provider among Baltimore and New York for its clientele on Tuesday to help mitigate the trade disruption as a outcome of the closure of the Port of Baltimore after […]
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