Nov 30 2012

LA Port Strike Costs Economy $1 Billion Per Day

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Yes, you read correctly… the current LA Port Strike Costs Economy $1 Billion Per Day.

Running for several days now, the costs to the local and national economy will exceed billions, that is if it was to be settled today. At odds are issues related to port workers demands for keeping work local and hiring practices.

Terminals are shutdown and ships are not being unloaded or loaded.  The ten day lockout in 2002 cost the economy an estimated $15 billion.  Many businesses are expecting inventory for the 2012 holiday season.

We hope the negotiations continue and that a settlement is reached soon.

 

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2 Comments on this post

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  1. Property Marbella said:
    Expensive and unnecessary costs to the U.S. who need all the help they can get in order to create more jobs for the people of America.
    December 1st, 2012 at 5:46 am
  2. Plants Machinery said:
    Costly and needless expenses to the U.S. who need all the help they can get to make more tasks for the individuals of The united states.
    January 2nd, 2013 at 12:33 am

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