{"id":51197,"date":"2024-10-02T19:58:33","date_gmt":"2024-10-02T19:58:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/02\/explainer-on-port-strikes-economic-harm\/"},"modified":"2024-10-02T19:58:33","modified_gmt":"2024-10-02T19:58:33","slug":"explainer-on-port-strikes-economic-harm","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/02\/explainer-on-port-strikes-economic-harm\/","title":{"rendered":"Explainer on port strikes economic harm"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<li class=\"breadcrumbs__item\">Transportation<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Issues including wages, inflation and automation have sent thousands of longshoremen to the picket lines<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Oct 02, 2024<\/span> \u00a0\u2022\u00a0 <span class=\"updated-date__since\">Last updated 4\u00a0hours ago<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">5 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"13bc6c32-d18d-4499-8f6e-44695f61ebad\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp&amp;sig=FjYweM8PmMSCp0o4F2IinQ,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp&amp;sig=y0Zdl0J0myzwAcfJJdEH2Q 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg&amp;sig=QVIeRaLC2jefNFOU1fNIug,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg&amp;sig=rQCzl--2onoSwpPIQbOqng 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp&amp;sig=OvYKYTKNOrwFDzljnKw11A,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp&amp;sig=gKBB3xn3Kl3rrgz7-c2kTw 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg&amp;sig=RUeN0lIBGcZW5uOfDjv8mw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg&amp;sig=wy3VsYpeMTKtXvWeztkyuw 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp&amp;sig=7TjRUKiVwKrKVTZxSK_zRg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/port-of-montreal-gs1002.png?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp&amp;sig=3OtpXOJGPvdKC---6-jsTg 2x\" type=\"image\/webp\"><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Port of Montreal dockworkers went on a short-term strike Monday with the job action set to end on Thursday morning while the union representing longshoremen continues to bargain with the employer.<\/span> <span class=\"credit\">Photo by SEBASTIEN ST-JEAN<\/span> \/<span class=\"distributor\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">Dockworkers at the Port of Montreal, as well as every major port on the United States\u2019 East and Gulf Coasts went on strike this week, sending ripple effects through the North American economy. The Financial Post\u2019s Denise Paglinawan explains what we know about the work stoppages and their potential impact on both sides of the border.<\/p>\n<h2>Which ports are closed due to strikes?<\/h2>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section aria-describedby=\"advertisment8727440148091882221913433566085120\" class=\"ad\">\n<p>Advertisement 2<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues 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list-checkmark\">\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div class=\"identity-screen m-x-0 p-x-0 col-xs-12 col-md-6 flex-justify-center flex-align-center\" aria-live=\"assertive\">\n<section class=\"sail\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-sailthru-personalization-engine=\"\" data-sailthru-personalization-engine-component=\"\"\/>\n<div class=\"m-x-0 p-x-0 col-xs-12 col-sm-6 col-md-12 flex-align-justify-center\" data-auth-component=\"\" id=\"auth-screen-form\">\n<div class=\"identity-screen-form--active w-full flex-align-justify-center\">\n<div class=\"identity-screen-form identity-screen__content w-full\">\n<h2 class=\"blocker-title\">Sign In or Create an Account<\/h2>\n<p><span class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>Workers at two of the four terminals in the Port of Montreal, Viau and Maisonneuve, operated by Termont Montreal Inc., began a three-day strike on Monday, Sept. 30 at 7 a.m. The Maritime Employers Association, which represents companies in the maritime transportation industry in Qu\u00e9bec and Ontario, said the strike started after mediated contract negotiations <span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201c<\/span><\/span>did not bear fruit.<span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201d<\/span><\/span><\/p>\n<p>More than 1,200 dockworkers, represented by the Montreal Longshoremen\u2019s Union, are currently off the job. About 350 members of the Canadian Union of Public Employees (CUPE) Local 375 are also part of the job action. The strike is expected to last until Thursday, Oct. 3 at 6:59 a.m.<\/p>\n<p data-async=\"\">A day after the work stoppage in Montreal, a much bigger strike commenced in the U.S.: at the stroke of midnight on Tuesday, Oct. 1, approximately 47,000 dockworkers with the largest maritime union in North America, the International Longshoremen\u2019s Association (ILA), hit the picket lines.<\/p>\n<p data-async=\"\">The U.S. strike halts operations at East and Gulf Coast trade gateways, affecting every major container port from Houston to Miami, as well as the Port of New York and New Jersey, the United States\u2019 busiest Atlantic hub for international commerce.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot14 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews background--primary-light-gradient\" aria-labelledby=\"FinancialPostTopStories8655057196430890939540277047590912\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<div class=\"newsletter-new-story-page-template\">\n<div class=\"newsletter-widget__header__new-story-page\">\n<div class=\"newsletter-widget__banner__new-story-page\"><img decoding=\"async\" alt=\"Top Stories\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/17.1.1\/websites\/images\/newsletters\/icon-fp-topStories.svg\"\/><\/div>\n<div>\n<p>Top Stories<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">Get the latest headlines, breaking news and columns.<\/p>\n<\/div>\n<\/div>\n<div class=\"newsletter-widget__body__new-story-page\">\n<div class=\"js-replace-main__new-story-page\">\n<p class=\"newsletter-widget__disclaimer__new-story-page text-size--tiny\">By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_HeadlineNews\">\n<p>Thanks for signing up!<\/p>\n<p class=\"newsletter-widget__text__new-story-page\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment2803881198568630630510117265604608\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h2>Why are the workers on strike?<\/h2>\n<p data-async=\"\">On Sept. 26, the Montreal dockworkers rejected their employer\u2019s offer and voted in favour of strike action. The parties had their last round of bargaining in 2021, which also resulted in strike action <span style=\"font-weight: 400\">\u2014 <\/span>until the federal government imposed forced arbitration and legislated employees back to work. Montreal\u2019s longshore workers have been without a collective agreement since Dec. 31.<\/p>\n<p>CUPE says all of the same issues from three years ago have resurfaced. The port workers are reportedly seeking annual wage increases of 20 per cent, to keep pace with the rising cost of living, as well as better work-life balance, the union said.<\/p>\n<p>Meanwhile, the U.S. longshore workers are demanding a 77 per cent wage increase, or $5 an hour for each of the six years of their new master contract with United States Maritime Alliance (USMX). USMX represents a group of foreign-owned ocean carriers and terminal operators at U.S. East and Gulf Coast ports. The wage demand would raise the workers\u2019 base hourly rate from US$39 to US$69.<\/p>\n<p data-async=\"\"><span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201c<\/span><\/span>ILA dedicated longshore workers continue to be crippled by inflation due to USMX\u2019s unfair wage packages,<span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201d<\/span><\/span> the union said.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment6900542057612137613366075576025088\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">The dispute is not only about pay. The longshore workers\u2019 union is also seeking a total ban on potentially job-reducing automation of cranes, gates and container movements used in loading or unloading of freight. <strong\/>ILA president Harold Daggett said the workers want <span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201c<\/span><\/span>absolute airtight language that there will be no automation or semi-automation.<span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201d<\/span><\/span><\/p>\n<h2>How much cargo goes through the Port of Montreal terminals?<\/h2>\n<p>The two terminals shut down by dockworkers at the Port of Montreal handle 41 per cent of container traffic at Canada\u2019s second-largest port.<\/p>\n<p data-async=\"\">The Montreal Port Authority said the work stoppage deprives companies in Quebec and Canada of that handling capacity on the St. Lawrence \u201cat a crucial time,\u201d when both import and export holiday cargo must transit through the Port of Montreal. It said any delay not only entails costs for companies using port services, but also puts $90.7 million of economic activity at risk for each day of interruption.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp&amp;sig=RaQDLz8DGEQ0TPrbZjYCdw,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp&amp;sig=202glvwEnofxWrORlo-cNQ 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg&amp;sig=UwaYXwzbuAdENLvsQIKxfQ,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg&amp;sig=Gl6yZu-qgVuNaQFiz-0CFA 2x\" media=\"(min-width: 1200px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp&amp;sig=aCKvY86qyVzztZHo7pB6vg,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp&amp;sig=Ow3VIfrsEC0jkpSvyToPDw 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/webp\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg&amp;sig=dlK1-P9GHhpoPpFdOcZf5g,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg&amp;sig=s0mdgsTMgTLYeg5uKXA0NA 2x\" media=\"(min-width: 768px)\" srcset=\"data:,1w\" type=\"image\/jpeg\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp&amp;sig=OCSSakiRjClJP6HG8e_qcw,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp&amp;sig=AUsl-nRkeKUfxKRGcnfNvg 2x\" media=\"(max-width: 767px)\" srcset=\"data:,1w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Bayport Container Terminal on Oct. 1, 2024, in Houston\" class=\"embedded-image__image lazyload\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=288&amp;sig=KOl-WICun4EOMrqLpEwRqw\" data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=288&amp;sig=KOl-WICun4EOMrqLpEwRqw,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=90&amp;strip=all&amp;w=576&amp;sig=85cjCgxBcT-cXwh8zGza6A 2x\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/nypm323-the-associated-press.jpg?quality=5&amp;strip=all&amp;w=100&amp;sig=wRZ8tuHZl7lo_DRjNC5sBQ\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/source><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Cranes usually running day and night are shut down during a strike by union members at the Bayport Container Terminal on Oct. 1, 2024, in Houston.<\/span> <span class=\"credit\">Photo by Annie Mulligan<\/span> \/<span class=\"distributor\">THE ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<h2>How much cargo do the East and Gulf Coast terminals handle, and what types?<\/h2>\n<p>The combined 36 East and Gulf Coast ports handle approximately 57 per cent of U.S. container volume.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_5\">\n<section aria-describedby=\"advertisment9565610173427044976270689578254336\" class=\"ad\">\n<p>Advertisement 5<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">The Conference Board, a New York-based think tank, estimates that a week-long strike at the <\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">East and Gulf Coast ports would cost the U.S. economy US<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">$3.78 billion, or US<\/span><span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">$540 million per day. A<\/span>ltogether, these facilities handle a quarter of the U.S.\u2019s annual international trade \u2014 totalling about US$3 trillion, it said.<\/p>\n<p>Oxford Economics estimates that the East Coast and Gulf Coast strike would reduce U.S. GDP by US$4.5 to US$7.5 billion, or 0.1 per cent annualized, for every week that it continues. The coastal ports predominately handle the import and export of raw materials, including tin, copper, cotton, wood and base metals that are involved in manufacturing processes.<\/p>\n<p>Around 80 per cent of tobacco and nicotine trade will also be affected, with more than half of those imports and exports going through the Ports of Norfolk and Miami. Only 32 per cent of vehicles and auto parts are imported though the ports, which is less significant than other product categories but would still spell trouble for European auto producers, according to Oxford Economics.<\/p>\n<p>TD economist Admir Kolaj said if the strike is prolonged, aside from the transportation sector, retail and manufacturing are two key industries that will be negatively impacted, <span style=\"font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif\">due to either a shortage of goods or delays from rerouted shipments.<\/span><\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_6\">\n<section aria-describedby=\"advertisment8635869427144065988471525207965696\" class=\"ad\">\n<p>Advertisement 6<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<h2>What will the economic impact be for Canada and the U.S.?<\/h2>\n<p>The Maritime Employers Association said the labour disputes are affecting the Quebec and Canadian economies, as well as Canada\u2019s reputation as a reliable and resilient trading partner. <span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201c<\/span><\/span>The Canadian supply chain is already fragile,<span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201d<\/span><\/span> it said in a statement. <span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201c<\/span><\/span>Any work stoppage at the Port of Montreal has major consequences.<span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201d<\/span><\/span><\/p>\n<p>The association said there had already been a significant drop in cargo at the Port of Montreal as a result of the uncertainty in negotiations, posing serious financial challenges for the companies. It said the amount of cargo handled by Montreal longshore workers had dropped 24 per cent since 2022.<\/p>\n<p>In an email, the Canadian Chamber of Commerce said it is deeply concerned about the strike in Montreal. It cited a 2021 Transport Canada study that looked at the effects of a full shutdown of the port and estimated the net losses to Canadian GDP could reach $40 million in the first week, then quickly rise to $100 million.<\/p>\n<section aria-labelledby=\"moreTopicLabel8302316610285652723422684753428480\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" other=\"\" ports=\"\" weigh=\"\" robots=\"\" vs.=\"\" dockworkers.=\"\" unions=\"\" aren=\"\" happy=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Terminal operators are planning to add automation at the Port of Halifax and that has workers worried.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/halifax-port-gs1001.png?h=96&amp;strip=all&amp;quality=80&amp;sig=FRByPvx2dDYIn38f-upP6w\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/halifax-port-gs1001.png?h=96&amp;strip=all&amp;quality=5&amp;sig=4q_xP5Tq-ve73CrOywoG0Q\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/halifax-port-gs1001.png?h=96&amp;strip=all&amp;quality=80&amp;sig=FRByPvx2dDYIn38f-upP6w, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/halifax-port-gs1001.png?h=192&amp;strip=all&amp;quality=80&amp;sig=XjlJaimOlLupM04E6VUpeA 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/halifax-port-gs1001.png?h=288&amp;strip=all&amp;quality=80&amp;sig=VeJ-nxfD6RrvM1wxc83lyw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Halifax, other ports, weigh robots vs. dockworkers. Unions aren&#8217;t happy<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" strike=\"\" shuts=\"\" u.s.=\"\" east=\"\" coast=\"\" gulf=\"\" ports=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"A container ship leaves the Port of Newark in Elizabeth, N.J., on Sept. 30. Dockworkers walked off the job early Tuesday morning. &#10;\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/qw_US_Eastern_Ports_Prepare_To_Close_With_Labor_Talks_Stalled.png?h=96&amp;strip=all&amp;quality=80&amp;sig=VTPaXoHh5Qq6gTBJPUvsTg\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/qw_US_Eastern_Ports_Prepare_To_Close_With_Labor_Talks_Stalled.png?h=96&amp;strip=all&amp;quality=5&amp;sig=9X0sFoonHajIf_xPoCM43A\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/qw_US_Eastern_Ports_Prepare_To_Close_With_Labor_Talks_Stalled.png?h=96&amp;strip=all&amp;quality=80&amp;sig=VTPaXoHh5Qq6gTBJPUvsTg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/qw_US_Eastern_Ports_Prepare_To_Close_With_Labor_Talks_Stalled.png?h=192&amp;strip=all&amp;quality=80&amp;sig=2pWuJZVptiC74ITEV0SFPg 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/10\/qw_US_Eastern_Ports_Prepare_To_Close_With_Labor_Talks_Stalled.png?h=288&amp;strip=all&amp;quality=80&amp;sig=u-e1bKM3h2esrTtlqy1RPw 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Dockworkers strike shuts U.S. East Coast, Gulf ports<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" deal=\"\" hopes=\"\" to=\"\" establish=\"\" an=\"\" alternative=\"\" port=\"\" for=\"\" grain=\"\" shipments=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"The Port of Churchill in Churchill, Man. 2018.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0211_biz_wire_churchill.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=t3TGYJN-RNzOU8pvcwOeZw\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0211_biz_wire_churchill.jpg?h=96&amp;strip=all&amp;quality=5&amp;sig=3vtDxlWnikJiaieNotiOGQ\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0211_biz_wire_churchill.jpg?h=96&amp;strip=all&amp;quality=80&amp;sig=t3TGYJN-RNzOU8pvcwOeZw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0211_biz_wire_churchill.jpg?h=192&amp;strip=all&amp;quality=80&amp;sig=x9YPmx11vbeiRyghFfJ9eQ 2x,&#10;                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/09\/0211_biz_wire_churchill.jpg?h=288&amp;strip=all&amp;quality=80&amp;sig=TE2_d346H7Q-4QjjsL_1Xg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">New deal hopes to establish an alternative port for grain shipments<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>Federal labour minister Steven MacKinnon noted on Friday that \u201cthe Port of Montreal is critical to our supply chains.<span class=\"TextRun SCXW112685997 BCX0\" data-contrast=\"none\" lang=\"EN-US\" xml:lang=\"EN-US\"><span class=\"NormalTextRun SCXW112685997 BCX0\">\u201d<\/span><\/span><\/p>\n<p><em>\u2014 With files from Canadian Press and Bloomberg.<\/em><\/p>\n<p data-async=\"\"><em>\u2022 Email: dpaglinawan@postmedia.com<\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Explainer on port strikes economic harm<\/a><br \/>\n<br \/>2024-10-02 19:58:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Economy Transportation Issues including wages, inflation and automation have sent thousands of longshoremen to the picket lines Published Oct 02, 2024 \u00a0\u2022\u00a0 Last updated 4\u00a0hours ago \u00a0\u2022\u00a0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-51197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=51197"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51198"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}