General Prepare for shortages and price increases

[kvr28]

Surprised not seeing more about the strike coming


With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight Monday, logistics executives tell CNBC the remaining hours are critical in moving out as much trade as possible before a shutdown that will do serious damage to the functioning of the U.S. economy.

Based on data from ImportGenius, which tracks the bills of lading — the digital receipts of cargo containers — a total of 54,456 twenty-foot equivalent units (TEUs) arrived on Friday at the 14 ports operating under the master contract between the International Longshoremen’s Association and the U.S. Maritime Alliance (USMX) which expires at midnight Monday. The approximate value of that freight was upward of $2.7 billion, based on an MDS Transmodal estimate of $50,000 per container. For the weekdays between Sept. 23-27, a total of 273,417 TEUs were imputed through customs at these ports with a value of approximately $13.67 billion.

Alan Baer, CEO of OL USA, said the enormity of the freight volumes arriving Friday alone shows the scramble logistics companies are in to get the containers off the dock by close of business Monday. “Importers, in coordination with their logistic partners, should try to clear as many of their containers off open terminals where possible to avoid possible delays in acquiring their inventory,” said Baer.

https://www.cnbc.com/2024/09/30/ports-strike-truckers-rails-billions-in-cargo-shutdown.html

 

[MountainMedic]

a total of 54,456 twenty-foot equivalent units (TEUs) arrived on Friday

Thats a staggering 1 day number

 

[Robbie Hart]

Bidenomics

“they’ll fix it in the next 4 more years”!!!

 

[AnotherTMAGuy]

Surprised not seeing more about the strike coming

Russian disinformation influencing election.

 

[kvr28]

Thats a staggering 1 day number

Yep, will be interesting to see what this does to prices running up to the election.

 

[sparkuri]

It's All True - LewRockwell

In case you missed it, global governance was instituted on 13 September 2024, through something called the Pact for the Future. Remember the Global Citizen Digital ID conspiracy theory? It’s in there. Remember the WHO pandemic treaty surrendering all national sovereignty in the event of a...

www.lewrockwell.com

 

[Dead Bluff]

More October Surprises.

 

[Wild]

More October Surprises.

Red October. We have enough food stocked to last our family 5-6 weeks, if shit were to get truly ugly. But I need to buy some gallons of water & fill up the 5 gallon gas containers, which I plan to do this week. Likely we won't need it, but shit is whack right now and I feel like it's only going to get worse between now & January.

 

[kvr28]

View: https://twitter.com/WallStreetSilv/status/1840759687232319851

 

[luchalibre]

Red October. We have enough food stocked to last our family 5-6 weeks, if shit were to get truly ugly. But I need to buy some gallons of water & fill up the 5 gallon gas containers, which I plan to do this week. Likely we won't need it, but shit is whack right now and I feel like it's only going to get worse between now & January.

Load on on more than 5-6 weeks. Go to Costco or whereever and by a fuck ton of rice and dried beans.

5-Gallon Standard Mylar Bags

5-Gallon Standard Mylar Bag by PackFreshUSA, a manufacturer of flexible packaging, specializing in oxygen-free storage solutions for commercial food products and home food storage.

packfreshusa.com

Some mylar bags & O2 absorbers and food safe 5 gallon buckets. Will last be there if you need it and last years

 

[Wild]

View: https://twitter.com/indygerl/status/1840790393291682260

 

[kvr28]

View: https://twitter.com/indygerl/status/1840790393291682260

I do

 

[luchalibre]

Might help me on my next trip to Asia. I get as many bags as I want, what should I bring in for resell when this happens?

 

[megatherium]

Wait until the Iranians start sinking oil tankers in the Strait of Hormuz.

 

[Enock-O-Lypse Now!]

Supposedly this is in LA but looks a little suspect:

 

[kvr28]

Supposedly this is in LA but looks a little suspect:

That looks like during covid when the LA docks were closed

 

[kvr28]

Well, it's happening, wonder how long it will last


Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen’s Association, or ILA, began walking off the job after 12:01 a.m. ET on Oct. 1.

The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports. The union and port ownership group failed to reach agreement by midnight on a new contract in a protracted battle over wage increases and use of automation.

In a last-ditch effort on Monday to avert a strike that will cause significant harm to the U.S. economy if it is lengthy — at least hundreds of millions of dollars a day at the largest ports like New York/New Jersey — the USMX offered a nearly 50% wage hike over six years, but that was rejected by the ILA, according to a source close to the negotiations, who was granted anonymity to speak about the private negotiations. The port ownership group said it hoped the offer would lead to a resumption of collective bargaining.

The 14 ports where preparations for a strike have been underway are Boston; New York/New Jersey; Philadelphia; Wilmington, North Carolina; Baltimore; Norfolk, Virginia; Charleston, South Carolina; Savannah, Georgia; Jacksonville, Florida; Tampa, Florida; Miami; New Orleans; Mobile, Alabama; and Houston.

New York Gov. Kathy Hochul said in a statement issued shortly after midnight that “the first large-scale eastern dockworker strike in 47 years began at ports from Maine to Texas, including at the Port Authority of New York and New Jersey. In preparation for this moment, New York has been working around the clock to ensure that our grocery stores and medical facilities have the essential products they need.”

Rhetoric from ILA leadership has been aggressive in the weeks leading up to the strike, with ILA President Harold Daggett, who was a union member the last time it went out on strike in 1977, telling rank-and-file members — who unanimously voted to authorize a strike — in a recent video message, “We’ll crush them.”

In a video posted to an ILA Instagram account, Daggett addressed union workers at Maher Terminals in Elizabeth, New Jersey. “This is going down in history, what we’re doing here,” he said. “They can’t survive too long,” he added.


For now, it is the supply chain and U.S. economy which will take the immediate hit.

Shana Wray, principal solutions architect for supply chain intelligence firm FourKites, tells CNBC the strike comes at the worst possible time, with its impact on supply chain congestion to exacerbate the devastation left behind from Hurricane Helene.

“Helene caused ports to delay openings at the ports of Charleston and Savannah, as well as power losses at intermodal facilities in Savannah, Charleston, and Atlanta,” said Wray. “This created ocean, trucking, and rail carriers congestion across Southeast and Gulf ports.”

Logistics experts have told CNBC in recent months there has been an exodus of cargo from the East to West Coast, and companies moved up orders for peak shipping season due to the strike risk. Both economists and logistics executives say the impact of the strike depends on how long the work stoppage lasts.

“A disruption of a week or two will create some backlogs but the broader consequences will be minimal outside of a handful of very port-reliant areas, including Savannah,” said Adam Kamins, economist at Moody’s Analytics. “But anything longer will lead to shortages and upward price pressures,” he said.

The most significant issues would be faced by the food and automobile industries, Kamins said, as they rely especially heavily on the ports that will be shut down. While a surge in inflation is highly unlikely even with a longer strike, even a modest reacceleration could create uncertainty and force the Federal Reserve to be more cautious about lowering interest rates, which would weigh on the overall outlook for job growth and investment.

https://www.cnbc.com/2024/10/01/east-coast-ports-strike-ila-union-work-stop-billions-in-trade.html

 

[vad]

My hunch is this is a last ditch effort for the current administration to "solve" this problem leading up to the election. They are letting this ride for a few weeks to step in and save the day.

 

[kvr28]

My hunch is this is a last ditch effort for the current administration to "solve" this problem leading up to the election. They are letting this ride for a few weeks to step in and save the day.

Agreed, and then the MSM will label Kamala the hero right before the election

 

[segfault]

My hunch is this is a last ditch effort for the current administration to "solve" this problem leading up to the election. They are letting this ride for a few weeks to step in and save the day.

Possibly, yeah. One way to make the current economy not seem so bad is to make it even worse before reverting back.

Won't buy them much good will with anyone with an ounce of sense, considering the cost of everything prior to the strike. Then again, the education system has been hard at work pumping out kids too stupid to see what's right in front of their faces and who's the cause of it. They'll keep them distracted by hot-button emotional topics.

Or the dock worker unions are being clever. They know the incumbent administration can't afford to have drastic price increases the month leading up to the election. There will be political pressure to fold to their demands with a quickness, unless they think they can delay the fallout until after the election. And if they lose, they hand Trump an economic shitshow to have to deal with.

 

[IschKabibble]

View: https://twitter.com/indygerl/status/1840790393291682260

Guy is a selfish dick head whose union makes its money carting around cheap Chinese shit. Great timing for the rest of us, asshole. Fuck all unions.

 

[kvr28]

Have you guys seen what the union is asking for? A stop to automation of their jobs and a 77% raise over 6 years. They were offered 50% and refused it. That seems a little excessive to me.


“This is not something that you start and you stop,” he said. “We’re not weak,” he added, pointing to the union’s importance to the nation’s economy

At Port Houston, at least 50 workers started picketing around midnight local time carrying signs saying “No Work Without a Fair Contract.”

The U.S. Maritime Alliance, which represents the ports, said Monday evening that both sides had moved off of their previous wage offers. But no deal was reached.

The union’s opening offer in the talks was for a 77% pay raise over the six-year life of the contract, with President Harold Daggett saying it’s necessary to make up for inflation and years of small raises. ILA members make a base salary of about $81,000 per year, but some can pull in over $200,000 annually with large amounts of overtime.

Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages

The strike affecting 36 ports is the first by the union since 1977. The strike will likely have an almost immediate impact on supplies of perishable imports like bananas, for example.

apnews.com

 

[vad]

Have you guys seen what the union is asking for? A stop to automation of their jobs and a 77% raise over 6 years. They were offered 50% and refused it. That seems a little excessive to me.


“This is not something that you start and you stop,” he said. “We’re not weak,” he added, pointing to the union’s importance to the nation’s economy

At Port Houston, at least 50 workers started picketing around midnight local time carrying signs saying “No Work Without a Fair Contract.”

The U.S. Maritime Alliance, which represents the ports, said Monday evening that both sides had moved off of their previous wage offers. But no deal was reached.

The union’s opening offer in the talks was for a 77% pay raise over the six-year life of the contract, with President Harold Daggett saying it’s necessary to make up for inflation and years of small raises. ILA members make a base salary of about $81,000 per year, but some can pull in over $200,000 annually with large amounts of overtime.

Dockworkers at ports from Maine to Texas go on strike, a standoff risking new shortages

The strike affecting 36 ports is the first by the union since 1977. The strike will likely have an almost immediate impact on supplies of perishable imports like bananas, for example.

apnews.com

81k in coastal cities is barely a liveable wage these days. Getting fucked on raises is something most industries have seen for a half decade now, all while everything continues to become more expensive. A guy should not have to work five 12's to get by. So maybe he has ground to apply this leverage.

 

[vad]

Guy is a selfish dick head whose union makes its money carting around cheap Chinese shit. Great timing for the rest of us, asshole. Fuck all unions.

What's the alternative to them though? I think it's greedy C-suite finance bros offshoring and backfilling with illegals. Which is definitely worse.

 

[kvr28]

81k in coastal cities is barely a liveable wage these days. Getting fucked on raises is something most industries have seen for a half decade now, all while everything continues to become more expensive. A guy should not have to work five 12's to get by. So maybe he has ground to apply this leverage.

I get what you are saying but NYPD starts at mid 50's which in NYC is insane for a livable wage. I get it but some of these jobs have a steep entrance fee which is the starting pay. With time on they are well compensated and protected by the unions.