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A port strike has thousands of dockworkers on the picket lines along the East and Gulf coasts , including New York and New Jersey.
Port of New York/New Jersey executives tell CNBC they are preparing for a complete work stoppage by the International Longshoremen's Association, the largest North American union for maritime workers.
The Port of New York and New Jersey (PNYNJ) has seen vacancy surge to 11.5 percent, a 630 basis point increase from 2023, according to a report from Cushman & Wakefield.
Beth Rooney, port director of the Port Authority of New York and New Jersey, said the busiest port on the Eastern seaboard is anticipating a shutdown.
Construction on the first phase of the new Port Authority Bus Terminal broke ground on Thursday.
The Port Authority of New York and New Jersey announced March 24 a long-term lease extension agreement with APM Terminals.
The Port of New York and New Jersey was preparing for an expected strike by the International Longshoremen’s Association, whose dockworkers were set to walk off the job at midnight. The strike ...
With dockworkers starting a strike Tuesday, causing most of the Port of New York and New Jersey to shut down, the supply chain for a wide array of products imported and exported through the port ...
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