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International Business Times

Business

Bruce Golding

US Eastern, Gulf Coast Ports Prepare For Shutdown Ahead Of Dockworkers' Strike

United States Gulf Economy ILA USMX

Cranes stand over a cargo ship at New Jersey's Port of Newark on March 26, 2024. (Credit: Spencer Platt/Getty Images)

U.S. port operators and shipping companies are preparing for an imminent strike by union dockworkers on the East and Gulf coasts that could cost the U.S. economy up to $7.5 billion a week.

The International Longshoremen's Association will officially go on strike Tuesday, Reuters reported Sunday.

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