Asian Shipping Stocks Fall After U.S. Port Workers Suspend Strike
Shares of Asian shipping companies fell sharply after U.S. port workers suspended a three-day strike, dashing hopes for higher freight rates as a result of limited supply.
US port strike ends, but clearing long ship queues will take time
U.S. East Coast and Gulf Coast ports began reopening on Thursday night after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century,
These consumer-staples stocks could take a hit from the port strike
The U.S. port strike, which is now in its third day, could impact a host of consumer-staples companies spanning whiskey, fruit, pasta sauce and beauty products, according to Bank of America. The strike by the International Longshoremen’s Association has shut down ports from Maine to Texas and has also thrust U.
The biggest stock market winners and losers of the US port strike
"The longer this goes, the more the impact scales, and really it starts to scale exponentially," Stifel analyst Bruce Chan said of the port strike.
Shipping stocks slide after US port strike ends
Shares in shipping companies fell heavily across Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf coast docks far sooner than expected.
Port Strike Impact: Key Stocks And Sectors At Risk
A potential port strike threatens supply chain disruptions with possible repercussions for automakers, produce, retail, and transportation. Click here to learn more.
With port strike in its third day, consumer-staples stocks and retailers are in the spotlight
The strike that has shut U.S. East Coast and Gulf ports could impact a number of names in the consumer-staples space, warns Bank of America. A protracted strike could see companies such as Brown-Forman Corp.
US stocks fall on Middle East tensions, port strike
Dow Jones Industrial Average finishes at 42,156.97, down 0.4 per cent but about 200 points above its session lows. Read more at straitstimes.com.
These products will be most affected by port strike. Here's what to stock up on in Nevada
Dockworkers at some US shipping ports are on strike, impacting goods from produce to cars. Here's what Nevada shoppers should stock up on.
This rail stock could benefit from port strike, analysts say
Union Pacific] stands to benefit in the near-term from an elongated East/Gulf Coast port strike that has driven intermodal volumes West,” T.D. Cowen analyst Jason Seidl said
These products will be most affected by port strike. Here's what to stock up on in Arizona
Dockworkers at some US shipping ports are on strike, impacting goods from produce to cars. Here's what Arizona shoppers should stock up on.
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Port strike spurs TP panic run in parts of NJ. But where is most toilet paper made?
A spot check showed some NJ supermarkets had plenty of toilet paper, but others had lower supplies. 90% of American toilet ...