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East and Gulf Coast Port Strike – Part 2

Back in October, when the East and Gulf coast port strike ended after 3 days, we knew there would be a part 2. Short though it was, the strike is estimated to have cost the U.S. economy $3.8 - 5 Billion per day, but that wasn't seen as the greatest 'cost' at the time. With the Presidential campaign in full swing, all eyes were on the impact it might have on the candidates' relative popularity.

Now that the members of the International Longshoremen's Association (ILA) have ratified the deal negotiated with the United States Maritime Alliance (USMX), we can look at that deal and the impact it…

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