Port Slowdown: Worrisome News for the Economy

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Since July, unionized dockworkers and shipping companies had been negotiating a new contract behind closed doors -- until a recent exchange of angry public accusations. Retailers, agricultural interests and others have warned President Obama about a slowdown at West Coast ports that could escalate into a strike or lockout, with tens of billions in economic losses. The Pacific Maritime Association says the International Longshore and Warehouse Union has orchestrated a slowdown at the Ports of Los Angeles and Long Beach. Today, there’s an added problem of a strike against two of the 1000 trucking firms that serve the Ports of Long Beach and Los Angeles.

Thanks to Sasa Woodruff for production assistance.

Credits

Guests:
Josh Eidelson - Bloomberg BusinessWeek - @josheidelson, Steve Getzug - Pacific Maritime Association - @smgetzug, Craig Merrilees - International Longshore and Warehouse Union (ILWU).

Host:
Warren Olney

Producers:
Saul Gonzalez, Claire Martin