Looming Longshoremen’s Strike Raises Alarms

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By Trey Thoelcke Published
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A strike by the The International Longshoremen’s Association’s (ILA), which would begin Sunday, appears very likely. A number of companies that rely on the ports for their inventory have expressed alarm.

Matthew Shay, the president and CEO of the National Retail Federation, recently wrote to several members of Congress and the Obama Administration:

We cannot afford further supply chain disruptions as we enter 2013. The two sides must remain at the negotiating table until a deal is reached. We fully believe the two sides can reach an agreement that will ensure the continued competitiveness of these ports for the foreseeable future.

At this point, however, we believe that a strike will only be averted through immediate intervention by the administration. Allowing a strike to occur for even one day could have a negative impact on all of those downstream businesses and employees who rely on the ports. The U.S. economy cannot afford to wait for a strike to occur before we see administration action. We urge you to get engaged now with these parties to ensure a strike does not occur.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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