If the strike continues, cargo would have to be rerouted to ports on the U.S. West Coast or Canada, leading to higher costs and longer transit times, which could lead to higher prices for consumers, the newspaper said. Ta.
This could add to the woes of Indian exporters, who are already facing higher freight costs and delays due to disruptions to the Red Sea route. Both of these forces ships to take much longer routes, and this detour increases travel time and costs by a factor of 2.5 to 3, adding thousands of kilometers to transit time within the United States. said the paper.
Approximately 25,000 longshoremen on the U.S. East Coast and Gulf Coast have been on strike since October 1, with 14 major ports closed, including New York/New Jersey, Baltimore, Miami, and Houston.
The number of container ships waiting to unload has jumped from three to 45, according to a report, and the backlog could double by the end of this week and take weeks or even months to clear. There is sex. The strikes are costing the U.S. economy an estimated $4.5 billion to $7.5 billion each week.
Ajay Srivastava, founder of GTRI, said, “It has been less than 48 hours since the strike began, but it is already causing delays in the unloading and processing of consignments from India, including textiles, pharmaceuticals, auto parts, etc. Products are being affected.” The International Longshoremen’s Association (ILA) is calling for significant wage increases and a ban on automation, while the United States Maritime Union (USMX) is proposing a nearly 50% wage increase over six years. Negotiations are continuing, but no agreement has been reached. The US government is monitoring the situation but is not intervening.
