$1billion loss per day..
And companies deciding to re-route shipping to other ports, NorCal and Mexico etc…
I would be surprised in the future if some of those companies end up not using LA/Long Beach again.. Wow. LA…what a cess-pool.
http://finance.yahoo.com/news/cargo-ships-stack-los-angeles-port-strike-seventh-212841738.html
The strike has prompted at least 11 freighters to change course and take their cargo to ports in Northern California, Mexico and Panama, according to the non-profit Maritime Exchange of Southern California, which tracks shipping in the region.
Another 11 ships were waiting at anchorages outside the Los Angeles-Long Beach complex, unable to discharge their cargo, said Dick McKenna, executive director of the Maritime Exchange.
“Shippers are a conservative bunch. If there is no reliability at the ports of Los Angeles and Long Beach, they’ll go someplace else,” said Steve Getzug, a spokesman for the Harbor Employers Association, representing shippers and terminal operators in the labor talks.
I think business should totally organize and boycott LA and Long Beach…
