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The Wall Street Publication > Blog > Economy > Looming port strike by the numbers: New York, Savannah, Baltimore anticipated to see disruptions
Economy

Looming port strike by the numbers: New York, Savannah, Baltimore anticipated to see disruptions

Editorial Board Published September 30, 2024
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Looming port strike by the numbers: New York, Savannah, Baltimore anticipated to see disruptions
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Port of Los Angeles govt director Gene Seroka discusses the important thing problems with the upcoming ports strike on ‘Cavuto: Coast to Coast.’

Three dozen ports alongside the East and Gulf coasts are going through a possible work stoppage because the deadline for a brand new contract between port employers and dockworkers edges nearer.

Tens of hundreds of dockworkers represented by the Worldwide Longshoremen’s Affiliation might stroll off the job and start hanging as quickly as Tuesday if the union and the U.S. Maritime Alliance don’t attain an settlement.

PORT STRIKE WILL BRING ANOTHER HIT TO FARMERS, SAYS FORMER TRUMP OFFICIAL

FOX Enterprise takes a more in-depth have a look at three main East Coast ports that will be affected by a piece stoppage.

Port of New York and New Jersey

Cars wait to be loaded onto ships on the Port Newark-Elizabeth Marine Terminal on July 23, 2023 in Newark, New Jersey. (Photograph by Gary Hershorn/Getty Photos)

The Port of New York and New Jersey is the biggest on the East Coast and third largest within the nation primarily based on cargo quantity. It has a complete of six terminals by way of which numerous forms of items transfer.

Greater than 7.8 million 20-foot equal models (TEUs) of cargo went by way of the Port of New York and New Jersey final yr. It moved about $271 billion value of products in 2022, in line with a port truth sheet.

A number of the prime imported commodities it handles embody furnishings, home equipment, plastics, drinks, spirits and vinegar, and electrical equipment and components, in line with a truth sheet. It additionally helps facilitate the exportation of enormous volumes of automobiles and components; wooden and wooden pulp; plastics and different items.

Port of Savannah Shipping containers and cranes at the Port of Savannah in Savannah, Georgia, US, on Saturday, Sept. 9, 2023. The US economy has been looking so solid lately that Federal Reserve officials will probably need to double their projection for growth in 2023 when they publish an updated outlook later this month. Photographer: Elijah Nouvelage/Bloomberg via Getty Images

Transport containers and cranes on the Port of Savannah in Savannah, Georgia, on Sept. 9, 2023. (Elijah Nouvelage/Bloomberg by way of Getty Photos / Getty Photos)

The Georgia Ports Authority has referred to as the Port of Savannah “home to the largest single-terminal container facility of its kind in North America.”

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In keeping with the Savannah Space Chamber of Commerce, it dealt with 22.1% of East Coast container commerce final yr. The Port of Savannah noticed 5.4 million TEUs undergo its services in fiscal 2023.

It has reported TEUs of three.68 million from the beginning of the yr by way of August. 

It options the largest refrigerated container import-export terminal within the Southeast, in line with the Savannah Space Chamber of Commerce.

Port of Baltimore Baltimore port dockworkers

Two dockworkers discuss subsequent to stacked containers on the Port of Baltimore in Baltimore on Oct. 14, 2021. (Photograph by JIM WATSON/AFP by way of Getty Photos / Getty Photos)

The Port of Baltimore has 5 public and 12 non-public terminals.

It noticed 1.1 million TEU containers in 2023, in line with a February press launch from the Maryland governor’s workplace.

The Port of Baltimore led U.S. ports in “handling automobiles, light trucks, farm and construction machinery, as well as imported sugar and gypsum” final yr, the Maryland State Archives mentioned. It additionally exported the second-largest quantity of coal.

LONGSHOREMEN UNION’S DEMAND FOR TOTAL BAN ON AUTOMATION QUESTIONED AS PORT STRIKE LOOMS

Greater than 847,000 vehicles and light-weight vans went by way of its terminals final yr.

The Maryland State Archives mentioned the Port of Baltimore was “within an overnight drive of one-third of the nation’s population.”

Maryland has estimated that the port and its operations convey $70.28 billion in financial worth to the state.

TAGGED:BaltimoredisruptionsexpectedloomingnumbersPortSavannahstrikeYork
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