If the strike continues toward the end of the year, a credit rating downgrade is more likely, according to S&P. 

Artificial intelligence has the power to transform manufacturing — but the industry’s current strategy for implementing it is “deeply flawed.”

While the ILA and USMX found common ground on wages, the remaining issues may prove to be thornier ones.

The ILA has said that the most recent offer from the USMX "fails to address the demands of our members adequately."

Even if the dispute between the ILA and USMX is resolved quickly, the battle over automation at U.S. ports is set to rage on for a good long while to come.

Alternative East Coast ports — including Montreal, where half of the terminals are shut down by a strike — will not be able to handle large scale diversions.

The union recently claimed that carriers "are gouging their customers," alleging that it now costs $30,000 to ship a single container. Not so, says freight rate analytics company, Xeneta.

The strike affects ports with the combined capacity to handle as much as half of all U.S. trade volumes.

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