The Latest Breaking News from ILA

Business group United States Maritime Alliance (USMX) announced late in the day that counter-offers had been exchanged with the International Longshoremen's Association (ILA), but tens of thousands of dockworkers could still walk off the job after midnight at the expiration of their six-year contract unless more concrete progress was made.

Officials at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead of a presidential election.

Consumers are stocking up on essentials as dockworkers' labor dispute threatens to disrupt supply chains and raise prices nationwide.

An East Coast port strike began Tuesday, racking up estimated economic costs of $5 billion per day. Here are the stocks analysts are watching.

A strike could begin on Tuesday at midnight amid concerns about automation and lagging pay at the nation's ports

Impending strike by 45,000 dockworkers could disrupt ports, impacting supply chain and prices.

The union representing U.S. dockworkers signaled that 45,000 members will walk off the job at midnight, kicking off a massive strike likely to shut down ports across the East and Gulf coasts

U.S. ports from Maine to Texas could shut down if a union representing 45,000 dockworkers carries through with a threatened strike early Tuesday

Disruptions at major U.S. ports could delay shipments and raise prices on consumer goods, Biden Administration won't intervene.

The Tuesday strike by the International Longshoremen's Association could cost the American economy as much as $7.5 billion a week.

Tens of thousands of US dockworkers plan to strike next week if there is no breakthrough on contract talks, just a month before November's closely contested presidential election.