In just a few days, a walkout by thousands of dock workers could bring commerce to a near standstill at every major port from Boston to Houston, potentially delivering a big blow to retailers and manufacturers still struggling to find their footing in a weak economy.
More than 14,000 longshoremen are threatening to go on strike Sunday - a wide-ranging work stoppage that would immediately close cargo ports on the East Coast and the Gulf of Mexico to container ships.
The master contract between the International Longshoremen's Association and the U.S. Maritime Alliance, a group representing shipping lines, terminal operators and port associations, expired in September. The two sides agreed to extend it once already, for 90 days, but they have so far balked at extending it again when it expires at 12:01 a.m. Sunday.
The union said its members would agree to an extension only if the Maritime Alliance dropped a proposal to freeze the royalties workers get for every container they unload. The Alliance has argued that the longshoremen, who it said earn an average $124,138 per year in wages and benefits, are compensated well enough already.
Read more @: Unionized dock workers threaten to strike at 15 ports - CBS News