Industries

Dockworkers at seaports on the East and Gulf Coasts went on strike Tuesday after negotiations with port employers over a new contract remained at an impasse.

Dockworkers at ports along the East and Gulf coasts from Maine to Texas are on strike, raising questions about whether West Coast ports can absorb stalled shipments.

Some U.S. consumers have begun to "stock up as much" as possible, while others are "not prepared" for likely inventory shortages and price pressures from the looming port strikes.

Three dozen ports along the East and Gulf coasts are facing a potential work stoppage as the deadline for a new contract between port employers and dockworkers nears.

If approved, San Jose, California will become the first U.S. city to have six Costco locations. The city's city council will take up the project on Oct. 22.

Toyota recently announced that it was recalling some of the Corolla Cross Hybrid automobiles over a braking issue. The recall pertains to 2023-2024 Corolla Cross Hybrid models.

Experts warn that consumers will run into issues over the coming months if port workers strike next week. It will limit supplies and boost prices, they say.

Port employers met with White House officials Friday as negotiations with the union representing East Coast and Gulf Coast dockworkers are at an impasse with a potential strike looming.

Medical professionals are sounding the alarm over the potential impact prolonged port strikes along the East and Gulf coasts can have on medical supplies.

Costco CEO Ron Vachris explained the benefits of the company's new membership card scanners in U.S. stores during the retailer's latest earnings call, and said customers see the pluses.