As the nation's retailers, manufacturers and farmers brace for possible port closures, the...
Dec 24 2012, 14:57 ET
As the nation's retailers, manufacturers and farmers brace for possible port closures, the International Longshoremen's Association is facing its first strike in over 35 years. The standoff is boiling down to a test of wills between some of the world's biggest cargo operators and one of the nation's strongest labor unions. "The shipping industry is trying to take back some of the power," says economist John Husing, "but they are up against a union that has abnormal power for its size and one that is in a very strong position."