
About 250 ILWU Local 26 watchmen at Los Angeles and Long Beach authorized a strike that could begin November 1. Their terminals handle about 85% of Long Beach's cargo and 33% of Los Angeles' cargo.
The strike could halt vessel, yard and gate work because other ILWU members are expected to honor picket lines, and 35,688 import containers were already waiting for rail.
A shutdown at the busiest US container complex would disrupt import and export flows and raise ocean freight costs. Feed importers and exporters through the Pacific gateway would face delays and higher costs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.