FedEx deploys contingency plans as port workers strike

foxbusiness.com:

Nicholas Wealth Management CEO David Nicholas explains how the port strike could affect the stock market and overall economy on Varney & Co.

The union dockworkers strike that began early Tuesday impacting dozens of U.S. ports has triggered shipping giant FedEx to launch contingency plans aimed at minimizing disruptions in shipments.

«We are using our vast network capabilities and supply chain expertise to activate contingency plans and provide support for those affected by this situation,» a FedEx spokesperson told FOX Business. «Our top priority is to maintain the excellent service our customers expect, and the FedEx team stands ready to assist.»

FedEx has launched contingency plans amid a union dockworkers strike impacting several US ports. (REUTERS/Charles Platiau / Reuters Photos)

FedEx Corp.

The spokesperson added that any customers with questions about shipments or those seeking to transport shipments via Air Freight are urged to go on the company's website or contact their FedEx sales representative.

Unionized dockworkers at 36 East and Gulf Coast ports went on strike after midnight amid an impasse in negotiations over a new contract with a group representing port employers.

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The International Longshoremen's Association (ILA), which represents 45,000 dockworkers, began its first strike since 1977 after its six-year contract with the U.S. Maritime Alliance (USMX), which represents port employers, expired Monday night.

Negotiations between the ILA and USMX have been deadlocked thus far over the union's demands related to wage hikes and compensation, as well as protection from automation at ports. 

Port employers and