US port strike: GM, Walmart, LG top importers at impacted ports
United Refining Company and Red Apple Group Chairman & CEO John Catsimitidis discusses Bidens non-intervention in the port strikes and explains how it will spike inflation and raise food and oil prices.
The ongoing union dockworkers' strike has left several U.S. ports on the East and Gulf coasts at a standstill for days, halting trade at the hubs that collectively handle about half of U.S. imports.
Major retail and business associations are sounding the alarm over the impact the work stoppage could have on the broader economy, and new data shows which companies have shipped the most goods into the affected ports over the past year.
Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas, on October 1, 2024. (MARK FELIX/AFP via Getty Images / Getty Images)
According to the latest data from ImportGenius shared with FOX Business on Wednesday night, here are the companies that imported the most volume into East Coast and Gulf Coast ports from September 2023 to September 2024, by TEUs (Twenty-Foot Equivalent Units):
The General Motors world headquarters office is seen at Detroit's Renaissance Center. The Detroit automaker is the largest importer at the US ports impacted by the dockworkers' strike, according to ImportGenius data. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images)
General Motors Co.
Walmart, the world's largest retailer, has imported the second-highest volume of goods to America's East Coast and Gulf Coast ports over the past year, according to ImportGenius data. ( by Jakub Porzycki/NurPhoto via Getty Images / Getty Images)
Walmart, Inc.
ImportGenius noted that these are «at least» estimates, saying the actual numbers are almost certainly higher, but companies
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