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As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential no ....
The leader of its lebanese group has been killed by israeli Air Strikes in southern lebanon. With me is our security correspondent, gordon corera. First of all, lets talk about the intelligence aspect, from Israels Point of view they seem to have had a string of stunning successes. Where are they getting their intelligence from . It they getting their intelligence from . from . It is a contrast to the lack of intelligence from . It is a contrast to the lack of intelligence they from . It is a contrast to the I Lack of intelligence they had about hamas and its attacks near lay year ago. Israel in 2006 invaded lebanon and got stuck and got caught by surprise. I think by the strength of resistance it ....
He said, their moment of freedom, would come a lot sooner than people think. More on that in a moment. 0n Lebanon Israels Defence Minister said they were ready to use forces from air, Sea And Land to achieve its objectives against hezbollah to achieve its objectives against hezbollah to ensure people whod to ensure people whod evacuated their homes evacuated their homes in northern israel, in northern israel, were safe to return. Were safe to return. He told the troops, he told the troops, you are part of this effort. You are part of this effort. Hezbollah s deputy hezbollah s Deputy Leader has insisted that the group is ready leader has insisted that the group is ready if israel decides if israel decides t ....
Heavy equipment, agricultural products and pharmaceuticals. The ports account for more than half of container imports. Consumers are not likely to feel the effect right away and many businesses have tried to get ahead of this by stockpiling or diverting shipments to the West Coast and i spoke to the ceo of The Port of long beach and he said they had a record august but having said that, if the strikes go ahead and last for weeks, they could lead to shortages and high prices for consumers. Who; high prices for consumers. Why are we in high prices for consumers. Why are we in this high prices for consumers. Why are we in this position . The entire east Coast Port Infrastructure could be shut down by this . Why have the talks broken down . The dock Workers Union talks broken down . The dock Workers Union have talks broken down . The dock Workers Union have been talks brok ....