Friday,  December 28, 2012 • Vol. 13--No. 162 • 30 of 32 •  Other Editions

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Time running out for new contract to avert longshoremen's strike that could cripple ports

• NEW YORK (AP) -- Shipments of products as varied as flat-screen TVs, sneakers and snow shovels could sit idle at sea or get rerouted, at great time and expense, if more than 14,000 longshoremen go on strike as threatened -- a wide-ranging work stoppage that would immediately close cargo ports on the East Coast and the Gulf of Mexico to container ships.
• Commerce could be brought to a near standstill at major ports from Boston to Houston if the strike takes place on Sunday, potentially delivering a big blow to retailers and manufacturers still struggling to find their footing in a weak economy.
• "If the port shuts down, nothing moves in or out," said Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation. And when the workers do return, "it's going to take time to clear out that backlog, and we don't know how long that it's going to take."
• The 15 ports involved in the labor dispute move more than 100 million tons of goods each year, or about 40 percent of the nation's containerized cargo traffic. Losing them to a shutdown, even for a few days, could cost the economy billions of dollars.
• In addition to transporting goods, U.S. factories also rely on container ships for parts and raw materials, meaning supply lines for all sorts of products could be squeezed.

Today in History
The Associated Press

• Today is Friday, Dec. 28, the 363rd day of 2012. There are three days left in the year.

• Today's Highlight in History:
• On Dec. 28, 1912, San Francisco's Municipal Railway began operations with Mayor James Rolph Jr. at the controls of Streetcar No. 1 as 50,000 spectators looked on.

• On this date:

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