Port strike looms on Va. economy

NORFOLK, Va. (WAVY) - A port strike may be looming for Virginia after talks between the International Longshoremen's Association and the U. S. Maritime Alliance fell through.

While port managers say they are getting as much cargo through the ports as possible before the October 1 strike deadline, there could be significant economic impact if a strike were to happen.

"It could cost us more for products in the stores because of the lack of sale if the supplies are disrupted," Old Dominion University economist Dr. Vinod Agarwal said.

Labor could also feel an effect.

"You will see for example some individuals laid off, some individuals will have shorter hours to work. But I think you'll see a compensating factor in the sense the month of September there should be longer hours," Agarwal said.

Agarwal said September is normally a peak season for overseas shipments.