G.M. Strike's Economic Toll: Idle Trucks, Packed Warehouses
The truck drivers at Phoenix Transit & Logistics in Dearborn, Mich., are long gone. Around three dozen of the trailers they once ferried between auto plants packed with dashboards, engine components, lights and other parts for General Motors are sitting in a lot with nowhere to go.
Its an increasingly familiar scene as the strike against G.M. by the United Auto Workers enters its fourth week. From suppliers to shippers to restaurants, the impact of the work stoppage is spreading through the web of businesses whose fates are tied to the biggest American automaker.
Wael Tlaib, the owner of Phoenix Transit & Logistics, said he had laid off nearly his entire staff, including 80 drivers, and had dipped into his personal savings to keep his company afloat. I might lose the business next week, Mr. Tlaib said.
The most intense economic pain is being felt in the industrial Midwest, where G.M.s network of plants and suppliers is thickest. It is a difficult time for the regions manufacturing industry, which even before the strike was contending with slowing auto sales, a weakening global economy and the trade war.
Read more: https://www.nytimes.com/2019/10/08/business/economy/gm-strike-economy-impact.html