The Virginia Port Authority on Monday released its plan to stop cargo operations next week if a deal cannot be reached between the International Longshoremen’s Union and the United States Maritime

There is only one week left to fend off a major ports strike that could have a devastating impact on U.S. retailers just as they enter the most important time of year.

Major ports across the U.S. could shut down if a new agreement between the union that represents tens of thousands of longshoremen and shipping companies isn't reached by October. Tim McNicholas explains what a work stoppage could mean.