The US ports strike that shut down shipping on the east and Gulf coasts for three days came to an end on Thursday after dock workers and port operators reached an agreement for a wage hike.
The International Longshoremen’s Association announced that the union agreed to a tentative deal with the United States Maritime Alliance on wages and will extend the contract through January 2025. Work would resume immediately, the union said.
The tentative agreement is for a wage hike of around 62%, a source familiar with the matter told Reuters. Both sides said in a statement that they would return to the bargaining table to negotiate all outstanding issues in January.
More details soon …