A major union for U.S. dockworkers and the United States Maritime Alliance have agreed to a tentative deal on wages and have extended their existing contract through Jan. 15 to provide time to negotiate a new contract.
The move ends a strike that had snarled East Coast and Gulf Coast ports since the beginning of the week and threatened U.S. supply of fruits, automobiles, and other goods.
During the week, the strike had already started to stress the U.S. supply chain.
The strike was the first by the ILA since 1977, and it impacted operations at 14 different ports.
About 50,000 of the union's 85,000 members were on strike this week.
Persons:
Harold Daggett
Organizations:
U.S, dockworkers, United States Maritime Alliance, Longshoremen's Association, Ltd, CNBC, Shipping, ILA
Locations:
East Coast, Gulf Coast, U.S