US Dockworkers' Strike Ends With Wage Deal, Contract Extended Until January 15, 2025 For Both Sides To Negotiate

Benzinga

The International Longshoremen's Association and the U.S. Maritime Alliance have tentatively agreed on wages, ending a week-long strike affecting East Coast and Gulf Coast ports. The strike was the first by the ILA in over four decades and disrupted the U.S. supply chain, stranding billions in goods offshore and raising shipping costs. The tentative deal extends the current contract through January 15, 2025, giving both sides time to address unresolved issues such as wages and port automation.

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00:00It's Benzinga, and here's what's on the block.

00:02The International Longshoremen's Association and the U.S. Maritime Alliance have reached

00:07a tentative agreement on wages, ending a week-long strike affecting East Coast and Gulf Coast

00:12ports.

00:13The strike was the first by the ILA in over four decades and disrupted the U.S. supply

00:17chain, stranding billions in goods offshore and raising shipping costs.

00:22The tentative deal extends the current contract through January 15, 2025, giving both sides

00:27time to address unresolved issues such as wages and port automation.

00:31For all things money, visit Benzinga.com.

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