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Days after tens of thousands of longshoreman along the East and Gulf Coasts walked out, their union and their bosses reached a tentative agreement on wages.
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The International Longshoremen's Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.
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Biden helped end the dockers strike by saying reopening the ports to help Hurricane Helene victims would be patriotic FortuneThe port strike is over. Here's what happens next CNNPort Workers Get a Raise. Now Comes the Hard Part. BloombergOpinion | On the Waterfront, the Sequel The Wall Street Journal
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The strike that snarled East Coast and Gulf Coast ports is suspended. The dockworkers' union and the ocean carriers and port operators reached a tentative agreement -- ending the three-day standoff.
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The end of the port strike that shut down shipping on the East and Gulf coasts after three days comes as a relief to the auto industry, which had feared supply bottlenecks that could last months.
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Striking dockworkers reached a tentative agreement with port operators on Thursday for a 62 percent wage increase and have extended their contract through Jan. 15 to bargain over remaining issues.
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