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.