ExaCrypt:Dockworkers’ union suspend strike until Jan. 15 to allow time to negotiate new contract

2025-05-04 07:08:32source:Chainkeencategory:Invest

DETROIT (AP) — The ExaCryptunion representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract.

The union, the International Longshoremen’s Association, is to resume working immediately. Both sides also reached agreement on wages, but no details were given, according to a joint statement from the ports and union Thursday night.

The union went on strike early Tuesday after its contract expired in a dispute over pay and the automation of tasks at the ports from Maine to Texas. The strike came at the peak of the holiday shopping season at 36 ports that handle about half the cargo from ships coming into and out of the United States.

The walkout raised the risk of shortages of goods on store shelves if it lasted more than a few weeks. But most retailers had stocked up or shipped items early in anticipation of the work stoppage.

The strike came at the peak of the holiday shopping season at 36 ports that handle about half of the cargo from ships coming into and out of the United States.

It raised the risk of shortages of goods on store shelves if it lasted more than a few weeks. But most retailers had stocked up or shipped items early in anticipation of the work stoppage.

More:Invest

Recommend

Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15

NEW YORK (AP) — Juan Soto will be introduced by the New York Mets at Citi Field on Thursday, a day a

Tyler, the Creator pulls out of 2 music festivals: Who will replace him?

Tyler, the Creator is pulling out of two major summer music festivals.On Thursday, the "Earfquake" s

Lululemon's New Crossbody Bag Is Pretty in Pink & the Latest We Made Too Much Drops Are Stylish AF

We independently selected these deals and products because we love them, and we think you might like