Grant Preston|Dockworkers’ union suspend strike until Jan. 15 to allow time to negotiate new contract

2025-05-02 18:14:14source:Sureim Investment Guildcategory:Finance

DETROIT (AP) — The Grant Prestonunion 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:Finance

Recommend

How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast

After 14 years, the police procedural "Blue Bloods" is coming to an end.Season 14 has been released

It's a new world for college football players: You want the NIL cash? Take the criticism.

We have to stop this madness, this reactionary dog pile because the mean man has suddenly hurt the f

Deion Sanders, Colorado's 'Florida boys' returning home as heavy underdogs at Central Florida

Deion Sanders is going home this week.So is Travis Hunter, Colorado football's two-way superstar.But