Thousands of dockworkers on the East Coast and Gulf Coast will return to work after reaching a tentative agreement on wages, ending one of the biggest work stoppages in decades.

The most recent 6-year agreement covering ILA port workers employed in container and roll-on/roll-off operations at ports on the U.S. East and Gulf Coasts ran from October 1, 2018 through September 30, 2024.

Longshoremen are on strike, shutting down East, Gulf ports. Economic losses of $5 billion per day can mean shortages, inflation and layoffs.

Importers and exporters are breathing a sigh of relief. A strike that closed 36 East Coast and Gulf Coast ports has been suspended until January. Members o

A massive port strike up the East Coast that began on Tuesday has the potential to become one of America’s most disruptive work stoppages in recent times.

U.S. ports reopened after dockworkers agreed to return to work, ending a three-day strike that threatened to disrupt the American economy just weeks ahead of the presidential election. The breakthrough Thursday came after port employers offered a 62% increase in wages over six years,

East Coast and Gulf Coast ports began reopening after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century.

A 63 percent wage increase for East and Gulf Coast longshoremen helped halt the walkout, which threatened to damage the national economy had it continued.