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Longshoremen reach tentative agreement with ports, shippers, averting a potential strike

  • The International Longshoremen's Association reached a tentative six-year contract agreement with the United States Maritime Alliance, avoiding a potential strike on January 15.
  • The deal addresses automation issues and includes a 62% wage increase for longshoremen over the contract's duration.
  • Shipping industry executives were concerned about a work stoppage that could disrupt supply chains before President-elect Donald Trump's inauguration.
  • The agreement is seen as a win-win, protecting jobs while modernizing ports to enhance efficiency and safety, according to both parties.
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