Dock Workers End Three-Day Strike with Wage Deal

The International Longshoremen’s Association (ILA) ended a major three-day strike affecting 36 ports from Maine to Texas after reaching a tentative agreement with the United States Maritime Alliance (USMX). This strike, the first since 1977, was initiated over demands for a 77% wage increase, with the union securing a 62% wage hike over six years. The strike threatened significant supply chain disruptions, notably affecting vehicle imports and auto parts deliveries, with costs estimated at $500 million per day nationwide if it continued. The agreement extends the current contract until January 15, 2025, allowing for continued negotiations on unresolved issues such as automation. The strike highlighted vulnerabilities in the supply chain. The Biden administration, which supported the union, played a role in urging a resolution to avoid further economic impact.