Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the

Both parties said the deal "establishes a framework for implementing technologies that will create more jobs while modernizing" the ports.

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.

The head of the dockworkers union praised President-elect Trump for his support amid contract negotiations with port operators, particularly on the issue of automation. The International

The International Longshoremen's Association reached an agreement Wednesday on a new master labor contract with the United States Maritime Alliance, averting a strike at U.S. east coast and gulf coast ports.

The union representing 45,000 dock workers on the U.S. East and Gulf Coasts and their employers on Wednesday said they reached a tentative deal on a new six-year contract, averting further strikes that could have snarled supply chains and taken a toll on the U.

The US Maritime Alliance struck a six-year deal with shipping and port companies, averting a strike that would have crippled shipping.

U.S. dockworkers and shipping companies reached a tentative labor deal, capping a contentious contract battle that drew attention from President Biden and President-elect Donald Trump and averting a strike at major ports that threatened to rattle the U.