The longshoremen's union suspended its strike after reaching a tentative agreement with port employers, resulting in a 62% wage increase over six years.
The strike was the first full-scale stoppage at East and Gulf Coast ports since 1977, heavily impacting the shipping industry.
Labor experts noted the I.L.A. has more leverage in negotiations compared to other unions, as a strike directly impacts shipping facilities without alternatives.
Analysts believe that even with the strike, consumer prices are unlikely to rise as businesses preemptively adjusted their shipments to mitigate disruptions.
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