"This is a six-year détente in the tech-versus-labor tug-of-war at U.S. ports," said Judah Levine, head of research at Freightos.
Father-and-son ILA leaders Harold and Dennis Daggett late on Wednesday called Trump a hero to the union and gave him "full credit" for the resolution of talks.
The employer group, which includes Maersk's APM Terminals and the U.S. arms of major container carriers such as China's COSCO Shipping, said the agreement came "thanks in large part to President Trump's leadership."
"I've studied automation and know just about everything there is to know about it. The amount of money saved is nowhere near the distress, hurt and harm it causes for American Workers," Trump wrote.
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