US port workers and operators reach deal to end East Coast strike immediately, union says

The three-day longshoreman strike that spiked panic in the US over potential supply chain issues is set to end immediately as dock workers and port operators reached a tentative deal, the union representing the workers and the US Maritime Alliance said Thursday.

Members of the International Longshoremen’s Association union will see an approximately 62% wage hike under the new deal, a source told Reuters. -- More...