Trade groups and industry leaders were at ease after the International Longshoremen’s Association the United States Maritime Alliance reached a tentative agreement on a six-year contract for East and Gulf Coast port workers on Wednesday.

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on a new six-year master contract. The agreement will replace the expiring contract

Dockworkers tentatively agree to a new deal, preventing a potential port strike that may have snarled supply chains, created shortages and inflation.

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

President and CEO Dan Halstrom issued the following statement: “This tentative contract agreement is great news for red meat exporters and for all of U.S. agriculture. The assurance that there will be no work stoppage at East and Gulf Coast ports eliminates a cloud of uncertainty and bolsters the U.

The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) reached a tentative agreement on the afternoon of January 8.

The Shippers Coalition urged both parties to consider a contract extension if an agreement is not reached by the deadline to avoid long-term consequences for retailers and consumers.

The United States Maritime Alliance and the International Longshoremen's Association reached a deal on a contract Wednesday night, avoiding a strike that could have closed ports up and down the East Coast and crippled the U.

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.