US Dockworkers Suspend Three-Day Strike After Contract Extension

(Bloomberg) --

US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and threatened to become a factor in the presidential election.

The International Longshoremen’s Association and the US Maritime Association extended their previous contract through Jan. 15, the two groups said in a joint statement Thursday. Work will restart Friday morning and the two sides will restart negotiations on a long-term agreement, which will include a pay increase of about 62%.  

Fears of a sustained emergency swelled through the week, with analysts and industry officials warning that the disruption would quickly e...
[Short citation of 8% of the original article]