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The ILA and USMX reached a tentative deal on a new six-year contract for 45,000 dockworkers on the US East and Gulf Coasts, averting further strikes. The agreement includes a resolution on automation, the main sticking point.
Shipping executives and analysts had worried the parties would not reach agreement.
Averting the strike removes a supply-chain disruption risk for US containerized exports and imported feed inputs. Ratification is still required, so the price impact is modest but relevant for logistics costs.
reuters.comLisa BaertleinJan 9, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
