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.

Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the

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.S. economy.