The International Longshoremen’s Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.

The International Longshoremen’s Association (ILA) union and the U.S. Maritime Alliance (USMX), an association of companies that operate East and Gulf Coast ports, reached a tentative agreement Thursday to end a two-day strike.

U.S. dockworkers agreed to return to work after port operators sweetened their contract offer, ending a three-day strike that threatened to disrupt the American economy. The breakthrough Thursday came after port employers offered a 62% increase in wages over six years,

The International Longshoremen’s Association has announced the end of its port strike. The end of the strike was confirmed by ILA Local 1422 President Charles Brave to Live 5 News. According to sources speaking with CNN and the Associated Press,

The union for striking dockworkers said Thursday evening they'll return to work at U.S. ports after reaching a tentative deal with the United States Maritime Alliance, ending three Why it matters: There were concerns that if the first port strike on the East Coast since 1977 had continued it could have hit supply chains and drive shortages and higher prices as the U.