Both sides said in a statement that they would extend their master contract until January 15, 2025 to return to the bargaining table to negotiate all outstanding issues.

Longshore workers in the U.S. end a major work stoppage with a new agreement including a 62% wage hike over six years, raising hourly wages to $63. The strike, affecting 45,000 workers, halted operations at 36 ports and caused significant supply disruptions.

After a three-day strike that crippled East Coast and Gulf ports from Maine to Texas, U.S. dock workers are returning to their stations with a 62% pay increase.