A weekend deal between longshoremen and the U.S. Maritime Alliance (representing shipping...

|By:, SA News Editor

A weekend deal between longshoremen and the U.S. Maritime Alliance (representing shipping companies and port associations in the East and Gulf coasts) will avert a strike that would cost the economy $1B/day and spur shortages of consumer goods. The largest port involved was the Port of New York and New Jersey; the dispute centered on container royalties shared between shippers and union members.