US dockworkers reach deal to avert port strike

The International Longshoremen’s Association and the United States Maritime Alliance (USMX), which represents shipping companies, announced a tentative six-year agreement that still must be ratified by union members.

Info via Axios.

This looks like it’ll avoid a work stoppage that would have hit ports that account for around half of all containers into and out of the US.

This article was written by Eamonn Sheridan at www.forexlive.com.