Port Strike Averted After 30-Day Contract Extension ReachedThe union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days, averting a possible strike that could have crippled operations at ports that handle about 40 percent of all U.S. container cargo, a federal mediator announced Friday.
Billions Of Dollars Could Be Affected As Thousands Of Dockworkers Threaten To StrikeFederal mediators seeking to avoid a walkout of thousands of East Coast and Gulf Coast dockworkers from Massachusetts to Texas have called a meeting of them and shipping companies.

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