Paul Taggart/Bloomberg News
Port operators have reached a tentative deal on a new contract with the longshoremen’s union, averting a possible strike that would have crippled operations at 15 East Coast and Gulf Coast ports, the Associated Press reported.
The deal was announced late Friday in a statement from federal mediator George Cohen, director of the Federal Mediation and Conciliation Service, AP reported.
Cohen, who has been leading the talks since last year, said the agreement was subject to ratification by both parties and to additional local union negotiations, AP reported.
But he said that local talks would continue without the threat of interrupting port operations, while declining to offer any details on the deal, AP said.