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CONTAINERS ON A DOCK AT THE PORT OF NEWARK, NEW JERSEY AWAIT SHIPS FOR TRANSPORT TO THEIR DESTINATION
The contract for dockworkers on the East Coast and the Gulf Coast has been extended for 30 days, averting, for now, a strike that could have begun Sunday:
Federal mediators announced Friday morning that a temporary deal had been reached between the International Longshoremen's Association and the United States Maritime Alliance.

The deal adds a 30-day extension to talks between the two parties, averting a shutdown at the ports that oversee 45 percent of commerce, according to a Bloomberg report. Now, the ILA and the USMA have until midnight on Jan. 28 to iron out their differences and come to a long-term deal.

That's not the only movement being reported:
Mediator: Maritime Alliance, Longshoreman's Association agree on container royalty issue, further negotiations on larger deal - @Reuters
@BreakingNews via breakingnews.com
If the latter report is correct, the two are likely related; Steven Greenhouse had reported that the president of the International Longshoremen's Association had previously refused a contract extension while the royalty issue remained a source of contention.

President Obama had urged a settlement, but stopped short of saying he would act to prevent a strike.

Originally posted to Daily Kos Labor on Fri Dec 28, 2012 at 09:10 AM PST.

Also republished by In Support of Labor and Unions and Daily Kos.

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