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Markets

U.S. port strike ends leaving cargo backlog

Tentative deal includes 62 per cent wage hike over six years

By David Shepardson, Dovinsola Oladipo, Reuters October 4, 2024
U.S. East Coast and Gulf Coast ports began reopening late on Thursday after dockworkers and port operators reached a wage deal to settle the industry's biggest work stoppage in nearly half a century, but clearing the cargo backlog will take time.

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