The International Longshoremen’s Association (ILA), representing tens of thousands of dock workers, and the United States Maritime Alliance (USMX), representing ocean carriers, reached a tentative agreement on wage increases and have agreed to return to work as both sides continue negotiations on other matters.

“The International Longshoremen’s Association (ILA) and the United States Maritime Alliance, Ltd. (USMX) have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025, to return to the bargaining table to negotiate all other outstanding issues,” the ILA and USMX said in a joint statement on Thursday. “Effective immediately, all current job actions will cease, and all work covered by the Master Contract will resume.”

The agreement includes a 62 percent increase in base pay for workers over six years, up from a 50 percent increase that was offered earlier this week but lower than the 77 percent increase the ILA was seeking. The new base pay for ILA workers will be raised to $63 per hour, up from $39 per hour, over the life of the six-year contract.

The two sides will continue to negotiate on other issues as the new January 15, 2025 deadline approaches.

“I want to applaud the International Longshoremen’s Association (ILA) and the United States Maritime Alliance for coming together to reopen the East Coast and Gulf ports,” President Biden said in a statement. “Today’s tentative agreement on a record wage and an extension of the collective bargaining process represents critical progress towards a strong contract. I congratulate the dockworkers from the ILA, who deserve a strong contract after sacrificing so much to keep our ports open during the pandemic. And I applaud the port operators and carriers who are members of the US Maritime Alliance for working hard and putting a strong offer on the table.”

Vice President Kamala Harris’s statement can be found here.

Below are statements from the ports where available on their operating status: