Ports on the East and Gulf coasts reopened after employers, represented by the United States Maritime Alliance offered a 62% wage increase over six years against the International Longshoremen’s Association demand of 77%. Both sides agreed to extend the expired contract until Jan. 15 while they return to the bargaining table to negotiate over the remaining issues. President Biden commended the deal, which the White House was deeply involved in: White House chief of staff Jeff Zients convened a virtual meeting with foreign shippers at 5:30am Thursday morning to up the pressure. Thanks Joe