Labor deal reached, ending West Coast port chaos.

The Pacific Maritime Association and the International Longshore and Warehouse Union have reached a tentative agreement on a new six-year contract, averting potential disruptions to the supply chain during peak season. The deal comes after months of negotiations and work disruptions affecting ship schedules and container dwell times. The agreement is subject to ratification by both parties, and no details have been released. The Port of Los Angeles is currently operating at about 70% of capacity, with volumes to the West Coast rising in line with pre-pandemic patterns.