Dockworkers tentatively agree to a new deal, preventing a potential port strike that may have snarled supply chains, created shortages and inflation.

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have reached a tentative agreement on a new six-year master contract. The agreement will replace the expiring contract

President and CEO Dan Halstrom issued the following statement: “This tentative contract agreement is great news for red meat exporters and for all of U.S. agriculture. The assurance that there will be no work stoppage at East and Gulf Coast ports eliminates a cloud of uncertainty and bolsters the U.