U.S. dockworkers agreed to return to work after port operators sweetened their contract offer, ending a three-day strike that threatened to disrupt the American economy. The breakthrough Thursday came after port employers offered a 62% increase in wages over six years,

Both sides said in a statement that they would extend their master contract until January 15, 2025 to return to the bargaining table to negotiate all outstanding issues.

The International Longshoremen’s Association (ILA) union and the U.S. Maritime Alliance (USMX), an association of companies that operate East and Gulf Coast ports, reached a tentative agreement Thursday to end a two-day strike.