LA, Long Beach Ports to Resume Operations After Strike

May have cost $8 billion in lost revenue

The United States' largest cargo shipping complex was set to resume full operations on Wednesday after harbor clerks and management settled an eight-day strike that left the ports of Los Angeles and Long Beach mostly idle, sapping the region's economy of an estimated $8 billion.

The striking clerks reached a tentative contract deal with a group of shippers and terminal operators late Tuesday, with prodding from Los Angeles Mayor Antonio Villaraigosa, a onetime labor activist.