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Labor Secretary Thomas Perez met both parties accompanied by a mediator from the Federal Mediation and Conciliation Service who has been assisting in the talks since early January.
The third-party logistics provider announced record results, including a 6.1 percent increase in net profits from 2013.
U.S. Labor Secretary Thomas Perez announced Friday night the dockworkers' union and its employers reached agreement on a new five-year contract.
On-time performance is being hampered by congestion at West Coast ports.
DHS funding crisis means the agency will have to focus resources on border security, cargo clearance
The revised agreement would allow collaboration on congestion, transportation infrastructure needs and pollution mitigation.