and the U.S. Maritime Alliance have agreed to meet with a federal mediator before the expiration of the contract extension at midnight on Dec. 29.
Talks between the union representing nearly 15,000 dockworkers from Maine to Texas and the alliance representing shipping companies and port operators, stalled last week as both sides traded accusations. The union represents about 1,400 Baltimore longshoremen.
The major sticking point is a container royalty payment made to the union and its members based on the weight of cargo. The payment, currently worth about $15,000 to each member, was instituted 52 years ago to help workers make the transition to automation.
Management says the royalties amount to additional compensation and wants to cap payments at 2011 levels.
Union leadership says it will not negotiate any changes to the formula.
George Cohen, director of the Federal Mediation and Conciliation Service, said no additional information would be made available "due to the sensitive nature of the negotiations."