Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Dockworkers union, port companies reach tentative 6-year deal

by admin January 10, 2025
January 10, 2025
Dockworkers union, port companies reach tentative 6-year deal

Tens of thousands of dockworkers reached a tentative agreement Wednesday on a new, six-year contract with the U.S. Maritime Alliance, which represents 14 major ports from Boston to Miami and along the Gulf Coast from Mobile, Alabama, to Houston.

Both sides say the tentative agreement will avoid a looming strike at midnight Jan. 15. “We are pleased to announce that ILA and USMX have reached a tentative agreement on a new six-year ILA-USMX Master Contract, subject to ratification, thus averting any work stoppage,’ the parties announced in a news release.

“This agreement protects current ILA jobs and establishes a framework for implementing technologies that will create more jobs while modernizing East and Gulf coasts ports — making them safer and more efficient, and creating the capacity they need to keep our supply chains strong.’

The primary sticking point in talks between the International Longshoremen’s Association and the Maritime Alliance was automation. ILA President Harold Daggett repeatedly promised dockworkers there would be no automation or semi-automated terminals. ‘I’m going to save everybody’s job when it comes to the ILA. … I’ll shut them down throughout the world.’

The Maritime Alliance has said it was not seeking to implement automation to replace workers.

“What we need is continued modernization that is essential to improve worker safety, increase efficiency in a way that protects and grows jobs, keeps supply chains strong, and increases capacity that will financially benefit American businesses and workers alike,’ it said in November.

The tentative agreement caps months of back-and-forth between the workers and the ports. In September, at least 14 ports across the East Coast shut down for days, stranding billions of dollars in goods. A strike could have exposed the U.S. economy to as much as $4.5 billion of impact per week, according to an estimate last year from J.P. Morgan.

The union says details of the agreement will not be released until rank-and-file workers are able to review it.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Disney says about 157 million global users are streaming content with ads
next post
Tariff threat looms over the year’s biggest electronics show

Related Posts

Key fed inflation gauge cools to its slowest...

June 29, 2024

Musk says time commitment to DOGE will ‘drop...

April 24, 2025

Nvidia’s CEO did a Q&A with analysts. What...

March 24, 2025

China opens probe into Nvidia, accusing company of...

December 11, 2024

Fox streaming service to be called Fox One,...

May 13, 2025

65-year-old quit his job and emptied his life...

July 18, 2024

Target will stop accepting personal checks

July 9, 2024

China outlines more controls on exports of rare...

October 11, 2025

Trump signs executive order to end collective bargaining...

March 29, 2025

How the Olympics helped transform Salt Lake City...

December 12, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • 3 key takeaways from Trump’s push to put US oil firms back in Venezuela

      January 6, 2026
    • Trump admin asks Boasberg for more time to detail CECOT plans after Maduro ouster

      January 6, 2026
    • Walz decision to exit governor race intensifies calls from GOP lawmakers for his resignation: ‘Easy way out’

      January 6, 2026
    • Trump flips Democrats’ ‘no one is above the law’ mantra after Walz drops re-election bid

      January 6, 2026
    • Florida GOP lawmaker blasts Democrats’ Venezuela response as ‘Trump Derangement Syndrome’

      January 6, 2026

    Categories

    • Business (1,144)
    • Investing (3,814)
    • Politics (4,654)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved