The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

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

Dow closes at record high above 40,000 to...

May 19, 2024

Tokyo government to introduce four-day workweek for its...

December 11, 2024

Fed minutes point to ‘likely’ rate cut coming...

August 23, 2024

Fintech company Chime files for Nasdaq IPO

May 14, 2025

Spirit Airlines, fresh from bankruptcy, is ready to...

March 14, 2025

Klarna lands buy now, pay later deal with...

March 21, 2025

Judge temporarily blocks sports streaming service owned by...

August 18, 2024

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Procter & Gamble to cut 7,000 jobs as...

June 10, 2025

Trump’s tariff threats send U.S. companies scrambling for...

November 14, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      December 11, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      December 11, 2025
    • Senate GOP barrels past blockade to advance nearly 100 Trump nominees

      December 11, 2025
    • Trump says US seizes massive Venezuelan oil tanker as showdown with Maduro erupts into new phase

      December 11, 2025
    • Moderate Republicans stage Obamacare rebellion as health cost frustrations erupt in House

      December 11, 2025
    • Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations

      December 11, 2025

    Categories

    • Business (1,443)
    • Politics (5,229)
    • Stocks (1,823)
    • Uncategorized (45)
    • World News (1,436)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, 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 thetraderharbor.com | All Rights Reserved