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

The Trader Harbor

World News

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

Albertsons sues Kroger after judge rules against grocery...

December 12, 2024

The Fed’s preferred inflation measure rose 0.2% in...

June 1, 2024

Boeing investigates quality problem on undelivered 787s, sources...

June 17, 2024

Target CEO addresses price gouging accusations in retail

August 22, 2024

Nvidia says Anthropic is telling ‘tall tale’ in...

May 2, 2025

Warren Buffett — worried about impersonators — says...

October 24, 2024

Customers from the East Coast to the Midwest...

March 27, 2024

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Tesla Semi fire in California took 50,000 gallons...

September 14, 2024

Rush orders, cut costs, crossed fingers: How small...

December 2, 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

      January 20, 2026
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      January 20, 2026
    • Trump invites Putin, Lukashenko to join Gaza ‘Board of Peace,’ Russia and Belarus say

      January 20, 2026
    • Iran locks nation into ‘darker’ digital blackout, viewing internet as an ‘existential threat’

      January 20, 2026
    • From Caracas to Chicago: Trump’s Article II powers face their biggest tests yet

      January 20, 2026
    • Denmark ramps up defenses in Greenland as Trump zeros in on control of territory

      January 20, 2026

    Categories

    • Business (1,446)
    • Politics (5,566)
    • Stocks (1,903)
    • Uncategorized (45)
    • World News (1,439)
    • 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