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

How In-N-Out Burger’s president runs her fast-food empire:...

April 18, 2024

Trump Media stock erases all gains since it...

April 9, 2024

Where are low-cost airlines cutting back now? New...

September 3, 2024

Albertsons sues Kroger after judge rules against grocery...

December 12, 2024

Netflix ad-supported tier has 40 million monthly users,...

May 17, 2024

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns...

March 26, 2025

Coca-Cola takes on Olipop and Poppi with new...

February 20, 2025

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

August 1, 2025

Gold prices hit another record high after fresh...

April 4, 2024

Collapsed crypto exchange Mt. Gox is about to...

July 3, 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 31, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      December 31, 2025
    • Sen Jim Justice says Republicans are ‘lousy’ at knowing what everyday Americans think about healthcare

      December 31, 2025
    • Anti-Iran regime protests grow across country as Trump admin boosts demonstrators offering support

      December 31, 2025
    • DOJ’s second-in-command could be central to ‘vindictive’ prosecution of Abrego Garcia, judge rules

      December 31, 2025
    • Putin residence drone attack dismissed as ‘implausible’ as Ukraine accusations mount

      December 31, 2025

    Categories

    • Business (1,444)
    • Politics (5,381)
    • Stocks (1,863)
    • Uncategorized (45)
    • World News (1,437)
    • 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