• About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions
Smart Investing Era
Advertisement
  • Business
  • World
  • Investing
  • Stocks
No Result
View All Result
  • Business
  • World
  • Investing
  • Stocks
No Result
View All Result
Smart Investing Era
No Result
View All Result
Home Business

Dockworkers union, port companies reach tentative 6-year deal

January 10, 2025
in Business
0
Dockworkers union, port companies reach tentative 6-year deal
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

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

Previous Post

Alleged Yakuza leader admits trafficking nuclear materials from Myanmar

Next Post

Tariff threat looms over the year’s biggest electronics show

Next Post
Tariff threat looms over the year’s biggest electronics show

Tariff threat looms over the year’s biggest electronics show

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Recent News

    Crypto Market Update: Bitcoin’s New High, Ethereum ETFs Outpace Bitcoin 5-to-1

    Crypto Market Update: Bitcoin’s New High, Ethereum ETFs Outpace Bitcoin 5-to-1

    August 16, 2025
    Top 5 Small-cap Pharma Stocks of 2025

    Top 5 Small-cap Pharma Stocks of 2025

    August 16, 2025
    Brien Lundin: Gold at New US$3,000 Floor, Silver Supply Crunch Coming

    Brien Lundin: Gold at New US$3,000 Floor, Silver Supply Crunch Coming

    August 16, 2025
    Brunswick Exploration Consolidates Mirage Ownership

    Brunswick Exploration Consolidates Mirage Ownership

    August 16, 2025

    Disclaimer: smartinvestingera.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.

    Browse by Category

    • Business
    • Investing
    • Stocks
    • World

    Latest

    Crypto Market Update: Bitcoin’s New High, Ethereum ETFs Outpace Bitcoin 5-to-1

    Crypto Market Update: Bitcoin’s New High, Ethereum ETFs Outpace Bitcoin 5-to-1

    August 16, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 smartinvestingera.com | All Rights Reserved

    No Result
    View All Result
    • Business
    • World
    • Investing
    • Stocks

    Copyright © 2025 smartinvestingera.com | All Rights Reserved