Top Posts
Don’t Buy Robinhood Stock… Until You See This...
$2.6M Placement and SPP to fast-track China entry...
NorthStar Gaming Announces Receipt of Management Cease Trade...
US Policy Momentum, Clinical Progress Fueling Psychedelics Market...
UnitedHealthcare sued by shareholders over reaction to CEO’s...
Krispy Kreme stock plunges after doughnut chain pauses...
Three Charts to Watch for an “All Clear”...
Use This Multi-Timeframe MACD Signal for Precision Trades
The Unpredictable Stock Market: How to Make Sense...
Group Eleven Intersects 12.0m of 2.30% Cu and...
  • Home
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Market Commandos
Editor's Pick

Dockworkers union, port companies reach tentative 6-year deal

by admin January 10, 2025
January 10, 2025

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
Stock Futures Lower after S&P 500 futures ticked down 0.18%
next post
Athena Gold: High-grade Gold Exploration in Ontario and Nevada

You may also like

Krispy Kreme stock plunges after doughnut chain pauses...

May 9, 2025

UnitedHealthcare sued by shareholders over reaction to CEO’s...

May 9, 2025

AMD CEO calls China a ‘large opportunity’ and...

May 8, 2025

Judge allows lawsuit over Burger King’s Whopper ads...

May 8, 2025

NBA star Russell Westbrook launches AI-enabled funeral planning...

May 8, 2025

Amazon’s Zoox robotaxi unit issues software recall after...

May 7, 2025

Skechers to be acquired by 3G Capital in...

May 6, 2025

Rite Aid files for second bankruptcy in two...

May 6, 2025

Temu halts shipping direct from China as de...

May 5, 2025

Netflix stock is trading at all-time high levels...

May 3, 2025

    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.

    Recent Posts

    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 9, 2025
    • $2.6M Placement and SPP to fast-track China entry and sales

      May 9, 2025
    • NorthStar Gaming Announces Receipt of Management Cease Trade Order

      May 9, 2025
    • US Policy Momentum, Clinical Progress Fueling Psychedelics Market in 2025

      May 9, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 MarketCommandos.com All Rights Reserved.

    Market Commandos
    • Investing
    • Stock
    • Economy
    • Editor’s Pick