Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Business

Dockworkers union, port companies reach tentative 6-year deal

by January 9, 2025
January 9, 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
previous post
Trump, Pence shake hands at Carter funeral in first public meeting since leaving office
next post
‘Senator for all’: Fetterman set to meet with Trump at Mar-a-Lago

Related Posts

Starbucks union votes to authorize strike ahead of...

December 18, 2024

Sam Altman rejoins OpenAI board of directors, months...

March 9, 2024

Tesla’s law firm drafts Delaware bill that could...

February 19, 2025

JPMorgan Chase is giving its employees an AI...

August 12, 2024

Walmart to close 51 clinics as it shutters...

May 1, 2024

Home price growth is back at pre-pandemic levels....

March 27, 2024

CFPB rule to save Americans $10 billion a...

May 10, 2024

UAW union endorses Vice President Kamala Harris over...

August 1, 2024

Big Mac battle: McDonald’s loses burger trademark for...

June 6, 2024

Ford delays new EV plant and cancels electric...

August 22, 2024

Starbucks union votes to authorize strike ahead of...

December 18, 2024

Sam Altman rejoins OpenAI board of directors, months...

March 9, 2024

Tesla’s law firm drafts Delaware bill that could...

February 19, 2025

JPMorgan Chase is giving its employees an AI...

August 12, 2024

Walmart to close 51 clinics as it shutters...

May 1, 2024

Home price growth is back at pre-pandemic levels....

March 27, 2024

CFPB rule to save Americans $10 billion a...

May 10, 2024

UAW union endorses Vice President Kamala Harris over...

August 1, 2024

Big Mac battle: McDonald’s loses burger trademark for...

June 6, 2024

Ford delays new EV plant and cancels electric...

August 22, 2024

    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.

    Latest News

    • RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

      August 5, 2025
    • Senate GOP ready to go nuclear after Schumer’s ‘political extortion’ of nominees

      August 5, 2025
    • Cotton calls on IRS to pull Muslim advocacy group’s nonprofit status

      August 5, 2025
    • U.S. farm agency allows six more states to bar some items from food aid

      August 5, 2025
    • Gargantuan ‘bird cemeteries’ in Burgum’s crosshairs as DOI looks to curb green wind projects

      August 5, 2025
    • Key aide in IRS’ Tea Party targeting controversy put on leave after allegations of new anti-GOP effort

      August 5, 2025

    Categories

    • Business (1,334)
    • Politics (6,667)
    • Stocks (904)
    • World News (461)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.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.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved