• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Dockworkers union, port companies reach tentative 6-year deal

by January 9, 2025
written by January 9, 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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Australia calls Meta’s fact-checking decision a threat to democracy
next post
‘Senator for all’: Fetterman set to meet with Trump at Mar-a-Lago

related articles

Amazon slashes another 16,000 jobs

January 30, 2026

Trump sues JPMorgan Chase and CEO Jamie Dimon...

January 27, 2026

Valentino, founder of Italian luxury empire, dies at...

January 20, 2026

Saks files for bankruptcy as luxury market struggles

January 15, 2026

Warner Bros. Discovery rejects Paramount’s amended takeover offer

January 10, 2026

Trump Media to merge with nuclear fusion company

December 20, 2025

Prada Group says it has purchased fashion rival...

December 3, 2025

Dell family donation to offer 25 million kids...

December 3, 2025

Shopify says a daylong Cyber Monday outage has...

December 3, 2025

Starbucks to pay about $35M to NYC workers...

December 3, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • IAC approves spinoff of home improvement marketplace Angi

    January 14, 2025
  • Iran’s nuclear capabilities crushed, but regime’s desire for the bomb may persist

    June 30, 2025
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 30, 2024
  • Trump’s aluminum tariffs may force Coca-Cola to use more plastic bottles

    February 12, 2025
  • Trump heads to UK for rare second state visit, then to Arizona for Charlie Kirk’s funeral

    September 15, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,746)
  • Investing (920)
  • Stock (969)

Latest Posts

  • USPS gives critical warning about mail-in ballots as Election Day looms next week

    October 29, 2024
  • Senators enter marathon vote-a-rama as Trump’s ‘big, beautiful bill’ deadline barrels near

    June 30, 2025
  • Evening digest: Nvidia China surge, Trump crypto push, Bitcoin breakout watch

    January 1, 2026

Recent Posts

  • Netanyahu calls Trump Israel’s ‘greatest friend’ as final living hostages released

    October 13, 2025
  • Jury selection still underway in Ryan Routh trial, more than 70 jurors removed

    September 10, 2025
  • After Trump’s tariff threat, Mexico says Canada wishes it ‘had the cultural riches Mexico has’

    December 3, 2024

Editor’s Pick

  • Trump foe Boasberg to grill DOJ over migrant flights in heated hearing

    July 24, 2025
  • New ‘insulting’ Harris ad target’s Black men’s love lives

    October 20, 2024
  • ‘Very talented’: Harris reveals Jasmine Crockett was part of ‘secret project’ of lawmakers she was mentoring

    September 25, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock