• 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

Build-A-Bear recalls roughly 36,000 Heart-Warming Hugs Bears

May 2, 2026

Thermos recalls 8.2 million bottles after stoppers eject,...

May 2, 2026

The Onion’s bid to take over Alex Jones’...

May 2, 2026

Republican state attorneys general join lawsuit to stop...

May 1, 2026

Companies must now quickly respond to stalking warrants...

May 1, 2026

Could an ‘8647’ T-shirt get you in trouble?

May 1, 2026

Graphic: Track U.S. and state gas prices

May 1, 2026

Trump briefed on options for Iran as energy...

May 1, 2026

FCC head says agency wasn’t pressured to order...

May 1, 2026

Trump signs executive order expanding access to retirement...

May 1, 2026
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

  • Nvidia stock soars on Wednesday: here’s what is pushing NVDA’s latest rally

    January 1, 2026
  • To go or not to go? Supreme Court at the State of the Union

    February 24, 2026
  • JetBlue to partner with another U.S. airline in the coming weeks

    April 30, 2025
  • GOP duo unveils plan to force Congress to ‘face consequences’ as shutdown looms

    September 4, 2025
  • ‘Nail in the coffin’: Grocer turned House lawmaker trashes Kamala Harris’ price control plan

    August 24, 2024

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

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,490)
  • Stock (1,028)

Latest Posts

  • Michael Bloomberg becomes 2nd largest Harris donor behind George Soros: Report

    October 29, 2024
  • Trump pressures Republicans to pass a continuing resolution to avert a government shutdown

    September 16, 2025
  • Warren launches probe into major banks over Trump Venezuela oil sales

    January 19, 2026

Recent Posts

  • Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

    January 29, 2025
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 30, 2024
  • Political strategists lay out how Trump should kick off his 4-year term

    March 4, 2025

Editor’s Pick

  • Federal judge strikes down parts of Trump executive order on citizenship verification for voter registration

    January 31, 2026
  • What Trump’s narrow edge over Biden could mean for campaign after president ends re-election bid

    July 21, 2024
  • Three-year inflation outlook hits record low in New York Fed consumer survey

    August 13, 2024
  • 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