Key Profit Strategy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Key Profit Strategy
No Result
View All Result
Home Editor's Pick

Dockworkers union, port companies reach tentative 6-year deal

by
January 9, 2025
in Editor's Pick
0
Dockworkers union, port companies reach tentative 6-year deal
0
SHARES
4
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

Tariff threat looms over the year’s biggest electronics show

Next Post

Disney says about 157 million global users are streaming content with ads

Next Post
Disney says about 157 million global users are streaming content with ads

Disney says about 157 million global users are streaming content with ads

Enter Your Information Below To Receive Trading Ideas and Latest News

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Recent News

    White House demands all Gaza hostages return home ‘this week’ amid stalled talks

    White House demands all Gaza hostages return home ‘this week’ amid stalled talks

    August 28, 2025
    Trump asks SCOTUS to uphold freeze on billions in USAID payments

    Trump asks SCOTUS to uphold freeze on billions in USAID payments

    August 28, 2025
    Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

    Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

    August 28, 2025

    Top News

    White House demands all Gaza hostages return home ‘this week’ amid stalled talks

    White House demands all Gaza hostages return home ‘this week’ amid stalled talks

    August 28, 2025
    Trump asks SCOTUS to uphold freeze on billions in USAID payments

    Trump asks SCOTUS to uphold freeze on billions in USAID payments

    August 28, 2025

    Popular News

    • White House demands all Gaza hostages return home ‘this week’ amid stalled talks
    • Trump asks SCOTUS to uphold freeze on billions in USAID payments
    • Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox
    • CDC Director Susan Monarez refuses to be fired as other officials call it quits
    • Is Trump considering bold Africa play to push back on China, Russia and Islamic terrorists?

    News Categories

    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    About Key Profit Strategy

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 keyprofitstrategy.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 keyprofitstrategy.com | All Rights Reserved