Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Nasdaq moves into correction territory as Iran war...
FAA investigating close call involving United Airlines plane...
Judge blocks Trump administration from limiting Anthropic’s contracts...
Senate agrees to fund DHS, except ICE and...
Don Jr.’s shadow hangs over Trump mine fight...
AAP faces pressure over trans youth care, guiding...
Spanberger takes fire from all sides as Youngkin,...
House conservatives rage against Senate DHS shutdown deal
Indicted Democrat Rep Sheila Cherfilus-McCormick one step closer...
Biden judge freezes Trump administration’s move against AI...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

Dockworkers union, port companies reach tentative 6-year deal

by admin January 10, 2025
January 10, 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
Disney says about 157 million global users are streaming content with ads
next post
Tariff threat looms over the year’s biggest electronics show

You may also like

July home sales break a four-month losing streak...

August 23, 2024

Delta suspends specialty services for members of Congress...

March 26, 2026

Some Juul users are receiving thousands of dollars...

October 23, 2024

What we know about the LaGuardia plane and...

March 27, 2026

Capital One and Discover merger approved by Federal...

April 19, 2025

GM lays off 1,000 employees amid reorganization and...

November 17, 2024

Paramount special committee extends Skydance ‘go shop’ period...

August 24, 2024

Walmart pulls back on DEI efforts, removes some...

November 27, 2024

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Taco Bell to roll out AI drive-thru ordering...

August 2, 2024

Recent Posts

  • Nasdaq moves into correction territory as Iran war weighs on markets
  • FAA investigating close call involving United Airlines plane and Black Hawk helicopter in California
  • Judge blocks Trump administration from limiting Anthropic’s contracts with federal government
  • Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays
  • Don Jr.’s shadow hangs over Trump mine fight as China retains critical minerals leverage

    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.

    Categories

    • Business (998)
    • Investing (4,320)
    • Politics (5,220)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2026 Sightful Invest. All Rights Reserved.