Bull Hedging
  • Politics
  • Stocks
  • Business
  • Investing
  • Politics
  • Stocks
  • Business
  • Investing

Bull Hedging

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
Inflation Sparks Stock Market Downturn: What This Means for Your Portfolio
next post
Canadian Markets Steady Amid Trump Tariff Speculation and Renewed Greenland Interest

Related Posts

Starbucks poaches Nordstrom CFO as executive shake-up continues

March 5, 2025

Soaring egg prices are threatening a classic holiday...

March 2, 2025

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership...

March 19, 2025

AMC bets on premium screens as Hollywood slate...

April 2, 2025

U.S. judge finds Google holds illegal online ad...

April 19, 2025

Universal’s new Epic Universe park set to generate...

April 17, 2025

Southwest Airlines will charge to check bags for...

March 12, 2025

USPS resumes shipments from China in abrupt about-face

February 6, 2025

Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal

January 14, 2025

Hasbro says it’s taking steps to offset China...

February 22, 2025

Recent Posts

  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?
  • S&P 500 on the Verge of 6,000: What’s at Stake?
  • Clusters of Long Winning Streaks: What They’re Telling Us
  • Three Charts Showing Proper Moving Average Alignment

Recent Comments

No comments to show.

About Us

About Us

Design Magazine

Welcome to Design Magazine. Follow us for daily & updated design tips, guide and knowledge.

Stay Connect

Facebook Twitter Instagram Pinterest Youtube Email

Recent Posts

  • Hedge Market Volatility with These Dividend Aristocrats & Sector Leaders

    June 6, 2025
  • S&P 500 Bullish Patterns: Are Higher Highs Ahead?

    June 6, 2025
  • S&P 500 on the Verge of 6,000: What’s at Stake?

    June 6, 2025
  • Clusters of Long Winning Streaks: What They’re Telling Us

    June 6, 2025
  • Three Charts Showing Proper Moving Average Alignment

    June 6, 2025
  • Biden only hand-signed one pardon during final spree, and it was his most controversial one

    June 6, 2025

Editors’ Picks

  • 1

    Small Caps are Set to Skyrocket in 2025—Here’s What You Need to Know

    December 12, 2024
  • 2

    Trump leaves China guessing what his next move is with unusual inauguration invitation

    December 15, 2024
  • 3

    Uranium Price Forecast: Top Trends That Will Affect Uranium in 2025

    December 19, 2024
  • 4

    Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 31, 2024
  • 5

    Zinc Stocks: 4 Biggest Canadian Companies in 2025

    January 15, 2025
  • 6

    Trudeau declares himself ‘proud feminist’ after lamenting Harris loss to Trump as setback for women

    December 13, 2024
  • 7

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
Promotion Image

banner

Categories

  • Business (390)
  • Investing (1,283)
  • Politics (1,587)
  • Stocks (530)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Disclaimer: bullhedging.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 bullhedging.com | All Rights Reserved