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
Tariff threat looms over the year’s biggest electronics show

Related Posts

Why Trump’s iPhone tariff threat might not be...

May 25, 2025

Boeing would avoid guilty plea, prosecution over 737...

May 17, 2025

Data center boom in world’s largest market isn’t...

May 3, 2025

Kraft Heinz to remove artificial dyes from U.S....

June 18, 2025

Hermès to hike U.S. prices for iconic bags...

April 18, 2025

Tariffs would be ‘catastrophic’ for sales of tequila...

February 14, 2025

Paramount mandates 5-day-a-week return to office ahead of...

September 5, 2025

How Calvin Klein and Tommy Hilfiger got caught...

February 7, 2025

Capital One acknowledges ‘outage’ as users report issues...

January 17, 2025

Consumer protection board sues Walmart and fintech firm...

December 25, 2024

Recent Posts

  • The Real Drivers of This Market: AI, Semis & Robotics
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio
  • Trump accuses Tim Walz and Ilhan Omar of using ICE protests to distract from massive state fraud
  • Why Trump zeroed in on Greenland and why it matters in 3 maps
  • Six countries confirm US invitations to Gaza peace board

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

  • The Real Drivers of This Market: AI, Semis & Robotics

    January 19, 2026
  • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    January 19, 2026
  • Trump accuses Tim Walz and Ilhan Omar of using ICE protests to distract from massive state fraud

    January 19, 2026
  • Why Trump zeroed in on Greenland and why it matters in 3 maps

    January 19, 2026
  • Six countries confirm US invitations to Gaza peace board

    January 19, 2026
  • Nobel Foundation weighs in after Machado presents Peace Prize to Trump

    January 19, 2026

Editors’ Picks

  • 1

    Environmental Approval for Boland Infield Studies & Update on Scaled Column ISR Test

    September 19, 2025
  • 2

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

    December 12, 2024
  • 3

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

    December 15, 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

    Lead Price Forecast: Top Trends for Lead in 2025

    January 11, 2025
  • 7

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

    December 19, 2024
Promotion Image

banner

Categories

  • Business (605)
  • Investing (2,839)
  • Politics (3,477)
  • Stocks (1,034)
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2026 bullhedging.com | All Rights Reserved