The Revenue Rises
  • Politics
  • Stocks
  • Business
  • Economy
Trending Now
Italian chocolate giant Ferrero to buy Kellogg’s Froot...
Breakout Watch: One Stock in Each Sector to...
Small Caps Are Rotating In — Here’s Why...
Want Faster, Lower Risk Trades? Use This Setup
The Seasonality Trend Driving XLK and XLI to...
How I Triple My Returns With 3x Leveraged...
How to Find Compelling Charts in Every Sector
OpenAI to release web browser in challenge to...
Sports executive charged with bid-rigging in Texas arena...
White House accuses Powell of mismanaging Federal Reserve,...
Italian chocolate giant Ferrero to buy Kellogg’s Froot...
Breakout Watch: One Stock in Each Sector to...
Small Caps Are Rotating In — Here’s Why...
Want Faster, Lower Risk Trades? Use This Setup
The Seasonality Trend Driving XLK and XLI to...
How I Triple My Returns With 3x Leveraged...
How to Find Compelling Charts in Every Sector
OpenAI to release web browser in challenge to...
Sports executive charged with bid-rigging in Texas arena...
White House accuses Powell of mismanaging Federal Reserve,...

The Revenue Rises

  • Politics
  • Stocks
  • Business
  • Economy
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
S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

Related Posts

OpenAI announces a search engine called SearchGPT; Alphabet...

July 27, 2024

Red Lobster cleared to exit Chapter 11 bankruptcy

September 6, 2024

Where are low-cost airlines cutting back now? New...

September 3, 2024

White House freeze on federal aid won’t affect...

January 30, 2025

Texas AG wins $1.4B settlement from Facebook-parent Meta...

August 1, 2024

U.S. markets close sharply lower — but some...

August 7, 2024

JPMorgan Chase posts record profit as the bank’s...

January 17, 2025

Last-minute summer travelers are finding the best deals...

August 13, 2024

U.S. foreign tax bill sends jitters across Wall...

June 4, 2025

Lego is reinventing its iconic brick sets and...

December 25, 2024

OpenAI announces a search engine called SearchGPT; Alphabet...

July 27, 2024

Red Lobster cleared to exit Chapter 11 bankruptcy

September 6, 2024

Where are low-cost airlines cutting back now? New...

September 3, 2024

White House freeze on federal aid won’t affect...

January 30, 2025

Texas AG wins $1.4B settlement from Facebook-parent Meta...

August 1, 2024

U.S. markets close sharply lower — but some...

August 7, 2024

JPMorgan Chase posts record profit as the bank’s...

January 17, 2025

Last-minute summer travelers are finding the best deals...

August 13, 2024

U.S. foreign tax bill sends jitters across Wall...

June 4, 2025

Lego is reinventing its iconic brick sets and...

December 25, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Recent Posts

    • How I Triple My Returns With 3x Leveraged ETFs!
    • How to Find Compelling Charts in Every Sector
    • OpenAI to release web browser in challenge to Google Chrome
    • Sports executive charged with bid-rigging in Texas arena project
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

    Popular Posts

    • 1

      Polls show some good early signs for Kamala Harris

      July 26, 2024
    • 2

      Solana and Cardano: Solana is waiting for a new impulse

      July 18, 2024
    • 3

      The presidential race shifts — modestly, so far — toward Harris

      August 6, 2024
    • 4

      Donald Trump’s imaginary and frightening world

      September 23, 2024
    • 5

      Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

      June 4, 2025

    Categories

    • Business (737)
    • Economy (975)
    • Politics (873)
    • Stocks (880)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: therevenuerises.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 © 2024 The Revenue Rises. All Rights Reserved.