The Latest Breaking News from UPS

Contract negotiations falter as frustrations over wages and working conditions, raising concerns for the U.S. economy.

It's another sign of the continued labor market strength.

With agreements in place on noneconomic issues and potentially large costs of a strike, the company and the union have incentives to get a deal done this month.

The Teamsters say "no additional negotations are scheduled." UPS has estimated it delivers roughly 6% of the nation’s GDP.

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ATLANTA — Labor contract negotiations between Sandy Springs-based UPS and the International Brotherhood of Teamsters have stalled after an all-night bargaining session aimed at reaching a deal Wednesday.

Union officials said that UPS “walked away from the bargaining table after presenting an unacceptable offer” to Teamsters members. UPS told a different story.

Contract negotiations between UPS and the union representing 340,000 of the company’s workers broke down early Wednesday morning with each side blaming the other for walking away from talks

A strike could throw the supply chain into chaos and push customers toward rival shipping companies.

The International Brotherhood of Teamsters union is ratcheting up pressure on Sandy Springs-based UPS in labor contract negotiations, with threats of a strike Aug. 1 if the two sides don’t reach agreement.