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The Latest Breaking News from UPS

UPS workers approve 5-year contract, capping contentious negotiations that threatened deliveries

The Teamsters said that 86% of the votes casts were in favor of ratifying the national contract.

Chicago Sun-Times

Hollywood studios tout proposed 5% pay bump for writers as the biggest in 35 years, the day after UPS Teamsters ratified a 35% raise and pilots got 21%

The latest counteroffer from Hollywood studios features pay raises that pale in comparison to those secured by other unions just this week.

Fortune

UPS workers approve 5-year contract, capping contentious negotiations

The Teamsters said that 86% of the votes casts were in favor of ratifying the national contract. They also said it was passed by the highest vote for a contract in the history of the Teamsters at UPS.

WEKU

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Unionized UPS workers approve contract leaders agreed to in late July

The union representing 340,000 UPS workers says its members voted to approve the tentative contract agreement reached last month

The Independent UK

‘We are burned out’: UAW ready to take on automakers in contract negotiations

Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession

The Guardian - US

How businesses can help after the Maui wildfires

'We don’t want to create a disaster within a disaster by sending goods that are unsolicited.'

Fortune

Labor Unions Not Backing Down as Strikes Loom: Kiplinger Economic Forecasts

Labor unions like the Teamsters and United Auto Workers are using leverage and strike threats in negotiations with employers for better pay and benefits.

Kiplinger

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UPS union negotiated a historic contract. Now workers have the final say

The Teamsters union reached a tentative deal with UPS, narrowly averting a nationwide strike. Rank-and-file union members are voting on whether to approve the contract.

WEKU

UPS drivers' new $170k per year deal shows that unions (and Joe Biden) may just save the middle class after all

Bidenomics and a strong labor movement are in full effect as full-time UPS drivers win a high six figures.

Fortune

Stock Index Futures Plunge as China Trade Data Disappoints, Moody's Downgrades U.S. Banks

September S&P 500 futures (ESU23) are down -0.45%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.49% this morning as fresh worries about China’s economic rebound and the state of U.S. banks weighed on sentiment.

Barchart

Option Volatility and Earnings Report for August 7 - 11

Last week was busy on the earnings front, so this week is a little quieter in comparison. However, we still have DIS, PLTR, UPS and TTD reporting.

Barchart

Sweet moment UPS driver surprises his children after long week of deliveries

‘You can tell he’s a great dad,’ viewer says

The Independent UK

Bullish Outlook? Consider These 3 Bull Put Spread Ideas for this Wednesday

Despite the pullback yesterday, it remains a bullish market and today I’ve got three bull put spread ideas to consider.

Barchart

UPS and UAW Labor Disputes Rage Over Wage Fights: Kiplinger Economic Forecasts

United Auto Workers are at a standstill in negotiations with the Big Three automakers, and UPS has narrowly avoided a Teamsters strike, for now.

Kiplinger

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The Independent UK

Consumer demand for speed and convenience drives labor unrest among workers in Hollywood and at UPS

Drastic changes in consumer demands are driving labor unrest in diverse industries upended by technology

Fortune

The most extreme heat in a generation is roasting workers and experts say companies need to step in and help

“On a pragmatic level, we’re talking about what the future of business operations is going to look like in a changing climate."

The Guardian - US

‘It feels like it’s strike summer’: US unions flex muscles across industries

Labor is increasingly militant after years of inaction, energized by star power from the actors’ and writers’ strikes

France 24

US parcel shipping giant UPS and union reach agreement, averting strike

US parcel shipping company UPS and the International Brotherhood of Teamsters union have agreed on a deal to renew a five-year labour contract. Although the deal still has to be ratified by union members next month, it will avert a strike that could have started as early as next week.…

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The Conversation

UPS and Teamsters agree on new contract, averting costly strike that could have delayed deliveries for consumers and retailers

The International Brotherhood of Teamsters union and UPS have agreed on a new five-year contract that boosts wages and guarantees more air conditioning in drivers’ trucks. The tentative deal, struck on July 25, 2023, came one week before an Aug. 1 deadline that the Teamsters had set for threatened strike…

Kiplinger

UPS and Teamsters Reach Tentative Agreement on Contract

Union membership still needs to ratify the contract to avert a strike.

Zenger

UPS And Teamsters Seal Win-Win Agreement, Averting Strike

Teamsters union and UPS reach five-year agreement, avoiding potential strike

Chicago Sun-Times

UPS driver shot in Humboldt Park

The driver, 32, was in the 700 block of North Trumbull Avenue when shots were fired shortly after 10 a.m., according to the Chicago Fire Department.

WEKU

UPS union calls off strike threat after securing pay raises for workers

A tentative agreement between UPS and the Teamsters has averted a potential strike at the company. The deal will secure pay raises for part-time workers.

The Guardian - US

UPS and Teamsters union announce tentative agreement, averting strike

Bargaining committee endorses five-year contract which includes wage increases and Martin Luther King Day as paid holiday

The Independent UK

UPS reaches contract with 340,000 unionized workers, averting potentially calamitous strike

UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike

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