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☆ Amazon says it's boosting pay for contract delivery drivers
▼ + stars: | 2023-09-12 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon said it plans to boost wages for contracted drivers as part of a $440 million investment this year into its third-party delivery program but declined to say by how much. The DSP program, launched in 2018, comprises about 279,000 drivers, often distinguishable by blue Amazon-branded vans, who are responsible for delivering packages the last few miles to shoppers' doorsteps. The DSPs regularly pay above the minimum set by Amazon, and it audits DSP wages "on a regular basis," Tomay said. The DSP program is a key weapon for Amazon's logistics arsenal that has allowed it to reduce its reliance on carriers such as the U.S. Critics have argued Amazon relies on subcontracted delivery drivers to dodge liability and avoid unionization.

Persons: Beryl Tomay, Tomay Organizations: Amazon, U.S . Postal Service, FedEx, International Brotherhood of Teamsters, Teamsters, Critics Locations: U.S, California

☆ UPS offers pilot buyouts to reduce labor costs - report
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsLOS ANGELES, Aug 31 (Reuters) - United Parcel Service (UPS.N) has offered early retirement to its pilots as it works to offset softening demand, higher labor costs and business losses, a local television station reported on Thursday. The move marks the first time the U.S. delivery company has made such an offer to pilots since 2010, when 109 opted to take the buyouts. The company hopes that 167 pilots will take the early retirement offer, according to a news report from television station WDRB in Louisville, Kentucky. UPS pilots are represented by a different union.

Persons: Andrew Kelly, Lisa Baertlein, Jonathan Oatis Organizations: United Parcel Service, REUTERS, International Brotherhood of Teamsters, UPS, Thomson Locations: Brooklyn , New York City, U.S, Louisville , Kentucky, Atlanta, Los Angeles

☆ UPS offers pilot buyout as demand falters
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

Signage is seen on a United Parcel Service (UPS) vehicle at a facility in Brooklyn, New York City, U.S., May 9, 2022. Atlanta-based UPS said it hopes 167 pilots will accept its voluntary separation offer, which includes cash and healthcare benefits. UPS hasn't reduced pilot employment since 2010, when it says it furloughed 111 pilots. UPS pilots are represented by the Independent Pilots Association, whose spokesperson confirmed the buyout offer had been proffered. Meanwhile, pilots at UPS rival FedEx (FDX.N) have rejected a tentative contract deal reached by their union for pay and job security reasons.

Persons: Andrew Kelly, Lisa Baertlein, Jonathan Oatis, Josie Kao Organizations: United Parcel Service, REUTERS, UPS, UPS hasn't, International Brotherhood of Teamsters, Independent Pilots Association, FedEx, Thomson Locations: Brooklyn , New York City, U.S, Atlanta, Los Angeles

☆ UPS workers approve massive new labor deal with big raises
▼ + stars: | 2023-08-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union. The parties had until July 31, when the previous labor contract was set to expire, to reach a deal and avoid a work stoppage. Current workers will get $2.75 more an hour this year and $7.50 an hour more over the five-year contract. FedEx pilots turned down a tentative agreement for a new labor contract earlier this summer.

Persons: Sean O'Brien, Carol Tomé Organizations: International Brotherhood of Teamsters, Teamsters, UPS, Amazon, U.S . Chamber of Commerce, Workers, American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, FedEx Locations: U.S

☆ UPS Employees Approve New Contract, Averting Strike
▼ + stars: | 2023-08-22 | by ( Noam Scheiber | More About Noam Scheiber | ) www.nytimes.com time to read: 1 min

Averting a strike that could have shaken the U.S. economy, the union representing more than 300,000 United Parcel Service employees announced Tuesday that its members had ratified a new labor agreement with the shipping giant. The union, the International Brotherhood of Teamsters, said that its UPS members approved the five-year contract with more than 86 percent support. The Teamsters have said that the agreement includes wage gains of at least $7.50 an hour for current employees over its five-year term. It also raises the minimum pay for part-time workers to $21 an hour from under $17, and raises the top rate for full-time delivery drivers to about $49 on average. Under the previous contract, which expired on Aug. 1, full-time drivers made an average of about $42 an hour after four years on the job.

Organizations: United Parcel Service, International Brotherhood of Teamsters, UPS, Teamsters Locations: U.S

It also could throw a wrench into the upcoming holiday shopping season that is a make-or-break period for retailers, including Amazon.com (AMZN.O), the largest UPS customer. If approved, the deal would raise pay for 340,000 UPS workers and eliminate a two-tier wage system for drivers. UPS cut its full-year revenue and profitability targets earlier this month, citing higher-than-expected labor costs and business lost during the tumultuous contract talks with the Teamsters. Under the contract deal, current full- and part-time workers will get $2.75 more per hour in 2023, and $7.50 more per hour over the length of the contract, according to the Teamsters. General wage increases for part-time workers will be double the amount obtained in the previous UPS Teamsters contract - and existing part-time workers will receive a 48% average total wage bump, addressing a key sticking point in talks, the union said.

Persons: Sergio Martinez, Mike Blake, Lisa Baertlein, Paul Simao Organizations: REUTERS, Teamsters, United Parcel Service, International Brotherhood of Teamsters, UPS, UAW, Detroit, Unions, Pilots, FedEx, UPS Teamsters, Thomson Locations: Los Angeles , California, U.S, Atlanta, Los Angeles, Bengaluru

☆ Union fights grow US workers’ slice of profit pie
▼ + stars: | 2023-08-18 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

Strong demand for workers has given organized workers a stronger hand at the bargaining table. The United Steel Workers union has asserted itself aggressively in a bidding battle for U.S. Steel (X.N). Corporate profit is 30% above its pre-crisis high, at $2.7 trillion, according to the U.S. Bureau of Economic Analysis. With organized workers showing clout, they’ll be able to pull some more profit their way. Trucking company Yellow filed for Chapter 11 bankruptcy protection on Aug. 7 after halting operations the week prior.

Persons: Darren Hawkins, they’ll, . Steel, “, Carole Tome, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S, Workers, Economic, United Parcel Service, United Steel Workers, U.S . Steel, UPS, Teamsters, U.S . Bureau, Reuters Graphics Reuters, ., Trucking, International Brotherhood of Teamsters, Thomson Locations: Cleveland, U.S

☆ Trucking firm Estes Express submits $1.3 billion bid for Yellow's shipment centers
▼ + stars: | 2023-08-17 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico in San Diego, California, U.S., August 7, 2023 after the company filed for bankruptcy protection. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNEW YORK, Aug 17 (Reuters) - Trucking firm Estes Express has submitted a $1.3 billion bid to acquire bankrupt Yellow Corp's shipment centers, attorneys said on Thursday at a U.S. bankruptcy court hearing. Yellow's attorney Allyson Smith said the Estes proposal was received while Yellow was negotiating several offers for bankruptcy financing. Apollo initially offered to fund Yellow's bankruptcy with a $142.5 million loan, but instead bowed out after Yellow received competing offers with lower fees and interest rates. The union, which represents about 22,000 Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy.

Persons: Mike Blake, Allyson Smith, Estes, Smith, Craig Goldblatt, Yellow, Judge Goldblatt, Dietrich Knauth, Chris Reese, Cynthia Osterman, Alexia Garamfalvi, Jonathan Oatis Organizations: U.S, Trucking, Express, Citadel, MFN Partners, U.S . Treasury Department, Apollo Global Management, Apollo, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

Two long-time industry executives told Reuters that Yellow's rates were roughly 10% to 20% below those of rivals. Loads in the so-called LTL market do not trade on the spot market and they vary based on the type and size of shipments, they said. "Yellow was way below" market rates, said Ken Adamo, chief of analytics at DAT Freight and Analytics, which operates one of North America's largest truck freight marketplaces. Unlike the highly fragmented trucking market, LTL is dominated by about a dozen players. Some providers are already raising rates, which could send LTL rates up 10% to 15% from current levels, Pickett said.

Persons: Mike Blake, Ken Adamo, Chris Pickett, Pickett, Adamo, Thomas Schmitt, Schmitt, Lisa Baertlein, Marguerita Choy Organizations: U.S, Rivals, Reuters, Analytics, Flock, Walmart, International Brotherhood of Teamsters, Forward, Forward Air, Thomson Locations: Mexico, San Diego , California, U.S, North, Los Angeles

☆ Trucking firm Yellow extends bankruptcy loan talks until next week
▼ + stars: | 2023-08-11 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

Yellow filed for bankruptcy on Sunday with a loan offer for that amount from private equity firm Apollo, a senior lender to the company before its bankruptcy. The trucking company said earlier this week it was seeking alternative financing from MFN Partners, an investment firm that owns 41% of Yellow's stock, and Estes Express Lines, a rival in freight trucking. Yellow intends to use its bankruptcy to sell all of its assets, including 12,000 trucks and over 300 shipping service centers. The union, which represents about 22,000 laid-off Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy. Yellow owes the U.S. Treasury over $700 million on a pandemic bailout loan approved by former President Donald Trump's administration in 2020.

Persons: Mike Blake, Pat Nash, Craig Goldblatt, Nash, Dennis Dunne, Donald Trump's, Dietrich Knauth, Mark Porter, Andrea Ricci, Alexia Garamfalvi, Richard Chang Organizations: U.S, Yellow Corp, MFN Partners, Estes Express, Apollo, U.S . Treasury Department, International Brotherhood of Teamsters, U.S . Treasury, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

“As I said back in the summer of 2020, in my judgment, the loan was inadequately secured to the taxpayers,” he said. Yellow has paid about $67 million in interest on its $700 million loan and just $230 of the principal owed. Yellow owes more than $700 million because, under the terms of the loan, some of the interest is not paid annually but gets added to the principal. Yellow used the first portion of its federal loan, about $300 million, to pay for operational expenses, including labor costs and to lease equipment. Bankruptcy experts said it would be very hard for the Treasury to find collateral that could be sold to repay this part of the loan.

Persons: Hill, ” Organizations: Republican, International Brotherhood of Teamsters, Treasury Locations: Arkansas, Nashville

☆ Trucking firm Yellow explores alternate bankruptcy loans
▼ + stars: | 2023-08-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

Semi truck trailers are pictured at freight trucking company Yellow’s terminal near the Otay Mesa border crossing between the U.S. and Mexico in San Diego, California, U.S., August 7, 2023 after the company filed for bankruptcy protection. REUTERS/Mike BlakeNEW YORK, Aug 9 (Reuters) - Bankrupt trucking company Yellow Corp (YELL.O) will not seek court approval to borrow $142.5 million from private equity firm Apollo Global Management as planned on Wednesday, instead seeking time to explore alternate loan offers, an attorney for the company said. Yellow is weighing those offers while negotiating with Apollo on how those loans would impact Apollo's collateral rights on a pre-existing $501 million loan. Yellow plans to return to court on Friday with more clarity on which loan it will choose. The union, which represents about 22,000 Yellow employees, said the Nashville, Tennessee-based company "mismanaged" its way to bankruptcy despite concessions made by workers.

Persons: Mike Blake NEW, Pat Nash, Craig Goldblatt, Nash, Goldblatt, Dietrich Knauth, Chris Reese, Richard Chang Organizations: U.S, Yellow Corp, Apollo Global Management, MFN Partners, Estes Express, Apollo, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Wilmington , Delaware, Nashville , Tennessee

☆ Yellow Corp asset sale could surpass $1.4 bln - Fox Business
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

That means stock holders will get a payday if significant unsecured debt creditors do not emerge, Fox Business reporter Charles Gasparino said in a post on X social media platform, formerly known as Twitter. Yellow, a dominant player in the "less-than-truckload" segment, filed for Chapter 11 bankruptcy protection on Monday, leaving some 30,000 workers looking for new jobs. read moreThe company blamed the International Brotherhood of Teamsters for the bankruptcy filing. Gasparino said that bidders were lining up for Yellow's assets because the company would be free of Teamsters membership in bankruptcy. Yellow is also likely to seek damages representing its entire enterprise value of $1.5 billion from the Teamsters, Gasparino said.

Persons: Mike Blake, Charles Gasparino, Gasparino, Ananta Agarwal, Shinjini Organizations: U.S, Fox Business, Twitter, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Bengaluru

☆ Teamsters union pushes for US bankruptcy reform after Yellow's collapse
▼ + stars: | 2023-08-08 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

The Teamsters union said 22,000 of its members were out of work despite making significant concessions on wages and pension benefits in labor negotiations with the nearly 100-year-old company, which filed for bankruptcy on Sunday. Yellow has blamed the Teamsters' opposition to its internal reorganization efforts for its collapse. The union warned that the bankruptcy could mean they will not receive bargained-for retirement benefits or severance pay. "Corporate bankruptcy legislation in the U.S. is a joke," Teamsters General President Sean O'Brien said in a statement. U.S. bankruptcy law currently prioritizes repayment of up to $15,150 in wages per employee, according to bankruptcy attorney George Singer, who is not involved in Yellow's case.

Persons: Mike Blake, Sean O'Brien, Dick Durbin of, Jerry Nadler, George Singer, Singer, Donald Trump's, Dietrich Knauth, Jamie Freed Organizations: U.S, Brotherhood of Teamsters, Yellow Corp, Teamsters, Congressional, Dick Durbin of Illinois, Employees, Thomson Locations: Mexico, San Diego , California, U.S, York

REUTERS/Aude Guerrucci/File PhotoAug 3 (Reuters) - Thousands of UPS workers will start voting on their tentative contract agreement with the delivery giant on Thursday after local leaders of the International Brotherhood of Teamsters endorsed the union's deal earlier this week. The tentative deal covering 340,000 Teamsters-represented workers at United Parcel Service (UPS.N) averted a threatened strike that could have wreaked havoc on the U.S. economy by disrupting about a quarter of the nation's parcel shipments. Leaders from Teamsters locals oversee messaging and "sell" the deal to members, who vote through Aug. 22. The tentative deal would raise it to $21 from the current $16.20. It remains to be seen whether the group can mobilize enough part-timers, who account for about half of UPS workers.

Persons: Peter Lyngso, Jose Negrete, Negrete, Lyngso, Lisa Baertlein, Susan Heavey Organizations: Parcel Service, Teamsters, REUTERS, International Brotherhood of Teamsters, United Parcel Service, Monday, Leaders, UPS, Reuters, Thomson Locations: U.S, Orange , California, Washington, Chicago, Anaheim , California, Louisville , Kentucky, Los Angeles

☆ After $700 Million U.S. Bailout, Trucking Firm Is Shutting Down
▼ + stars: | 2023-07-28 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

Yellow, the beleaguered trucking company that received a $700 million pandemic loan from the federal government, notified staff on Friday that it is shutting down and laying off employees at all of its locations. The move comes ahead of an expected bankruptcy filing by Yellow in the coming days. The closure of the company would mean the loss of approximately 30,000 jobs and mark the end of a business that just three years ago was deemed so critical to the nation’s supply chains that it warranted a federal bailout. “The company is shutting down its regular operations on July 28, 2023, closing and/or laying off employees at all of its locations, including yours,” the company said in a memo to staff that was reviewed by The New York Times. Yellow has been locked in protracted labor negotiations with International Brotherhood of Teamsters over a new contract that the company has said is essential to its ability to move forward with a restructuring plan.

Organizations: The New York Times, International Brotherhood of Teamsters

☆ Yellow Corp trucking company shares plunge as bankruptcy looms
▼ + stars: | 2023-07-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —The end may be close for Yellow Corp, a nearly century-old trucking company with 30,000 employees. But the company handled only about 7% of the nation’s 720,000 daily LTL shipments last year, said Jindel. Higher prices will particularly be true for Yellow customers, Jindel said. But the LTL segment requires a network of terminals on which to sort incoming and outgoing freight. But eventually non-union carriers came to dominate the LTL segment as well.

Persons: Satish Jindel, “, ”, FreightWaves, Yellow, Sean O’Brien, —, Jindel Organizations: New, New York CNN, Yellow Corp, Teamsters, CNN, Street, Industry, International Brotherhood of Teamsters, Taxpayers Locations: New York, New Penn, Holland

☆ American Airlines pilots' union accepts sweetened labor deal
▼ + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines pilots' union said Thursday that they agreed to a sweetened offer for a new labor contract, less than two weeks after a richer deal at rival United Airlines derailed voting at American. "We appreciate the Allied Pilots Association for its collaborative work to reach an updated agreement on a four-year contract for American's pilots," American said in a statement. American's pilots would start voting on the new deal in August. The deal is the latest in the transportation industry where workers are seeking, and getting, higher wages. A shortage of pilots has emboldened unions to seek bigger raises and other improvements after the pandemic stalled negotiations.

Persons: Robert Isom Organizations: American Airlines, United Airlines, American, Delta Air Lines, Allied Pilots Association, UPS, International Brotherhood of Teamsters, Workers Locations: U.S

Of course, that nickname started with his mother, who called her middle son by his initials, he said in an interview before the UPS deal was announced. O'Brien had warned UPS ahead of the deal not to "go down the road of being greedy, being more loyal to Wall Street than Main Street." O'Brien crisscrossed the country in the weeks ahead of a threatened UPS strike on Aug. 1, fortifying Teamster members' resolve with "practice" pickets and profanity-punctuated speeches. Nelson cheered on O'Brien after the UPS deal in a statement, calling the right to strike the "only countervailing force to capitalism that is otherwise unchecked ... UPS workers have until Aug. 22 to vote on the tentative deal.

Persons: Sean O'Brien, O'Brien, Steven Tolman, John Logan, Shawn Fain, Sara Nelson, Nelson, ROLLBACKS O'Brien, Steve Striffler, We've, Lisa Baertlein, Ben Klayman, Matthew Lewis Organizations: Teamsters, International Brotherhood of Teamsters, United Parcel Service, UPS, Workers, Unions, San Francisco State University, United Auto Workers, of Flight, Boston Local, company, University of Massachusetts, Boston Labor Resource Center, Thomson Locations: ANGELES, U.S, Massachusetts, Los Angeles

☆ Scorching temperatures are making delivery a dangerous job — and it's only getting worse
▼ + stars: | 2023-07-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +10 min

Even outside the hottest US states, heat that delivery workers aren't used to can be dangerous. Several delivery driver deaths have triggered changes. In recent years, delivery drivers reporting heat-related illnesses were second only to construction workers, according to OSHA statistics reported by E&E News. The 2022 death of 24-year-old Esteban Chavez, a UPS driver in Southern California, made national headlines. But his death came less than a year before the International Brotherhood of Teamsters, which represents UPS workers, began re-negotiating its contract with UPS.

Persons: aren't, Jeff Goodell, Goodell, Shawndu Stackhouse, Tom Williams, Esteban Chavez, AccuWeather, Chavez wasn't, wasn't, Chavez, Spencer Platt, it's, James Daniels, San Clemente , CA, Irfan Khan, Greg Abbott Organizations: FedEx, heatwave, OSHA, E, D.C, Inc, Getty, Brotherhood of Teamsters, UPS, —, Los, Los Angeles County Coroner's, Labor Department, of Occupational Safety, Health, Broadway, New York City, Postal Service, it's, Los Angeles Times, Amazon, Texas Gov Locations: Portland, Yosemite, Vermont —, Northeast Washington, Northern California, Southern California, Pasadena , California, Los Angeles County, California, New york City, New York, Texas, San Clemente ,, New York City

☆ UPS and Teamsters to restart talks in effort to avoid strike
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

LOS ANGELES, July 25 (Reuters) - United Parcel Service (UPS) (UPS.N) and the Teamsters union representing 340,000 employees at the package delivery firm plan to meet on Tuesday in an effort to avert a threatened strike on Aug. 1. The scheduled meeting, which both sides have confirmed, would be the first since UPS labor contract negotiators deadlocked on July 5. One estimate put the potential economic impact of a 10-day UPS strike at more than $7 billion, the costliest in modern times. That estimate from Michigan-based Anderson Economic Group includes UPS customer losses of $4.6 billion, lost wages of $1.1 billion and company losses of $816 million. "The vast, vast, vast majority of shareholders are eager to see a strike averted," New York City Comptroller Brad Lander told Reuters.

Persons: Brad Lander, Lander, Lisa Baertlein, Jamie Freed Organizations: United Parcel Service, Teamsters, International Brotherhood of Teamsters, UPS, Anderson Economic Group, York, Reuters, New York Retirement Systems, Thomson Locations: ANGELES, Michigan, York City, Los Angeles

☆ UPS Announces Contract Accord With Teamsters to Head Off Strike
▼ + stars: | 2023-07-25 | by ( Noam Scheiber | More About Noam Scheiber | ) www.nytimes.com time to read: +1 min

United Parcel Service announced Tuesday that it had reached a tentative deal on a five-year contract with the union representing more than 325,000 of its U.S. workers, a key step in averting a potential strike when the current agreement expires on Aug. 1. “Together we reached a win-win-win agreement on the issues that are important to Teamsters leadership, our employees and to UPS and our customers,” Carol Tomé, the company’s chief executive, said in a statement. “This agreement continues to reward UPS’s full- and part-time employees with industry-leading pay and benefits while retaining the flexibility we need to stay competitive.”The union, the International Brotherhood of Teamsters, reported in June that its UPS members had voted to authorize a strike, with 97 percent of those who took part in the vote endorsing the move. The tentative agreement will now go before the membership for ratification. UPS handles about one-quarter of the tens of millions of packages that are shipped daily in the United States, and a strike could dent economic activity, particularly the e-commerce industry.

Persons: ” Carol Tomé Organizations: Parcel Service, Teamsters, UPS, International Brotherhood of Teamsters Locations: United States

☆ UPS and Teamsters reach a labor deal, potentially avoiding a crippling strike
▼ + stars: | 2023-07-25 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +2 min

CNN —UPS and the Teamsters have reached a tentative deal on a new contract. “UPS and the International Brotherhood of Teamsters, the union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement,” the company said in a statement. The pandemic sent lower- and middle-class US workers’ pay surging for the first time in decades, but contract workers missed out on much of those gains. That’s why unionized actors, writers, nurses and teachers have recently gone on strike, and UPS workers and autoworkers have threatened walkouts. Terms of the tentative agreement are not yet known.

Persons: ”, Carol Tomé, Sean M, “ We’ve Organizations: CNN — UPS, Teamsters, UPS, International Brotherhood of Teamsters Locations: U.S

☆ Strike at trucking firm Yellow averted after deal
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +2 min

July 23 (Reuters) - U.S. trucking firm Yellow (YELL.O) averted a threatened strike by 22,000 Teamsters-represented workers on Sunday, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals. Yellow is the third-biggest U.S. trucking company specializing in the less-than-truckload segment that combines shipments from different customers in the same trailer. Competitors, who are grappling with a sharp drop in freight volume, are expected to cherry-pick the company's customers, trucking experts and analysts said. It has successfully won such concessions in the past, but this time was rebuffed by new Teamsters General President Sean O'Brien. A federal judge in Kansas on Friday rejected Yellow's request to block the Teamsters from striking over the delinquent benefit payments.

Persons: Donald Trump, Sean O'Brien, O'Brien, O’Brien, Yellow's, Lisa Baertlein, Ananta Agarwal, Mrinmay Dey, Diane Craft, Chris Reese Organizations: Teamsters, Central, U.S, Walmart, Uber, Apollo Global Management, . Company, International Brotherhood of Teamsters, United Parcel Service, Thomson Locations: U.S, Central States, Nashville , Tennessee, Kansas, Los Angeles, Bengaluru

☆ United Parcel Service, Teamsters union to resume labor talks on Tuesday
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

July 22 (Reuters) - United Parcel Service (UPS.N) said it plans on Tuesday to resume labor talks with the Teamsters union representing 340,000 employees, an effort to avert a strike that could roil supply chains and harm the economy. The two sides in April began talks on a contract covering the company's U.S. drivers, package handlers and loaders. A spokesperson for the International Brotherhood of Teamsters confirmed the Tuesday talks and pointed to a statement detailing its goals for a five-year agreement that increases pay and full-time jobs, and strengthens protections for workers. The company started negotiations "prepared to increase the already industry-leading pay and benefits we provide our full and part-time union employees and are committed to reaching an agreement that will do just that." However, they remain at odds over pay increases for part-time workers who sort packages and load trucks.

Persons: Lisa Baertlein, Gary McWilliams, Diane Craft Organizations: United Parcel Service, Teamsters, International Brotherhood of Teamsters, UPS, Thomson Locations: U.S, Atlanta, Los Angeles

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