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☆ The airline lost his bags. He crossed the Atlantic to find them
▼ + stars: | 2023-08-17 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

Flying over, they had a 90-minute layover in London, which should have been enough – British Airways recommends an hour between flights. Plenty of travelers these days are packing tracking devices into their bags, meaning that they can see where their “lost” bags are when airlines drop the ball. Each day, buying clothes and toiletries when needed, the family logged into British Airways’ lost luggage system to see where their bags were. Searching for her own lost bags in Florence airport, she had seen theirs and, after noting details on the tags, wanted Bunce to know they were there. The British Airways system still told them that the bags had not been traced, but now they had a lead.

Persons: Brett Bunce, Bunce, Gwyn, Carolina, Bel Paese, she’d, Sandra Shuster, “, ”, Anne Johnson, Tim Clayton, Corbis, it’ll, ” Keen, He’d, you’d, he'd, Brett Bunce Bunce, – they’d, “ I’m, Aleandro, you’re Organizations: CNN —, British Airways, London Heathrow, United Airlines, Baltimore, Staff, Getty, American Airlines, Florence Peretola Airport, ”, CNN, FedEx Locations: Italy, Florence, Miami, London, Rome, Naples, Heathrow, Denver, Chicago, Colorado, Carolina, we’d, cobblestones

☆ Opinion | Those Double-Parked Amazon Trucks Are More Than Just an Annoyance
▼ + stars: | 2023-08-17 | by ( Christopher Caldwell | ) www.nytimes.com time to read: +3 min

But the public’s leverage is weak, the political dynamics are complex and the alternatives are fewer than they used to be. The upshot was an enduring advantage for internet retailers over bricks-and-mortar stores. Adding insult to injury, the big internet retailers have taken great advantage of a communal resource. The real estate that Amazon and other vendors require to make their deliveries is not private but public. We faced a smaller version of this problem with the surge of urban lunch trucks a decade ago.

Persons: ’, it’s Organizations: UPS, FedEx Locations: North Dakota, New Jersey, New York City, Philadelphia

☆ CFOs are stepping into a rapidly revolving door
▼ + stars: | 2023-08-14 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Aug 14 (Reuters Breakingviews) - Chief financial officers are stepping into an increasingly rapidly revolving door. loadingIn the first half of this year, 103 of the top 1,000 companies ranked by Fortune lost their CFO, according to executive search firm Heidrick & Struggles. CFOs are grappling with rising inflation and interest rates – in some cases, for the first time in their careers. High CFO turnover looks far from transitory. Follow @jennifersaba on TwitterCONTEXT NEWSTesla said on Aug. 7 that its Chief Financial Officer Zachary Kirkhorn was stepping down.

Persons: Elon Musk, Zachary Kirkhorn, Francois, Xavier Roger, Anna Manz, Fortune, Refinitiv, Ruth Porat, Morgan Stanley, Mike Cavanagh, NBCUniversal, Mike Lenz, Unilever’s, Graeme Pitkethly, Walt Disney’s, Christine McCarthy, James Kehoe, Crist Kolder, Tesla, Vaibhav Taneja, Kirkhorn, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Reuters, Finance, Walgreens Boots Alliance, London Stock Exchange, Reuters Graphics Reuters, Comcast, Walgreens, CFOs, Thomson Locations: Swiss

☆ US agencies investigate close call between Southwest plane, Cessna
▼ + stars: | 2023-08-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A Southwest Airlines check-in area sits empty after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. The facility’s automated surface surveillance system alerted the controller about the developing situation and the controller directed the Cessna to discontinue landing. A person briefed on the matter said the initial review shows the Cessna passed over the top of the Southwest airplane by about 100 feet. The controller had cleared the FedEx plane to land and the Southwest plane to depart. The NTSB said the airport surface detection equipment issued an alert, and the air traffic controller gave go-around instructions to the JetBlue flight.

Persons: Jim Vondruska, David Shepardson, Andrew Heavens, Matthew Lewis, Raju Gopalakrishnan Organizations: Southwest Airlines, U.S . Federal Aviation Authority, FAA, Chicago Midway International, REUTERS, U.S . Federal Aviation Administration, National Transportation Safety, Boeing, Cessna, Daylight, San Diego International, FedEx, Southwest Boeing, Lear, JetBlue, NTSB, JetBlue Embraer, Thomson Locations: Chicago , Illinois, U.S, San Diego, San Jose, Austin , Texas, Boston, Washington

☆ US FAA investigates near collision between Southwest plane, Cessna
▼ + stars: | 2023-08-12 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A Southwest Airlines check-in area sits empty after Southwest Airlines flights resumed following the lifting of a brief nationwide stoppage caused by an internal technical issue, according to the U.S. Federal Aviation Authority (FAA), at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. REUTERS/Jim VondruskaAug 12 (Reuters) - The Federal Aviation Administration (FAA) said on Saturday it is investigating a near collision between a Southwest Airlines (LUV.N) Boeing 737 and a Cessna Citation business jet in San Diego, the latest in a series of troubling U.S. aviation incidents. The facility’s automated surface surveillance system alerted the controller about the developing situation and the controller directed the Cessna to discontinue landing. A person briefed on the matter said the initial review shows the Cessna passed over the top of the Southwest airplane by about 100 feet. The controller had cleared the FedEx plane to land and the Southwest plane to depart.

Persons: Jim Vondruska, David Shepardson, Andrew Heavens, Matthew Lewis Organizations: Southwest Airlines, U.S . Federal Aviation Authority, FAA, Chicago Midway International, REUTERS, Federal Aviation Administration, Boeing, Cessna Citation, San Diego International, Cessna, National Transportation Safety, FedEx, Southwest Boeing, Lear, JetBlue, NTSB, JetBlue Embraer, Thomson Locations: Chicago , Illinois, U.S, San Diego, San Jose, Austin , Texas, Boston, Washington

☆ Inflation may be cooling — but drivers can’t seem to catch a break
▼ + stars: | 2023-08-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +9 min

Another hefty expense is car insurance, up 17.8% from a year ago. Car repairs and car insurance were the second- and third-largest annual price increases, respectively, tracked by the CPI. Paul Baxter, a mechanic who owns Bullet Proof Off-Road & Auto, a car repair shop in Mesa, Arizona, said he’s paying 30% more for car parts compared to before the pandemic. To keep the lights on, he marks up car parts he sells to customers by 20% to 30%, he told CNN. Paul Baxter, who opened his auto shop in 2016, has had to raise prices due to the rising cost of car parts.

Persons: there’s, Hunter Scott, Scott, ” Scott, they’re, Pam Franks, “, haven’t, ” Franks, Roszell, Kristin Brocoff, hasn’t, CarMD, Paul Baxter, Baxter hasn’t, Paul Baxter Baxter, Baxter, who’s, ”, Ted Canty, Canty, he’s, we’re Organizations: New, New York CNN, Navy, Craigslist, Metro, CNN, Bureau of Labor Statistics, CPI, Farm, Toyota, state’s Department of Insurance, P Global, Auto, FedEx, Social Security, Volkswagen, Security Locations: New York, Arlington , Virginia, Washington , DC, Washington, DC, skyrocket, Louisiana, Pineville , Louisiana, United States, Mesa , Arizona, Wimauma , Florida

☆ Collin Morikawa pledges to donate $1,000 per birdie to Maui wildfire recovery
▼ + stars: | 2023-08-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Collin Morikawa will donate $1,000 for every birdie he makes on the PGA Tour this month to support those affected by the devastating wildfires in Maui, Hawaii, the American golfer announced Thursday. The two-time major champion will set aside the sum for each birdie holed across three FedEx Cup Playoff events, starting with the FedEx St. Jude Championship, which teed off in Memphis, Tennessee, on Thursday. Though Morikawa was born and raised in California, his family emigrated to Maui from Japan, with his grandparents owning a restaurant in Lahaina. 22 has already added $6,000 to the pot, having holed six birdies during an impressive opening round at the FedEx St. Jude Championship on Thursday. Ahead of the start of Friday’s round, Morikawa is two shots behind Spieth at five-under.

Persons: CNN — Collin Morikawa, Josh Green, Richard Bissen, Morikawa, ”, “, ” Morikawa, texted, ’, Andy Lyons, Jordan Spieth, Tom Kim, Spieth Organizations: CNN, PGA, FedEx, FedEx St, Jude, It’s, Getty, TPC, BMW Championship, East Lake Golf Club Locations: Maui, Hawaii, Memphis , Tennessee, Lahaina, California, Japan, Instagram, Maui United, “, Illinois, Chicago, Atlanta , Georgia

☆ Here are Friday's biggest analyst calls: Amazon, Netflix, Nio, Coinbase, Apple, Chevron, BJ's, Carvana
▼ + stars: | 2023-08-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on shares of Apple. JPMorgan reiterates Netflix as overweight JPMorgan said it's standing by its overweight rating on Netflix shares. Morgan Stanley upgrades DigitalOcean to equal weight from underweight Morgan Stanley said in its upgrade of the software company that its thesis on DigitalOcean has largely played out. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said the company still has "alot to prove." Wells Fargo reiterates Chevron as overweight Wells said it's standing by its overweight rating on shares of Chevron.

Persons: Morgan Stanley, Apple, it's, hasn't, pushback we've, Mizuho, Coinbase, Redburn, DigitalOcean, Nio, Carvana, Wells, Wells Fargo, BJ, JPMorgan, Krispy Kreme, Krispy, Stephens, Wolfe downgrades Stanley Black, Decker, Wolfe, Argus Organizations: Apple, iPhone, Services, JPMorgan, Netflix, ARM, Walmart, Credit Suisse, HOOD, " Bank of America, Oncology, Bank of America, Citi, Cisco Citi, Cisco, Arista, Juniper, Enterprise, Deutsche Bank, Deutsche, Chevron, FedEx, Garden Entertainment Locations: Coinbase, 2Q, HOOD

☆ Jon Rahm’s ‘crazy’ request for the PGA Tour – a porta potty at every hole
▼ + stars: | 2023-08-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

CNN —Given the power to change anything on the PGA Tour, Jon Rahm says he would prioritize one addition above all others. “I know this is going to sound very stupid, but as simple as having a freaking porta potty on every hole. CNN has contacted the PGA Tour for comment on Rahm’s request. Thrilled with the nutritionists on hand at The Players Championship, Rahm wants to see them employed across more PGA Tour events, as well as expansions of on-site workout facilities. “I’ve had a good career so far, and only once I’ve been able to get multiple PGA Tour wins,” Rahm said.

Persons: Jon Rahm, It’s, “, I’ve, ”, Rahm, Sergio Garcia, Darren Clarke, Andrew Redington, Brooks Koepka, Koepka’s, “ I’ve, –, ” Rahm, Jon Super Organizations: CNN, PGA, K, Augusta, FedEx St, Jude Championship, TPC, FedEx Locations: Straffan, Kildare, Ireland, Memphis , Tennessee

☆ UPS cuts margin, revenue forecasts as new labor contract weighs
▼ + stars: | 2023-08-08 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

A UPS delivery van is driven long a city street in Garden Grove, California, U.S., March 29, 2022. REUTERS/Mike Blake/File PhotoAug 8 (Reuters) - United Parcel Service on Tuesday cut its full-year revenue and margin forecasts and its shares fell 5.1% in premarket trading, as the world's largest delivery company expects a hit to volumes from a new labor contract. Some analysts said a potential loss for UPS is a gain for FedEx. "The implied market share loss in UPS guidance maybe a positive readthrough for FedEx, which likely benefited from the UPS labor deal related uncertainty," BMO Capital Markets analyst Fadi Chamoun said in a note. To shield its profit, UPS has been focusing on moving high-margin parcels, but its second-quarter sales took a hit from lower domestic and international package revenue.

Persons: Mike Blake, Fadi Chamoun, Carol Tomé, Priyamvada, Arun Koyyur Organizations: UPS, REUTERS, United Parcel Service, Teamsters, FedEx, BMO Capital Markets, Revenue, Thomson Locations: Garden Grove , California, U.S, Bengaluru

☆ Trucking giant Yellow declares bankruptcy after nearly 100 years in business
▼ + stars: | 2023-08-07 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Trucking giant Yellow declared bankruptcy and will shut down. The company received a $700 million loan from the federal government in 2020. Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. The Teamsters supported the $700 million loan when it was first announced.

Persons: Darren Hawkins, Sean O'Brien, Yellow, Trump, Bruce Chan Organizations: Teamsters, Morning, Yellow Corp, New England Motor, Former, FedEx, ABF, YRC, Inc, Street, Central States Health, Welfare Fund, U.S, Bankruptcy, Treasury Department, Treasury, Defense Locations: U.S, Nashville , Tennessee, Delaware

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Aurora got self-driving trucks on the roadTrucking is an integral part of the economy, representing over 70% of freight moved in the U.S. Yet, it is dogged by driver shortages, safety issues and supply chain challenges. Pittsburgh-based Aurora is hoping to solve these problems and more by bringing self-driving technology to trucks. While other autonomous companies such as Starsky Robotics and TuSimple have folded or scaled back efforts in the U.S., it is now delivering loads for customers such as Uber Freight and FedEx in Texas.

Persons: Aurora Organizations: Pittsburgh, Starsky Robotics, Freight, FedEx Locations: U.S, Texas

☆ Inside Aurora’s autonomous trucking operation in Texas
▼ + stars: | 2023-08-06 | by ( Andrew Evers | ) www.cnbc.com time to read: +1 min

Trucking is an integral part of the economy, representing over 70 percent of freight moved in the U.S. Yet, it is dogged by driver shortages, safety issues and supply chain challenges. With the Aurora Driver, you'll be able to do that in about 24 hours," says Aurora co-founder and CEO Chris Urmson. The company is training its system with safety drivers on routes between Dallas and Houston, and Dallas and El Paso. CNBC got an exclusive behind-the-scenes look at its self-driving operation outside of Dallas.

Persons: you'll, Chris Urmson, Schneider, Werner Organizations: Pittsburgh, Innovation, Aurora, Starsky Robotics, Freight, FedEx, CNBC Locations: California, Dallas, U.S, Aurora, Texas, Houston, El Paso

☆ Focus: Key trade loophole keeps cheap Chinese products flowing to US
▼ + stars: | 2023-08-04 | by ( Katherine Masters | ) www.reuters.com time to read: +6 min

Data from U.S. Customs and Border Protection shows that de minimis shipments into the U.S. rose to 685.5 million in 2022, up nearly 67% over 2018. That equals roughly two to three million packages a day, Robert Silvers, Under Secretary for Policy at the Department of Homeland Security, told lawmakers in July. A bipartisan group of U.S. lawmakers in June introduced bills that would ban de minimis shipments from China upon enactment. Rival U.S. retailers also have grown increasingly concerned about the exemption as Shein and Temu have gained market share. In 2015, Congress raised the cap on de minimis shipments to $800 from $200, making the U.S. threshold one of the highest in the world.

Persons: Dado Ruvic, Shein, Peter Pernot, Robert Silvers, minimis, Jason Smith, Temu, Steve Story, They're, Erik Autor, Katherine Masters, Anna Driver Organizations: REUTERS, PDD Holdings, U.S, Reuters, American Apparel and Footwear Association, de, U.S . Customs, Border Protection, Department of Homeland Security, Republican, Columbia, Apex Logistics International, UPS, FedEx, Barlow & Company, Thomson Locations: China, U.S, Beijing, Mexico, Canada

Yellow's demise underscores the shift in the U.S. trucking industry from too few trucks and truck drivers during the pandemic to too many today. Most U.S. trucking companies have about 20% spare capacity in their networks, Stifel analyst Bruce Chan said in a client note on Monday. Yellow struggled for more than a decade after loading up on debt from acquisitions of rival trucking firms Roadway and USF. Still, it is not good news for Yellow's customers, which likely will face double-digit price increases when they turn that business over to companies, Chan said. "If you weren't prepared for this, it's probably a pretty tough day for you," Adamo said of Yellow's customers.

Persons: Bruce Chan, Chan, Stifel's Chan, Donald Trump, Ken Adamo, it's, Adamo, Lisa Baertlein, Marguerita Choy Organizations: Yellow Corp, Walmart, Teamsters, Forward, TFI, FedEx Freight, Dominion, Apollo Global Management, Analytics, Thomson Locations: ANGELES, U.S, USF, Los Angeles

☆ Zara founder Ortega's real estate fortune hit $20 bln in 2022
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

MADRID, July 27 (Reuters) - The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex (ITX.MC), on Thursday reported a 2.8 billion-euro jump in the market value of its real estate assets last year, to 18.1 billion euros ($20.08 billion). The United States, where Inditex plans to open more of its Zara stores, has been one of Ortega's main markets. Pontegadea booked a net profit of 2 billion euros last year, up from 1.6 billion euros in 2021, mainly due to dividends from Inditex, which soared as its key brand Zara quickly recovered from the COVID-19 pandemic. Pontegadea, which for years mainly focused on real estate, has also been looking into energy companies, buying stakes in solar plants, electricity grid operators and wind farms. ($1 = 0.9038 euros)($1 = 0.9015 euros)Reporting by Corina Pons; editing by Catarina Demony and Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.

Persons: Amancio Ortega, Ortega, Pontegadea, Corina Pons, Catarina Demony, Andrei Khalip Organizations: Fedex, Thomson Locations: MADRID, United States, New York, Seattle, Zara, Inditex

☆ The EV price wars could hurt automakers when it comes to one of their most important groups of customers
▼ + stars: | 2023-07-27 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Electric trucks, long touted as a key to broader EV adoption, are a wildcard in the electric vehicle price war. Automakers are investing billions of dollars to electrify their product lineups not just for the average car buyer, but also for these fleet customers. "You're watching your numbers, you're watching your budget, you're watching the profit you're making." Still, automakers can't afford to jerk these buyers around with EV price changes. Smaller fleet customers are also very important for dealers, and electric trucks are a big gamble to sell to these customers, dealers who spoke with Insider said.

Persons: they're, Robby DeGraff, Tyson Jominy, Ford, Jominy Organizations: Morning, Car, EV, Amazon, FedEx, Walmart, Silverado Locations: .

☆ UPS labor deal could pressure delivery firm's annual outlook, say analysts
▼ + stars: | 2023-07-26 | by ( Aishwarya Nair | ) www.reuters.com time to read: +2 min

July 26 (Reuters) - A tentative labor deal between United Parcel Service (UPS.N) and the Teamsters union on Tuesday could pressure full-year outlook for the world's largest parcel delivery firm, according to analysts. UPS shares closed down 1.9% on Tuesday signaling investor worries about the labor deal's impact on costs. Analysts say the new agreement could weigh on the company's margins at a time when most operators are cutting costs to protect profits amid an industry-wide slowdown. Susquehanna analyst Bascome Majors expects the new deal could drive UPS' cost per piece 2.5% higher than the brokerage's current expectations. Meanwhile, Wells Fargo analyst Allison Poliniak estimated the new contract could reduce UPS' 2024 earnings per share by more than $1.

Persons: Stephens, Jack Atkins, Majors, Fadi Chamoun, Wells, Allison Poliniak, Aishwarya Nair, Priyamvada, Shounak Dasgupta Organizations: United Parcel Service, Teamsters, UPS, FedEx, Susquehanna, BMO, Thomson Locations: U.S, Bengaluru

☆ 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-Teamsters tentative agreement, explained
▼ + stars: | 2023-07-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But if the Teamsters vote yes, there are a number of clear winners. Teamsters members at UPSThe deal include many of the main bargaining goals sought by the union. He still has to worry about about a strike against one or more major automakers by the United Auto Workers union in September. But averting a Teamsters strike is one fewer thing for him to worry about. The last time the Teamsters members at UPS voted on a tentative deal, they voted it down.

Persons: Martin Luther King Jr, “, ”, Carl Morton, Joe Biden, Joe Biden’s, Still, Biden, He’s, Sean O’Brien, Satish Jindel, it’s, There’s, ” O’Brien, he’s Organizations: New, New York CNN, UPS, Teamsters, CNN, Anderson Economic Group, United Auto Workers, UAW, Tuesday, Labor Statistics, Labor Department, Hollywood, Teamsters Tuesday, FedEx Locations: New York, Philadelphia, Michigan

☆ UPS and Teamsters Union reach tentative labor deal
▼ + stars: | 2023-07-25 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO: UPS workers, who are members of the Teamsters Union, take part in a 'practice picket line' ahead of an upcoming possible strike, outside of a UPS Distribution Center in Brooklyn, New York, U.S., July 14, 2023. REUTERS/Brendan McDermid/File Photo(Reuters) -UPS has reached a tentative five-year labor deal with the Teamsters Union that represents about 340,000 U.S. workers at the parcel delivery firm, the company said, sending its shares up 2.3% on Tuesday. A 10-day strike at UPS could have cost the U.S. economy more than $7 billion, a think tank specializing in the economic impact of labor actions said. UPS currently handles about 20 million packages a day - about quarter of the parcel shipments in the United States. The tentative contract deal must now be ratified by the workers.

Persons: Brendan McDermid, Sean M, O’Brien, Carol Tomé Organizations: Teamsters Union, UPS, REUTERS, FedEx, Anderson Economic Group, AEG Locations: Brooklyn , New York, U.S, Michigan, United States

July 24 (Reuters) - FedEx pilots have rejected a tentative contract deal with the parcel delivery firm and the two sides will reopen negotiations, likely under the supervision of the National Mediation Board, the company and the pilots' union said on Monday. The Air Line Pilots Association (ALPA) did not detail the reasons why members voted 57% to 43% to reject the deal. "Our members have spoken and we will now regroup," Captain Chris Norman, FedEx ALPA chair, said in a statement. The tentative FedEx deal included a 30% pay increase and a 30% increase to the pilots' legacy pensions. American Airlines (AAL.O) and the Allied Pilots Association are revising their tentative deal following the United agreement.

Persons: Chris Norman, Priyamvada, Lisa Baertlein, Devika Syamnath, Susan Heavey, Hugh Lawson Organizations: FedEx, National Mediation Board, Air Line Pilots Association, United Airlines, ALPA, American Airlines, Allied Pilots Association, United Parcel Service, UPS, Thomson Locations: Bengaluru, Los Angeles

☆ FedEx shares drop following Pilots Union rejection of tentative agreement
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx shares drop following Pilots Union rejection of tentative agreementCNBC's Frank Holland joins 'Halftime Report' to discuss the FedEx Pilots rejecting a tentative union agreement, fear of an upcoming UPS strike, and how a strike on delivery services could impact the businesses that rely on them.

Persons: Frank Holland Organizations: FedEx, FedEx Pilots, UPS

☆ FedEx pilots reject 30% pay hike proposal, but a strike isn’t imminent
▼ + stars: | 2023-07-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The FedEx pilots who belong to the Air Line Pilots Association voted 57% against the proposed contract, which was reached in May and endorsed by union leadership. But even with the “no” vote, the 5,200 FedEx pilots won’t be able to go on strike any time soon. FedEx pilots are covered by the Railway Labor Act, which despite the name, covers both rail workers and airline employees. The FedEx pilots, who unlike most FedEx employees count as airline employees when it comes to which labor law they work under, have not cleared any of those hurdles so far. There have been numerous examples in recent years of union rank-and-file voting no on deals that were recommended by union leadership.

Persons: won’t, ”, “, John Deere Organizations: New, New York CNN — Pilots, FedEx, Air Line Pilots, Teamsters, UPS, Railway Labor Act, United Airlines, American Airlines, United, United Auto Workers Locations: New York, United States

☆ Aaron Rodgers Is Now a Jet (and Becoming a New Yorker, Too)
▼ + stars: | 2023-07-24 | by ( Wesley Morris | More About Wesley Morris | ) www.nytimes.com time to read: +2 min

One recent Friday afternoon, I found myself walking a few feet behind a fellow who turned out to be Rodgers. We were both on our ways somewhere in SoHo, and I went out of mine to stick with him for a few extra blocks. At some point, on Grand, a street that doubles as a parking lot at that time of day, a gentleman with taxi-livery plates leaned out of his window and somehow audibly mouthed, “You’re walking behind Aaron Rodgers.” He could have yelled at Rodgers himself. They know that we know and are maybe grateful that we’re letting them be. That’s a question that’s dogged him all over the city, especially at the Tonys: You lost?

Persons: Rodgers, ”, Aaron Rodgers, We’ve, he’s Organizations: Jets, FedEx, Super Locations: SoHo, York, Green Bay, Soho

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