Latest posts about Labor
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UPS CFO Newman provides details on new deal with the Teamsters
September 12, 2023
Following the formal ratification of the new five-year contract between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters late last month, a high-level UPS executive provided an overview of the deal, from the company’s perspective, on an analyst call yesterday.
New six-year contract between PMA and ILWU is formally approved
September 1, 2023
ILWU said that 75% of its membership voted in favor of approving the new contract. And it added that this new agreement protects good-paying jobs in 29 West Coast port communities, maintains health benefits, and improves wages, pensions, and safety protections.
Yellow’s Demise Underscores the Need for a New Labor Relations Narrative
August 28, 2023
The bankruptcy of trucking company Yellow has attracted considerable attention since the story broke early this month. But an aspect of the story that is under-reported is how the demise of a 99-year-old trucker and the loss of an estimated 30,000 jobs offers essential lessons about the transition to the workplace of the future.
UPS expects new “win-win-win” contract to be ratified by Teamsters in two weeks
August 8, 2023
United Parcel Service (UPS), celebrating a new tentative five-year labor contract covering 340,000 members at the Teamsters union, says it expects the new deal will be ratified by rank-and-file workers within two weeks.
Nearly all UPS Teamsters local unions sign off on tentative agreement
August 1, 2023
Following a tentative agreement made between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters on July 25, the Teamsters said yesterday that Teamsters local unions voted by a nearly unanimous 161-1 vote in favor of endorsing the tentative agreement and recommend its passage by full membership, for the 340,000 full- and part-time UPS Teamsters members.
End of an era: 100-year-old Yellow Corp. entering bankruptcy in ‘sad day’ for freight
July 31, 2023
Yellow, which had $5.24 million revenue in the $58 billion less-than-truckload (LTL) market, told the union it was formally declaring bankruptcy.
UPS-Teamsters tentative agreement is likely to increase costs for shippers, analysts note
July 26, 2023
As freight transportation, logistics, and supply chain stakeholders (likely) breathed a collective sigh of relief yesterday, following the new five-year tentative agreement reached yesterday between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters, there has been no shortage of opinions and views on how this agreement, assuming it is ratified by UPS Teamsters members next month, will impact shippers, especially as it relates to pricing.
Following contentious negotiations, UPS and Teamsters come to terms on a new five-year tentative agreement
July 25, 2023
With only a few days remaining until the July 31 deadline, the contentious and on-again, off-again labor negotiations between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters reached an amicable outcome today, in the form of a new five-year tentative agreement.
Yellow: Teamsters’ ‘obstruction’ during talks led to freeze on pension payments
July 20, 2023
Yellow Corp. is withholding approximately $50 million in pension contributions to the Teamsters Central States pension fund because it says Teamsters’ leadership is causing “obstruction” to the company’s major change of operations. That is causing what Yellow calls a “liquidity crisis” and the need to implement cash-conservation measures, including its benefit funding deferral request.
UPS and the Teamsters are set to return to the negotiating table next week
July 19, 2023
The on-again, off-again tone of the ongoing, and fairly contentious, labor negotiation talks between Atlanta-based global freight transportation and logistics services provider UPS and the International Brotherhood of Teamsters (IBT) took a positive step. That step was UPS saying that it will return to the negotiating table next week.
With its future uncertain, Yellow addresses Teamsters’ comments on pension payments
July 19, 2023
With the possibility of Nashville-based Yellow Corporation, the third-largest United States less-than-truckload (LTL) carrier, with about 8% of the national market, going on strike ostensibly gaining traction, the company yesterday addressed comments made by the Teamsters yesterday about the company’s employee pensions through the Central States Pension Fund.
UPS initiates contingency plans should its Teamsters’ members strike
July 17, 2023
Taking steps to ensure business operations remain intact, should its Teamsters members go on strike, when the current labor agreement expires, at the end of July, Atlanta-based global freight transportation and logistics services provider said late last week that it making preparations, in the event of a strike.
What to look for when choosing your next forklift
July 13, 2023
This white paper details the most critical considerations for your next lift truck purchase.
Yellow ‘on verge of closing,’ but wins concessions from lenders
July 10, 2023
Yellow Corp., after decades of losses in excess of $1 billion and debt of $1.3 billion, received a little late financial breathing room as the venerable 99-year-old trucking company tries to survive.
Port Tracker report notes August imports will hit a peak amid various labor issues
July 7, 2023
For May, the most recent month for which data is available, Port Tracker reported that import volumes, for the ports covered in the report, came in at 1.93 million TEU (Twenty-Foot Equivalent Units), marking an 8.5% gain over April and a 19.3% annual decline.