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The Latest Breaking News from UPS

4 things to know on Labor Day — from the Hot Labor Summer to the Hollywood strikes

Organized labor has scored some big victories this year, including new contracts at UPS. Can the winning streak continue?

WEKU

UAW's clash with Big 3 automakers shows off a more confrontational union as strike deadline looms

A 46% pay raise

The Independent UK

Rising tensions between employers and employees has put the labor back in this year's Labor Day

Labor Day is right around the corner

The Independent UK

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2 Cheap Logistics Stocks to Buy for Long-Term AI Gains

UPS and FedEx shares look cheap as the consumer recovers - and new technologies, like AI, could boost margins over the long haul.

Barchart

My £1,399 laptop refund from Amazon is a lost cause

I received a box with a book and other items instead of a computer, but the online retailer doesn’t seem to want to give me my money back

The Guardian - UK

‘He was dripping with sweat’: Kroger worker dies in hot work conditions in Memphis

The union representing workers at the grocery chain had asked the company to allow more breaks and cooler working conditions

The Guardian - US

Here are the big stories from Tamil Nadu today

Five persons from Uttar Pradesh arrested in connection with Madurai train fire; jailed Minister V. Senthilbalaji produced before Special Court; UPS Technology Centre inaugurated in Chennai by CM M.K. Stalin. Arrested accused accused of carrying inflammable articles; court extends Minister's remand till Sept 15; CM hails UPS' decision to set…

The Hindu

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Global shipping and logistics firm UPS intends to hire 1,000 people in India by 2025

UPS inaugurates tech centre in Chennai, plans to hire 1,000 by 2025. Centre spread over 51,000 sq ft, investment of USD 15-20 million. 100 persons hired in Chennai, 350 by 2023, 1,000 by 2025. Naan Mudhalvan scheme to help youth secure high-tech jobs. Centre to focus on nurturing local talent,…

The Hindu

T.N. CM Stalin inaugurates UPS technology centre in Chennai

Tamil Nadu CM M.K. Stalin inaugurated UPS' first Technology Centre in India, in Chennai. He expressed pride in the decision and assured to keep up the trust companies have in TN. TN Logistics Policy & Integrated Logistics Plan 2023, Multi-modal Logistics Park in Mappedu & Coimbatore, 30 GCCs providing 47,000…

The Hindu

Waves of strikes rippling across the US seem big, but the total number of Americans walking off the job remains historically low

More than 323,000 workers – including nurses, actors, screenwriters, hotel cleaners and restaurant servers – walked off their jobs during the first eight months of 2023. Hundreds of thousands of the employees of delivery giant UPS would have gone on strike, too, had they not reached a last-minute agreement. And…

The Conversation

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

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

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The Guardian - US

‘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

Fortune

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.'

Kiplinger

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.

WEKU

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.

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news in one place.

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Fortune

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.

Investors Business Daily

Stock Market Trims Some Losses; This Stock Logs Its Best Day In 23 Years

Financials were the day's weakest sector after Moody's cut some regional banks.

Barchart

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.

Investors Business Daily

UPS Stock Skids As Labor Deal Details Trim Shipping Giant's Outlook

UPS reported mixed second-quarter financials and that the recent labor deal could reduce 2023 revenue.

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.

Investors Business Daily

Shipping Bellwether Rockets As Profit Slows; UPS Q2 On Deck

Logistics leader XPO profit falls less than expected, but fuel surcharges dwindle. Is that a signal for Tuesday's UPS stock earnings?

The Independent UK

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

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

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