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The Latest Breaking News from UPS

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

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

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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

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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

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

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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.

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

Barchart

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.

Kiplinger

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.

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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.…

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

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