1. UPS and Teamsters Returning to the Negotiation Table
After a two-week hiatus in negotiations, UPS and the Teamsters union shared last week that they would return to the negotiating table. Both sides shared that they were working on plans to return to the table this week, but no specific dates have yet been made public.
In UPS’ release, they shared they’re “prepared to increase our industry-leading pay and benefits, but need to work quickly to finalize a fair deal.”
The current agreement’s expiration date of July 31 is now one week away.
2. OnTrac Expanding in Texas
The 2021 merger of LaserShip/OnTrac (recently rebranded as simply “OnTrac”) created a transcontinental parcel delivery network designed to offer an alternative to FedEx and UPS. The merger combined the Eastern coverage from LaserShip with OnTrac’s Western U.S. footprint. Now, OnTrac has expanded into major Texas markets – Dallas/Fort Worth, Austin, Houston, and San Antonio.
According to the company, the expansion allows them to provide next-day delivery to an additional 19 million consumers. The carrier’s network can now service 80% of the U.S. population.
3. UPS/Teamsters Strike Could Cost Billions, Shippers Impacted Most
A potential strike at UPS could have massive effects on the economy, according to a study from Anderson Economic Group. The study found that a 10-day strike could cost up to $7 billion. That number includes $1.1 billion in lost wages, $800 million in company losses for UPS, and $4.6 billion in losses among UPS customers, the largest impact by far.