UPS drama – a Premium back and forth on key bits and pieces
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TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
CNN reports:
Ahead of a looming UPS nationwide strike, Teamsters union President Sean O’Brien said during a rally speech in Atlanta Saturday, “We’ve organized, strategized, now it’s time to pulverize.”
Speaking with CNN’s Isabel Rosales, O’Brien said 95% of the contract has been negotiated, and “now we’re down to economics, and UPS knows they need to pay our members, especially the part-timers.”
A UPS spokesperson has said part-timers receive the same benefits as full-time workers. However, they do make less than full-time employees who make, on average, $95,000 a year, as CNN previously reported. Part-timers start by earning $16.20 an hour and are eligible for a higher hourly rate after 30 days. On average, part-time workers make $20 an hour, according to the spokesperson.
When asked what happens if a deal is not reached by July 31, O’Brien said they would withhold their labor on August 1 at 12:01 a.m.
“UPS represents our members that deliver goods and services that deliver 7% of gross national product,” O’Brien added. “So, the [UPS] supply chain solutions will take a huge hit.”
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