The Wall Street Journal: UPS avoids work stoppage as freight workers approve new contract [MarketWatch]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: MarketWatch
UPS avoids work stoppage as freight workers approve new contract United Parcel Service Inc.’s freight workers ratified a final contract offer, averting a work stoppage that prompted the carrier to clear its network ahead of the vote. The final offer cleared with 77% of votes cast approving the five-year contract, the Teamsters union said Sunday. The agreement covers 11,600 workers. UPS UPS, -1.78% said it would immediately resume pickups for its freight customers, which primarily ship heavier goods and bulk shipments that move on pallets. The company last week stopped picking up orders to empty its freight network of any cargo that could have been stranded during a strike. “We thank our customers for their patience and loyalty,” UPS said in a statement Sunday. The agreement prevents what would have been the company’s first work stoppage since 1997 and provides a measure of labor peace ahead of the busy peak shipping season. An expanded version of this report appears on WSJ.com.
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UPS
Earnings
- 1/30/24 - Beat
UPS
Sec Filings
- 3/27/24 - Form 4
- 3/22/24 - Form 4
- 3/22/24 - Form 4
- UPS's page on the SEC website