UPS avoids work stoppage as freight workers approve new contract - Marketwatch
A strike would have caused disruption in a trucking market already struggling with tight capacity and higher shipping rates.
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 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.
A strike would have caused disruption in a trucking market already struggling with tight capacity and higher shipping rates.
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 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.
