MARKET BRIEF | July 2023
Possible UPS Strike Looms: New Deal Needed by August 1
In order to avoid a strike, UPS continues negotiations with the International Brotherhood of Teamsters (IBT) on a new agreement for its U.S. employees by August 1. Here’s the latest …
From UPS.com – 7/14/2023:
Until negotiations at the table resume, we continue to emphasize the importance of reaching a tentative agreement before Aug. 1 to provide certainty for our employees, our customers and the U.S. economy. We are ready to get back to the negotiating table and finalize a deal. While we have made great progress on a new agreement, we have a responsibility as an essential service provider to take steps to help ensure we can deliver our customers’ packages if the Teamsters choose to strike. We, therefore, have begun implementing business continuity plans to prepare for any outcome.
For further updates, visit UPS.com.
Western Canadian Port Strike Ends
The two-week longshore strike that hit the Western Canadian ports of Vancouver and Prince Rupert ended July 13 after the International Longshore and Warehouse Union (ILWU) Canada and waterfront employers reached a deal on a tentative four-year contract. The end of the strike came less than two days after Canada’s Minister of Labor ordered the federal mediator overseeing negotiations to provide recommendations for a settlement. Those recommendations were presented to both sides on July 12, and they were given 24 hours to accept or reject the proposed terms. Rejection by either side would have forced the matter into the hands of the Canadian Parliament. The tentative agreement is subject to ratification by both parties. Details of the agreement were not disclosed.
What to Know About Aerospace Industry Logistics
The aerospace industry is a global sector that demands the efficient and reliable transportation of delicate and valuable cargo. From machinery, equipment, and parts for aircraft and spacecraft to specialized shipments for government agencies, logistics and shipping services play a crucial role in ensuring smooth operations within this complex industry … READ MORE
What to Know About Retail Logistics
In today’s dynamic retail landscape, the efficient management of logistics and supply chain services is crucial for success. From transporting retail cargo to maintaining inventory levels and ensuring timely deliveries, a well-structured supply chain plays a pivotal role in meeting customer demands … READ MORE
What to Know About Domestic Shipping
Efficient shipping services are vital for businesses and individuals alike. Whether it’s delivering goods to customers, transporting essential supplies, or moving personal belongings, understanding the main components of domestic U.S. shipping services is crucial. Here’s an overview of the various shipping options available, highlighting time-definite delivery, transportation capabilities, and shipment tracking features … READ MORE
Joel DiSalvo Named General Manager of Aeronet Houston
Joel DiSalvo has been elevated to be the new General Manager of Aeronet’s Houston station. Mr. DiSalvo previously held the position of Operations Manager. He arrived at Aeronet in October of 2022, and has already made an impact at the station … READ MORE
