The new agreement averted a strike that would have begun if Yellow had remained delinquent on payments to a fund that provides benefits for most of the company's workers.
If Germany approves the expansion plans, Tesla’s gigafactory will be able to increase its battery storage capacity to 100 gigawatt hours per year from 50 gigawatt hours currently.
UPS said that it is pleased to be continuing contract negotiations and that it's prepared to meet some of the union’s demands for better pay and more benefits.
The union said that a board overseeing the Teamsters' pension and welfare funds will suspend benefits starting July 23 unless Yellow Corp. makes the payments it missed July 15.
Pierfrancesco Manenti, Gartner vice president analyst, says "commercial innovation" refers to the efficiencies that chief supply chain officers bring to the provider and to the customer.