UPS said that the five-year agreement covers U.S. Teamsters-represented employees in small package roles and is subject to ratification by union members.

The two biggest supply chain challenges today are the labor shortage and changing consumer demand, says George Koutsaftes, president and CEO of Honeywell Safety and Productivity Solutions.

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.

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 British Columbia Maritime Employers Association said the actions by both sides show that the negotiations remain unpredictable.

Millions of Americans have grown accustomed to next-day and same-day delivery of their goods. But that level of service might not be sustainable for much longer.

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.

Tata will invest over £4 billion ($5.15 billion) to build the battery cell gigafactory factory, which is expected to create up to 4,000 jobs.

ILWU Canada said that it did not believe the recommendations proposed by mediators would sufficiently protect port workers’ jobs now or in the future.

During a July 16 webcast, Teamsters president Sean O’Brien said that he asked the White House to stay away on numerous occasions.