To this end, during the second quarter, higher labor costs associated with the new Teamsters contract drove UPS’s adjusted profit down by almost 30% even as sales fell by a much more modest 1.1%.

UPS Inc. plans to offer voluntary buyouts to union-represented delivery drivers for the first time in the company’s history as part of an effort to boost profit by slimming down its operations ...

Business Insider reports full-time UPS workers will see their salaries and benefits hit $170K per year by the end of their five-year contract with the Teamsters Union. The delivery service came to ...