Teamsters urge judge to block UPS from offering $150,000 buyouts to drivers | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]United Parcel Service (UPS) vehicles are seen at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo [Purchase Licensing Rights, opens new tab]- Companies- Summary- Judge to rule in 'short order' on injunction request- UPS plans to extend buyout offers to 105,000 employees ...

This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. UPS' planned building closures in 2026 will impact 22 facilities with International Brotherhood of Teamsters union members across 18 states, according to court documents filed Friday. Buildings in Atlanta, Dallas, Las Vegas and Baltimore are among those "with bargaining unit employees" slated for closure this year, said Daniel Bordoni, UPS' president of ...

Banking Industry - The European financial landscape is experiencing its most rapid consolidation in nearly two decades, highlighted by Nuveen's £9.9 billion takeover of Schroders, marking the end of the British firm's 222 years of independence [2] - Analysts at RBC Capital downgraded Schroders to Sector Perform from Outperform, raising the target price to 610p, indicating limited remaining upside as shares trade near the implied deal value [2] - EU banking M&A has surged to its highest level since the 2008 financial crisis, with February 2026 deal volume surpassing $60 billion [9] Automotive Industry - American automotive giants, including Ford and General Motors, are concerned about the rapid expansion of Chinese EV manufacturers like BYD and Geely, which are exploring joint ventures to produce cars domestically in the U.S. [4] - Ford CEO Jim Farley expressed mixed feelings about the efficiency of Chinese manufacturing, particularly after Xiaomi's EV success, warning that U.S. manufacturers must adopt similar techniques or face potential bankruptcies [5] Gold Market - The price of gold has reached unprecedented heights, recently exceeding $5,066 per ounce, driven by a "flight to safety" amid geopolitical instability [6] - The surge in gold prices has created challenges for the security industry, as the total value of bullion in vaults now exceeds the maximum limits of their insurance policies [7] Defense Industry - Germany is shifting its €108 billion defense budget towards high-tech autonomous systems and AI, responding to internal pressure to move away from traditional military investments [10] - The German government has approved a record €82.7 billion regular defense budget for 2026, with a focus on increasing funding for defense technology, including AI-powered drones [10] Legal and Regulatory Issues - The founders of Turkish delivery firm Getir have filed a $700 million lawsuit against Mubadala, alleging a breach of agreement during the restructuring of the company's assets [11] - The UK government is advancing plans to ban social media for teenagers under 16, aiming to address mental health concerns, which has drawn criticism from tech platforms [12]

跟着年轻人发现新年味□四川日报全媒体记者何涛 李丹 马宁2月11日，南方小年。眉山市东坡区 太和镇，我们跟着中国邮政投递员一起送快递入村，感受乡亲们拆包裹时的快乐。"最近每天有 700多个包裹，比平时多了将近一倍。"早上八点半，太和邮政所的青年投递员白丹已经开始忙碌 起来，码货、装车……还要去一趟永丰村和四维村送货。邮政春节不休。快递入村，越临近年 关，包裹量越是激增。在白丹忙着装车的时候，就已经有人陆续前来自提快递。刘阿姨的包裹 里，是一把红色的塑料丝毛大扫帚，宽60厘米、长80厘米。她从包裹里抖出来装好，笑着说："扫 院子特别好用，我本来有一把，邻居觉得好，我给她也买了一把。"李大哥拆开快递，看着崭新的 水管过滤器，很是满意："安在水管上，可以弯来弯去，洗菜、煮饭，把水过滤了用。"……"这类 零散包裹最近特别多。"白丹介绍，前段时间是备年货高峰期，包裹多以礼盒、新衣等为主。这段 时间，乡亲们在直播间"激情下单"的零散物件渐渐多了起来。包裹装满车后，白丹便驶向了永丰 村。刚进村，73岁的陈纪元大爷便驾着电动摩托车向白丹迎面驶来："我有两个包裹。"陈大爷家 去年通了天然气，今年特意换了新灶，就为了做一顿丰盛的 ...

Core Viewpoint - UPS is undergoing significant workforce reductions, announcing 30,000 job cuts as part of a strategy to decrease its volume from Amazon, following a previous layoff of 48,000 jobs in October 2025 [1][2] Group 1: Job Reductions and Legal Issues - UPS has announced a second driver buyout plan, facing legal action from the International Brotherhood of Teamsters, which seeks to halt this initiative [1][2] - The Teamsters union, representing over 1 million members, filed for a temporary restraining order against UPS's "Driver Choice Program," labeling it an illegal buyout scheme [2][3] - Teamsters General President Sean M. O'Brien criticized UPS for its disregard for legal obligations and contracts with the union, emphasizing the company's role as the largest employer within the Teamsters [3] Group 2: Driver Choice Program - The Driver Choice Program is UPS's second buyout initiative, following the Driver Voluntary Separation Program announced in July 2025, which included a $1,800 annual service award and a minimum payout of $10,000 for participating drivers [4][5] - The specifics of how many drivers accepted the initial buyout remain undisclosed, but the new program is set to be implemented shortly [5] Group 3: Legal Proceedings and Stock Performance - The ongoing legal dispute between Teamsters and UPS may complicate the implementation of the buyout, although UPS has stated that legal proceedings will not impact its operations [6] - Despite the challenges, UPS's stock has seen a 19% increase year-to-date [7]

This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. FedEx is easing its pursuit of general e-commerce volume, focusing its commercial strategy instead on "specialized" segments in the business-to-consumer space along with premium business-to-business shipping, the carrier announced Thursday at its 2026 Investor Day. As a result, FedEx expects to see "low single-digit growth" in B2C volume through 2029 as ...

Core Insights - Grab Holdings forecasts fiscal 2026 revenue below Wall Street expectations, indicating a slowdown in its core ride-hailing and delivery businesses as consumers face economic uncertainty [1] - The company's shares fell approximately 7% in extended trading following the revenue forecast [1] - Grab plans to acquire U.S. digital financial services company Stash Financial for $425 million to enhance its personal finance segment [1] Financial Performance - Grab expects annual revenue between $4.04 billion and $4.10 billion, lower than the estimated $4.13 billion [1] - The company reported fourth-quarter revenue of $906 million, missing estimates of $940.7 million [1] - Grab anticipates a compounded annual revenue growth of 20% from 2025 to 2028 [1] Market Conditions - Sticky inflation in major Southeast Asian markets and the impact of U.S. tariff policies have led consumers to be more selective with their spending [1] - Consumers are curbing discretionary budgets and seeking cost-saving options for regular purchases [1] - Grab has introduced its Saver platform to attract cost-conscious customers through discounts and bundled offers to reduce delivery fees [1]

Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized as a forward-looking technology adopter, utilizing automation and software tools, including generative AI, to enhance workflows [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Group 1 - Significant investors have taken a bullish stance on United Parcel Service (UPS), with 35 uncommon options trades identified, indicating potential insider knowledge of upcoming events [1] - The overall sentiment among large traders is 57% bullish and 28% bearish, with a total of $3,394,418 in call options and $205,410 in put options [2] - The expected price range for UPS over the next three months is between $80.0 and $200.0, based on recent trading activity [3] Group 2 - An analysis of options trading over the last 30 days shows significant volume and open interest trends for UPS, indicating strong liquidity and interest in its options [4] - Industry analysts have set an average target price of $116.4 for UPS, reflecting a cautious but optimistic outlook [6] - Currently, UPS is trading at $119.45, up by 1.0%, with a trading volume of 3,346,797, and RSI readings suggest the stock may be overbought [7]

Group 1: Financial Performance and Analyst Ratings - Bernstein raised the price target for United Parcel Service, Inc. (UPS) to $128 from $125, maintaining an Outperform rating after a strong Q4 2025 performance [1] - UPS's Q4 revenue exceeded expectations, although margins were weaker than anticipated; Bernstein believes the strong revenue performance will help offset the softer margin outlook [1] Group 2: Job Cuts and Strategic Shifts - UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as part of its strategy to reduce exposure to lower-margin deliveries associated with Amazon [2] - The company previously eliminated 48,000 roles and closed 93 locations in 2025 due to declining Amazon-related volumes, with future cuts expected mainly through attrition and voluntary buyouts [4] Group 3: Business Focus and Market Conditions - UPS is shifting its focus towards more profitable segments of its business, moving away from highly dilutive Amazon deliveries [3] - The company, along with competitors like FedEx, is navigating a period of softer demand in the broader delivery market [3]