The little engine that did.
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UPS begins notifying delivery drivers about optional buyout program
UPS has begun sending letters to about 105,000 package van drivers offering them voluntary severance packages worth $150,000, to resign, the company confirmed on Wednesday.
A federal judge last week cleared the freight transportation giant to move ahead with buyout offers over objections from the Teamsters union. UPS (NYSE: UPS) has decided to reduce headcount by 30,000 this year as part of a network consolidation plan aimed at reducing costs and improving efficiency amid declining parcel volumes. During court arguments, Teamsters lawyers said the union expects up to 10,000 drivers to accept the company’s offer.
AAA Daily Fuel Gauge Report for Friday, 08/11/2017
National Average Price for Regular – Current: $2.358; Month Ago: $2.260; Year Ago: $2.130.
National Average Price for Diesel – Current: $2.525; Month Ago: $2.444; Year Ago: $2.295.