UPS Plans To Hire Over 100K Seasonal Workers For 2023 Holiday Season

UPS Agrees To Acquire MNX Global Logistics For Undisclosed Terms

UPS (UPS) announced Thursday that it has entered into an agreement to acquire MNX Global Logistics (MNX), a global time-critical logistics provider. The value and terms of the transaction are not being disclosed at this time.

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UPS' Contract Negotiations With Teamsters Union Collapse

The marathon negotiations between United Parcel Service and the union representing its employees over a new contract have collapsed after failing to agree on the terms. The parties have been on the bargaining table ahead of the expiration of the current UPS Teamsters contract, covering more than 340,000 full and part-time workers, on July 31.

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UPS Intends To Hire At Least 60K For Holiday Season In One Weekend

UPS (UPS) said Tuesday it plans to hire at least 60,000 of the 100,000+ seasonal employees it needs for the holiday season in one weekend. UPS Brown Friday begins Nov. 4, with more than 450 in-person and virtual events scheduled across the country.

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Boeing Confirms Receipt Of Order For Eight More 767 Freighters From UPS

Aircraft maker Boeing Co. (BA) announced Monday an order from package delivery company United Parcel Service, Inc. (UPS) for eight more 767 Freighters. The incremental order will increase UPS's 767 Freighter fleet to 108 airplanes, enabling the global carrier to further modernize and sustainably grow its fleet.

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Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

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Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.

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U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

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U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

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