Less-than-truckload carrier Yellow Corp. said it continues to negotiate with union leaders as the future of the company, which has been in operation for nearly 100 years, may be in jeopardy.

UPS and the Teamsters have reached a tentative five-year collective bargaining agreement that covers more than 340,000 workers, the company and the union announced in separate statements.

Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.

Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.

An agreement between the Teamsters and Central States Funds averts, for now, a strike that could have begun as soon as July 24 against Yellow Corp.

A potential strike by 340,000 unionized workers at UPS Inc. threatens to unravel progress in tackling two of the U.S. economy’s biggest hurdles: inflation and supply chain disruptions.

Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.

The pilots union at Sandy Springs, Ga.-based UPS Inc. plans to honor picket lines in the event of a Teamsters strike against the shipping giant.

J.B. Hunt Transport Services experienced a year-over-year decline in earnings and revenue during the second quarter, the company reported July 18.

XPO has completed the expansion of one of its service centers near Atlanta in an effort to grow capacity in the area, the company announced July 13.