USPS 8% Fuel Surcharge, UPS Retracts Buyouts & Tesla Semi Range | The Morning Minute
The US Postal Service is proposing a historic 8% fuel surcharge on parcel products to combat rising transportation costs fueled by the war in Iran. This unprecedented move aims to help the agency manage skyrocketing gasoline and diesel prices while transitioning to a sustainable long-term pricing model. In the logistics sector, intense union pressure has forced UPS to walk back a massive $150,000 driver buyout program across 13 states. The Teamsters union successfully argued that these lucrative separation agreements bypassed regional contracts, stalling the company's efforts to eliminate…
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