People hold placards during a rally held by teamsters employed by UPS in downtown L.A., as an August 1st strike deadline against the company nears in Los Angeles, California, U.S. July 19, 2023. REUTERS/Mike Blake LOS ANGELES, July 19 (Reuters) – A U.S. retail industry group on Wednesday urged United Parcel Service (UPS.N) and the Teamsters union to reach a labor contract deal and avert a strike that could result in billions of dollars of economic losses.

The world’s biggest package delivery firm and the International Brotherhood of Teamsters have until midnight on July 31 to reach a contract deal […]

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By Donato