Overview

• The Teamsters union has rejected UPS's contract offer over disagreements about part-time worker wages.
• UPS and the Teamsters had reached tentative agreements on some issues, but a pay raise for part-timers remains a major sticking point.
• The union has threatened to strike if an agreement is not reached by the July 31 contract deadline.
• A potential UPS strike could severely disrupt supply chains and delivery operations, costing the US economy billions.
• The White House says it hopes the parties will reach an agreement and avert a strike.