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The International Brotherhood of Teamsters announced late Tuesday that 91% of UPS Freight employees have agreed to a measure that authorizes a strike should current contract negotiations fail to address workers’ concerns, Supply Chain 24/7 reports. The union is hoping to boost starting wages for part-time employees, as well as win increased contributions to health and welfare and pension funds from UPS.
Wendy’s Tomatoes
Responding to customer preferences for fresher produce, Wendy’s is shifting tomato production from Mexican fields to the vine-ripened variety grown in greenhouses, the Wall Street Journal reports. The move should allow the company to deliver more ripe — and therefore more flavorful — tomatoes to its restaurants.
U.S. Trade
The U.S. trade deficit fell to a seven-month low in April, CNBC reports, as exports rose to a record high. The Commerce Department said on Wednesday the trade gap dropped 2.1% to $46.2 billion, the smallest since September.
May NMI
And finally, an economic update: Economic activity in the non-manufacturing sector grew for the 100th consecutive month, according to the latest Institute for Supply Management (ISM) report, registering 58.6 in May. While business prospects remain strong for the future, companies also expressed concerns about the effects of tariffs on costs in the near term.
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