The tentative agreement is a positive move, especially for many tobacco businesses that rely on UPS for product delivery. In 2016, FedEx officially ended cigar and tobacco shipments, leaving UPS as the sole choice for many manufacturers. Had an agreement not been reached, UPS had authorized a strike, which would have occurred in August. While this would have been after this year’s International Premium Cigar & Pipe Retailers Association (IPCPR) trade show and international convention, many products debuting and sold during that show begin shipping in August, meaning a strike would be very disruptive and costly.
You can read the full press release about UPS and Teamsters negotiations by clicking here.