The package revolution

• Amazon is offering to finance individuals to compete with existing package delivery businesses
• While Amazon is setting up owner operators, the teamsters and UPS have tentatively agreed to a new five-year contract to raise wages for existing workers by about .80¢/hour for each of the next 5 years.  The agreement also creates a new class of lower-paid ($20.50/hour to start – going to $30 max) drivers to handle weekend deliveries.  Currently, drivers make double time on Sundays
• UPS is investing heavily to automate its sorting facilities.  FedEx is way ahead of them – and this was reflected in their great earnings last quarter
• Trump wants to privatize parts of the post office.  Several countries have done this already – and it seems like a great idea

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