Group 1 Q2 net income falls 13% despite record revenue
The Houston dealership giant continued to generate revenue gains from acquisitions and service and parts business growth.
Mercedes vehicles aboard cargo ship ablaze off Dutch coast
A EV may have started a fire aboard a large cargo ship on route from Germany to Egypt. One of the 23 crew members died and several were injured.
Nissan eyes exporting more from China as sales slump
CEO Makoto Uchida says Nissan had not yet decided on an export plan or determined a target market for China-made product. But he says Nissan must consider emergency measures to boost business in China, where sales slumped 46 percent in the quarter.
UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike
By HALELUYA HADERO (AP Business Writer)
NEW YORK (AP) — UPS has reached a tentative contract with its 340,000-person union, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide.
The agreement was announced Tuesday, the first day that UPS and the Teamsters returned to the table after contentious negotiations broke down earlier this month.
Negotiators had already reached tentative agreements on several issues but continued to clash over pay for part-time workers, who make up more than half of the UPS employees represented by the union.
The Teamsters hailed the agreement as “historic.”
Under the tentative agreement, which still needs union members’ approval, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 more by the end of the five-year contract. The agreement also includes a provision to increase starting pay for part-time workers — whom the union says are the most at risk of exploitation — from $16.20 per hour to $21 per hour. The average pay for part-timers had been $20.
NASA regains space station contact after Houston power problem
The two-way communication between NASA’s astronauts orbiting on the International Space Station and Mission Control had to overcome a major hurdle on Tuesday morning after power issues in Houston.
ISS Program Manager Joel Montalbano said the team in Houston lost command, telemetry and voice with the orbiting station around 9 a.m. EDT and was not able to regain communication for about 90 minutes.
“It wasn’t an issue on board. That was purely a ground problem,” he said. “At no time was the crew or the vehicle in any danger.”
NASA was able to get into contact with its crew with the help of the Russian partners on the station about 20 minutes after the problem arose.
Montalbano said that they had a backup control center in place already because they knew work was being done in Houston to upgrade Johnson Space Center’s power systems. That work ended up taking out the power on the first floor, which caused the break in communication.
The flight control team was able to remain at JSC and use the hardware that went active at the backup command center to regain full communication with the ISS.