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An agreement between the Teamsters and Central States Funds averts, for now, a strike that could have begun as soon as July 24 against Yellow Corp.

A potential strike by 340,000 unionized workers at UPS Inc. threatens to unravel progress in tackling two of the U.S. economy’s biggest hurdles: inflation and supply chain disruptions.

Dockworkers might be rethinking their position on a tentative deal after calling off a renewed strike this weekend at Canada’s west coast ports, according to Prime Minister Justin Trudeau.

Workers at Canada’s west coast ports withdrew plans to go back on strike, hours after threatening to restart a disruption that would have paralyzed  the country’s busiest maritime hub.

UPS Inc. and its union will resume labor talks July 25 after negotiations had stalled earlier this month as the company seeks to head off a strike that could occur as early as Aug. 1.

UPS Inc. plans to train nonunion employees to deliver packages in the event of a labor disruption in the U.S., underscoring the potential for a strike as a crucial negotiating deadline nears.

UPS on July 11 pushed to Aug. 8 the release date for its second-quarter financial report, a week after its labor contract with the International Brotherhood of Teamsters is set to expire.

Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.

A strike by UPS workers if a new labor agreement isn’t reached with the Teamsters would hold significant implications across the supply chain, industry analysts said.

Negotiations on a new labor deal between UPS Inc. and the Teamsters stalled July 5 after showing promise over the weekend, renewing concern that workers could strike at the end of the month.