Between the lines: The delivery driver strike that would set records

UPS logo
The UPS logo. Photo: Smith Collection/Getty Images

UPS and the Teamsters union, which represents 260,000 of the delivery service's workers, are deadlocked on collective bargaining negotiations — as the company aims to offer delivery services seven days a week — and they don't seem to be close to an agreement as the union has already voted in favor of a strike, reports CNN.

Why it matters: The deadline for the two sides to come up with a new arrangement is August 1, and if they fail to do so it could lead to a devastating strike that may disrupt the nation's economy.