NYC Mayor backs bill forcing Amazon to directly employ last-mile delivery workers

Regulation
โดย Seeking Alpha·US·Read original
Summary · why it matters

New York City Mayor Zohran Mamdani is backing a bill that would require last-mile delivery companies to directly employ workers instead of using third-party subcontractors. The Delivery Protection Act, introduced by Council Member Tiffany Cabán, would create a licensing system for certain last-mile warehouses and set minimum safety, training, and worker protection standards, holding the facility operator responsible for employing workers there. While Amazon is the main target, companies like FedEx and UPS would also be affected. Amazon has warned the bill could force it to relocate delivery operations outside New York City, and the Teamsters union claims Amazon spent over $5 million on lobbying against the measure.

Impact on stocks 3

Industrials▼ · 2 stocks
FedEx Corporation
FDX
▼ NegativeRegulationrelevance

FedEx would also be affected by the bill's requirements for direct employment and licensing.

United Parcel Service Inc
UPS
▼ NegativeRegulationrelevance

UPS would also be affected by the bill's requirements for direct employment and licensing.

Artificial Intelligence▼ · 1 stocks
Amazon.com Inc
AMZN
▼ NegativeRegulationrelevance

Bill would force Amazon to directly employ last-mile workers, raising costs and potentially forcing relocation.

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