Teamsters Rally at New York City Hall to Push for Delivery Protection Act Vote
Yahoo Finance ·
On October 22, 2026, hundreds of Amazon workers and Teamsters members gathered at New York City Hall alongside Mayor Zohran Mamdani and other local officials to demand that Council Speaker Julie Menin immediately schedule a vote on the Delivery Protection Act. Authored by Councilmember Tiffany Cabán, the legislation would mandate facility registration for delivery giants like Amazon and outlaw subcontracting for last-mile drivers across the five boroughs. Amid the protest, Amazon shares dropped 4.82%. Teamsters General President Sean M. O'Brien lambasted Amazon's subcontracting practices, while Mayor Mamdani echoed support for worker dignity. To counter the bill, Amazon has deployed over 8 million dollars in dark money for its largest lobbying campaign in New York history. Founded in 1903, the International Brotherhood of Teamsters represents more than 1.3 million workers across the United States, Canada, and Puerto Rico.
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A large-scale rally urging the passage of the Delivery Protection Act was held at the New York City Council, dealing a heavy blow to Amazon as its stock price dropped by 4.82%. The bill includes provisions to completely ban subcontracting in last-mile delivery and mandate facility registration, which is expected to increase corporate operating costs. Amazon has poured over $8 million into lobbying to block the bill, but facing fierce backlash from labor unions, short-term downward pressure on its stock price is mounting.
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- Retail — Amazon spent over $8 million in lobbying funds to block the enactment of the Delivery Protection Act, and there are concerns that operating costs will surge due to the future ban on subcontracting, acting as a direct negative factor for the stock price.
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Amazon is facing regulatory risks such as a ban on delivery subcontracting and increased accountability due to the push for the New York City Delivery Protection Act, acting as a direct negative factor for its stock price. In particular, if the cost-reduction structure through the Delivery Service Partner (DSP) model is hit, deterioration in profitability is inevitable.
If the bill is passed following the upcoming NYC Council vote, there is a high risk that it will spread to nationwide similar regulations, with increased lobbying costs and reduced operational efficiency expected to act as major stock-down factors. Investors should closely monitor the legislative progress and changes in Amazon's logistics operation strategy.
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