UPS is on the brink of a strike. A 10-day work disruption would be the costliest in modern history.
It's also possible that brick-and-mortar locations — which have been under constant threat from online shopping over the past two-plus decades — will get a boost, as a potential delivery slowdown leads to aWhile FedEx, USPS, and other carriers could step in to ease the blow, that would only be for a fraction of the affected cargo. For context, UPS handles around 28% of packages delivered in the US, and estimates that it transports 6% of US GDP on a daily basis.
Both sides have recently accused the other of walking away from the bargaining table. UPS has stated the Teamsters stopped negotiating on July 7"despite strong proposals from the company that build on our industry-leading pay and benefits for our full-time and part-time employees." The company said July 14 it is"ready to get back to the negotiating table and finalize a deal.
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