Postal Service lack the capacity to absorb the nearly 20 million packages a day UPS would stop delivering, according to Bloomberg. There will be some empty shelves, higher prices and slower package deliveries for customers if the strike lasts longer than a week, experts told the outlet.Ĭompetitors such as FedEx and the U.S.
Larger companies could be better prepared to navigate a strike than smaller ones, John Haber, formerly a part of UPS’s corporate finance office, told CNN.
parcel volume, according to the global shipping and logistics firm Pitney Bowes. UPS delivers about 25 million packages a day, representing about a quarter of all U.S. The company says it delivers the equivalent of about 6% of the nation’s gross domestic product. A strike would have far-reaching implications on the economy. Since the 1997 strike, UPS has grown to become a crucial part of the U.S. How would a UPS strike impact deliveries? The current contract between UPS and the Teamsters union representing its rank-and-file workers will expire at midnight July 31. Negotiations between the Teamsters and UPS began April 17. Ninety-seven percent of unionized workers voted to authorize a strike, and that gives negotiators leverage and the option to strike if demands are not met. The last time UPS workers decided to strike was more than 25 years ago when 185,000 workers walked out for 15 days, crippling delivery services.Ī strike authorization does not mean a strike is imminent. If the 340,000 UPS Teamsters decided to strike, it would be the largest single-employer strike in U.S. Earlier this month, the Teamsters union representing UPS workers voted to authorize a strike if no agreement is reached by July 31, when the existing contract, signed in 2018, will expire.Ī UPS strike would be historic. The Teamsters Union has been in negotiations with UPS since mid-April. According to a press release, the International Brotherhood of Teamsters walked away from negotiations with UPS Wednesday after the company presented a new contract that did not meet the demands of the union. The Teamsters union says a UPS driver strike is "inevitable" if UPS does not return a " best and final offer," by Friday.
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