UPS, Teamsters Union Stare Down Largest Strike Since 1959 As Contract Talks Break Down
Portfolio Pulse from AJ Fabino
United Parcel Service, Inc (UPS) is facing a potential labor strike by the Teamsters Union, which represents 340,000 UPS workers. The union's contract is set to expire at the end of July, and negotiations for a new contract have broken down. The union is demanding higher pay, more full-time jobs, removal of surveillance cameras from delivery trucks, and wage parity. A strike could disrupt national supply chains and delay package deliveries. UPS's competitors, FedEx Corp (FDX) and Amazon.com, Inc (AMZN), could potentially benefit from the strike.
July 05, 2023 | 4:41 pm
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NEGATIVE IMPACT
Deutsche Bank has cautioned that UPS shares are likely to underperform until a new labor agreement is reached.
Deutsche Bank's caution about UPS shares underperforming until a new labor agreement is reached could lead to a decrease in UPS's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
UPS is facing a potential labor strike which could disrupt its operations and negatively impact its stock price.
The potential labor strike could disrupt UPS's operations, leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
The labor unrest at UPS is a critical example of the broader labor unrest in the U.S., as seen with the Starbucks strike.
The mention of Starbucks in the context of labor unrest does not directly impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Amazon could potentially benefit from a labor strike at UPS.
If a labor strike occurs at UPS, Amazon could potentially gain market share, leading to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
FedEx could potentially benefit from a labor strike at UPS.
If a labor strike occurs at UPS, FedEx could potentially gain market share, leading to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50