FedEx Positions For Overflow Amid Anticipated UPS Strike, Advises Customers To Start Shipping Now
Portfolio Pulse from AJ Fabino
FedEx Corp (FDX) is preparing for a potential strike by workers at United Parcel Service, Inc (UPS). The Teamsters Union, representing nearly 340,000 UPS workers, is threatening a large labor strike as negotiations for a new contract have reportedly stalled. FedEx is encouraging potential customers to start shipping with them now to protect its existing customer capacity and service during the anticipated industry disruption.
July 06, 2023 | 8:17 pm
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POSITIVE IMPACT
FedEx is positioning itself to accommodate any overflow of business due to the potential UPS strike. This could lead to an increase in business for FedEx in the short term.
FedEx is actively preparing for the potential UPS strike and encouraging customers to start shipping with them now. This proactive approach could lead to an increase in business for FedEx, potentially positively impacting their stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UPS is facing a potential strike from the Teamsters Union, which could disrupt their operations and negatively impact their stock price in the short term.
The potential strike at UPS could disrupt their operations, leading to a decrease in business and potentially negatively impacting their stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100