In its 116-year history, UPS Inc. has proved very adept at skinning the parcel-delivery cat. That reputation for resilience will be tested again.
A new five-year contract with the Teamsters union, ratified by the union’s rank-and-file Aug. 22, imposes a significant cost burden on UPS (NYSE: UPS) during its first year. The initial payout, which has been estimated at an 8%-9% increase over the prior contract’s most recent levels, is retroactive to Aug. 1.
UPS will try to extract higher prices from...
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