Contract negotiations between United Parcel Service and the Teamsters union stalled last week, heightening the odds of a UPS strike in early August — as well as shake-ups in an increasingly competitive package delivery market.
A nationwide walkout by 340,000 UPS workers would be the largest strike against a single employer in U.S. history, and the first at UPS since 1997. Consumers and industries across the country could see significant disruptions to package deliveries.
The package delivery industry has become more competitive since the 1997 UPS work stoppage, which lasted 15 days and cost the company $850 million. UPS is now more vulnerable than before to losing a portion of its business in the event of a strike.