UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.
UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.
The headline makes it sound like it was because of the Teamsters deal. Typical liberal ploy. The article summarily points out two factors for lower revenue. 1) Customers that went with competitors to mitigate risk in case of a strike and 2) lower volume of sales due to shift in consumer spending habits toward "travel, movies, eating out and live events"
And if you thought there was any reason to be nervous about anything, no. It's truly business as usual.
🙄
Literally the 2nd to last sentence of the article. Talk about burying the damn lede.