Teamsters union vows UPS will be 'in for a hell of a fight' over jobs cull
“UPS will be in for a hell of a fight” said the Teamsters Union yesterday, ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
Oh dear. There is always (at least) one. This year it’s UPS’s turn to battle the holiday surge in e-commerce volumes. It seems that despite 95,000 extra workers, it is not meeting delivery targets and is adding a day or two to transit times. This is the first year UPS has added surcharges during peak periods, but that does not appear to have dented demand, and it has told some workers that it might raise the number of hours drivers work to 70, over eight days, rather than 60 in seven days. This has not gone down very well with the Teamsters union. According to third-party data, UPS has shipped 89.2% of parcels on time, compared with 99.4% shipped by FedEx.
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