After weaker results in the second quarter, UPS has lowered its revenue projection for the year by a whopping $4bn, citing lost business and higher costs.

But management attributed much of the decline in results to the contract negotiations with the Teamsters union, which represents about ...

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  • Francis Kirkwood

    August 09, 2023 at 3:30 pm

    It could be possible to pick up volumes by due to the demise of Big Yellow, parcel delivery can only grow Year by year anyway due to the demographics of an older population and the introduction of low emission regulations which are becoming more prevalent in the U.K. and other European countries.