Photo: iStock | KingWu
Talks between UPS and its U.S. workers broke down early Wednesday morning with no further negotiations scheduled, increasing the likelihood of a strike weeks before their contract expires on July 31.
The stickling point appears to be wages and pension.
“Following marathon negotiations, UPS refused to give the Teamsters a last, best, and final offer, telling the union the company had nothing more to give,” the International Brotherhood of Teamsters, which represents about 340,000 full and part-time UPS workers, said Wednesday.
UPS countered that it’s proud of its “historic offer that builds on our industry-leading pay,” urging the deal be finalized.
Organized labor has been making a comeback amid taxing work conditions across logistic networks during the pandemic. Any strike would be vastly more disruptive than UPS’ last strike that led to a 15-day stoppage in 1997 with online now accounting for between 14 percent and 15 percent of retail sales.
UPS handles 21.5 million packages a day — the most in the U.S. by far — and transports about 6 percent of U.S. GDP daily. According to the Pitney Bowes Parcel Shipping Index, UPS made up 37 percent of parcel market share in the U.S. in 2022, followed by FedEx, 33 percent; USPS, 16 percent; and Amazon Logistics, 12 percent.
Hitendra Chaturvedi, a supply chain management professor at Arizona State University, told Forbes that although not as widespread, a strike would amount to “version two” of the dislocation caused by the pandemic, driving higher transportation costs, inflationary pressure and late deliveries.
With online shopping likely seeing longer waits or higher fees, store visits as well as in-store pickup could see a pickup. Other major and regional carriers may have extra capacity amid the post-pandemic slowdown in online spend but could also be overwhelmed if a strike occurred.Amazon may revisit its plans to compete for third-party delivery that were postponed over the pandemic. Andrew Townsend, president and CEO of LSO, a regional parcel delivery carrier based primarily in the Southwest, told Freight Waves. “In a pinch, I would be willing to bet that retailers would give in to using their longtime competitor as a carrier.”
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