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 340,000 UPS employees, the majority of its workforce.
This cost the integrator about a million parcels a day as customers shifted traffic to other operators, worried …
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