July 21, 2024

UPS strike would trigger pandemic-era supply chain issues, expert says

As talks between UPS and the union that represents more than 300,000 delivery drivers break down, a strike this summer is looking more likely. That could impact 25 to 30 percent of parcels and packages shipped in the U.S.

The Teamsters represent 340,000 UPS workers. If a strike does happen, it would be the first since a 15-day walkout by 185,000 workers crippled the company a quarter century ago.

Since then, UPS has become an even bigger part of the U.S. economy. UPS says it delivered 24.3 million packages daily in 2022, totaling 6.2 billion packages by year’s end. That’s about a quarter of all U.S. parcel volume, according to the global shipping and logistics firm Pitney Bowes.