UPS Faces Potential Strike Threat As Union Demands Higher Wages

Members of the Writers Guild of America join UPS Teamsters during a rally ahead of possible UPS strike, in Los Angeles, California, on July 19, 2023. The current UPS contract expires July 31. The Teamsters represent about 340,000 workers, meaning a strike would be the biggest in decades. (FREDERIC J. BROWN/GETTY IMAGES)

After 12 months in a row of easing inflationary pressures, a new danger might be around the corner, threatening disruptions for the nation’s supply chain.

United Parcel Service Inc. (NYSE:UPS), the world’s largest publicly listed package courier, is in talks with the International Brotherhood of Teamsters for a renewal of its important private sector union contract, which affects around 340,000 workers.