Teamsters Vote to Authorize Strike Against UPS If Labor Deal Not Reached

The Teamsters union representing UPS workers has voted to authorize a strike if no agreement is reached on a labor contract before July 31.
Negotiations between the Teamsters and UPS began on April 17, and the current contract will expire at midnight on July 31.
A strike could have more drastic consequences than in 1997, including slower delivery of goods, higher prices on products and shipping, and another breakdown of the modern supply chain.
UPS, ships about 24 million packages per day and handles roughly one-fourth of all U.S. parcel volume.
A strike would carry potentially far-reaching implications for the economy as UPS delivers the equivalent of about 6% of the nation's gross domestic product.