Potentially hundreds of thousands of unionized United Parcel Service (UPS) workers could strike in the near future, in a move that could significantly impact the U.S. economy.
UPS has previously stated that it transports some 6 percent of the U.S. gross domestic product (GDP) on a daily basis and about 3 percent of the worldwide GDP, according to a news release. It means that a nationwide strike could have far-reaching effects on commerce, while impacting Americans’ orders and package-delivery services.
Global shipping firm Pitney Bowes says UPS has about about 37 percent of the United States’ total parcel market share among shippers in 2023, while it averaged about 24 million packages per day last year. FedEx has about 33 percent of the parcel market share, the U.S. Postal Service has 16 percent, and Amazon has about 12 percent, the firm said….