Massive UPS Strike Could Hit U.S. GDP: CNN

The Teamsters union is holding a vote right now among more than 330,000 members to authorize a strike against UPS.

Photo Insert: If UPS workers strike, it would be the largest single-employer strike in US history. And it could take place in less than eight weeks.

If UPS workers strike, it would be the largest single-employer strike in US history. And it could take place in less than eight weeks, Chris Isidore reported for CNN.

A strike could be devastating for both the company and the overall US economy, which is only recently seeing improvements from strained supply chains during the pandemic. At least 6% of the US gross domestic product (GDP), the broadest measure of the economy, moves in UPS trucks, according to the company.

FedEx and the US Postal Service won’t be able to make up for that. UPS (UPS) is simply too big – delivering an average of 17 million domestic packages a day – to have all the packages it handles moved by competitors.

The strike, if it happens, couldn’t come at a worse time for retailers stocking up for the back-to-school shopping season and preparing for the end-of-year holidays.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic