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UPS finds way to steer through treacherous Q4 waters

January 31, 2023

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UPS Inc. navigated through a turbulent fourth quarter in decent fashion, posting revenues on Tuesday that were below consensus but reporting on-target adjusted operating margins and a modest year-on-year gain in diluted earnings per share that was still higher than analysts’ estimates.

At the same time, the Atlanta-based transport and logistics giant guided its 2003 top line downward, and its CFO warned of a “bumpy year” ahead.

Part of that bumpiness no doubt revolves around the uncertainty on contract negotiations with the Teamsters union, which represents about 350,000 employees. The current five-year agreement expires July 31, and union leaders have warned that if a contract is not agreed to by Aug. 1, they will call UPS workers out on strike.

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