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UPS lowers 2023 forecast after Teamsters union agreement
UPS lowers 2023 forecast after Teamsters union agreement
Business and Economy
by  AFP

UPS lowered its full-year outlook on Tuesday, citing the volume effects and higher costs of its recent labor negotiation as the shipping company reported a drop in quarterly profits. Profits in the second quarter dipped five percent to $2.1 billion, while revenues dropped 11 percent to $22.1 billion.