UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump - United Parcel Service (NYSE:UPS), FedEx (NYSE:FDX)

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UPS Earnings Show The Weight Of $170,000 Salaries While It Learns To Navigate Shipping Slump - United Parcel Service (NYSE:UPS), FedEx (NYSE:FDX)

A substantial slowdown in the shipping business caused United Parcel Service, Inc. (NYSE:UPS) to deliver lackluster first-quarter results on Tuesday. When compared to the same period last year, revenue declined 5.3% and operating profit was down 31.5% when adjusting for inflation.  The large drop in operating profit stems from recent salary negotiations between UPS and the Teamsters, the labor union that represents the company's employees.  The …