UPS Profit Tanks on Lower Volume and Higher Labor Costs
United Parcel Service (UPS) reported earnings this morning that saw first quarter profits decline 35% year over year the package handler's profit margins have been squeezed. Fewer packages are being shipped and after last year's labor disputes, wages are sharply higher. The company has tried to offset this decline with layoffs. Elsewhere General Motors (GM) reported a big jump in profits driven entirely by higher prices for vehicles.
Support the Channel on Patreon: / nobodyspecialfinance
Support the Channel by Buying Me a Coffee
https://www.buymeacoffee.com/nobodysp...
Support the Channel with Melon Merch by TeeSpring:
https://nobody-special-finance.creato...
Join My Discord for More Discussion, Q&A, and News: / discord
Affiliate Links:
Use this link to get $10 in free Bitcoin with Swan: https://www.swanbitcoin.com/NobodySpe...
Recommended reading (Amazon Affiliate links):
Rich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/3rJvA7Y
Atomic Habits by James Clear: https://amzn.to/423Odoy
Why We Need The Fed (blank gag book) by Joe Brown: https://amzn.to/403amBS
Follow me on Twitter: / jg_nuke
Follow me on Gettr: https://gettr.com/user/nobody_special_
Follow me on Gab: https://gab.com/NobodySpecialFinance
Follow me on Reddit: / jg-nuke
#UPS #inflation #recession
Watch video UPS Profit Tanks on Lower Volume and Higher Labor Costs online, duration hours minute second in high quality that is uploaded to the channel Nobody Special Finance 01 January 1970. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 8,554 times and liked it 1.2 thousand visitors.
