UPS

Whatever the reason, shareholders seem to love hearing that jobs cuts are coming.

Delivery giant grows its network of sites where customers can send back packages by adding 10,000 Happy Returns drop-off locations.

Shipping companies need to cover their higher costs, but there's a limit to how much they can pass on to customers.

The company posts a revenue dip and says the pay levels in the new labor agreement with the Teamsters are higher than it had planned.

The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.

The last strike occurred more than 25 years ago — before the delivery business exploded. The current contract expires next week.

The last time UPS workers went on strike was 1997. It lasted 15 days, and cost $850 million. 

Retailers are worried that inflation and fear of a potential recession will impact holiday spending.

Companies that deliver packages have had to expand capacity to handle surges and upgrade safety measures.

Recent problems at the USPS could lead to more businesses using private companies for shipping — and that could have consequences for workers.