Deadline Looms for UPS Union Contract

While the new labor contract at UPS is expected to pass the vote on June 22, in the video below, Fool analyst Blake Bos tells investors that they will want to watch that vote very carefully. A strike back in 1997 cost UPS $650 million in lost business, and any such similar disruption now could be a catastrophe and a huge win for competitor FedEx . Blake describes the relationship between management and workers at UPS, and tells investors some of the key labor challenges that the company will face going forward.

The best investing approach is to choose great companies and stick with them for the long term. The Motley Fool's free report "3 Stocks That Will Help You Retire Rich" names stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

The article Deadline Looms for UPS Union Contract originally appeared on Fool.com.

Blake Bos has no position in any stocks mentioned. The Motley Fool recommends FedEx and United Parcel Service. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.