'A 10-Day Strike Would Cost UPS About $7 Billion:' Expert on UPS-Teamster Deal

UPS and the Teamsters have reached a tentative deal on a new contract. this could potentially avoid a strike, which could have started as soon as next week and crippled US supply chains. The tentative agreement still needs to be ratified by about 340,000 Teamsters at UPS to end the threat of a strike altogether. That ratification process will take a little more than three weeks. A no vote by membership could still trigger a strike, but that walkout would now take place in late August, not the original August 1 strike deadline. Mark Mix, president of the National Right to Work Foundation, gives his expertise on the deal.