) slip Thursday morning after reporting mixed third-quarter earnings, missing on revenue. The courier narrowly averted a labor strike and agreed to a new labor deal
"One of the big surprises in the quarter was the very narrow operating margins in the U.S. business: 4.5%. Usually, those are double-digit or close to mid-teens," Eade tells Yahoo Finance."But, you can see what happened with the strike negotiation, and the impact the strike negotiations had on volume. They just weren't able to lower the fixed costs as quickly.
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