The American Prospect: The Shipping Point

July 21, 2009: On May 14, Wal-Mart released its first-quarter financials for 2009 and announced that despite the recession -- or, perhaps, because of it -- business was booming. Shoppers in search of cheaper products had been flocking to its stores: A full 17 percent of its customers during the quarter were first-timers. The company had been able to exploit the downturn by reducing its legendarily bare-bones distribution expenses by an additional 5 percent. In keeping with its practice of compelling its manufacturers, shippers, truckers, and warehouses to continually cut costs, Wal-Mart had been able to "sweat the assets" in its distribution network more than usual, said Eduardo Castro-Wright, head of the company's U.S. division.

Click here to read more at The American Prospect.

Get Advice Join TDU Donate

Recent News

UPS Teamsters United Zoom Event: Moving from Problems to Solutions

Join a UPS Teamsters United national zoom event to talk about how we can move from problems to solutions in upcoming negotiations and how you can get involved in the UPS contract campaign, Sunday, October 16 at noon ET / 11am CT / 10am MT / 9am PT.

Rank-and-File UPSers Share Sample Contract Proposals

Rank-and-file UPSers have compiled sample contract proposal ideas for the National Master Agreement. Click here to see what they've come up with. And make sure you attend your local union’s proposal meeting.

View More News Posts