shares of united parcel service inc ups dropped 56 toward a sixweek low in premarket trading tuesday after the package delivery giant reported secondquarter revenue that fell short of expectations and cut its fullyear outlook citing the volume impact from labor negotiations net income fell to 208 billion or 242 a share from 285 billion or 325 a share in the yearago period excluding nonrecurring items such as tk adjusted earnings per share of 254 beat the factset consensus of 249 revenue declined 109 to 2206 billion below the factset consensus of 2304 billion among ups’s business segments us domestic package revenue declined 69 to 1440 billion to miss the factset consensus of 1492 billion international package revenue dropped 13 to 442 billion to miss expectations of 471 billion and supply chain solutions revenue sank 234 to 324 billion below forecasts of 355 billion for 2023 the ups cut its revenue guidance to 93 billion from 97 billion “primarily to reflect the volume impact from labor negotiations and the costs associated with the tentative agreement reached with the international brotherhood of teamsters on july 25 2023” the stock has gained 48 year to date through monday while the dow jones transportation average djt has advanced 224 and the dow jones industrial average djia has tacked on 70