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UPS reaches 5-year contract with Teamsters

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UPS $85.71 +$0.29

at close on FRIDAY

By The Associated Press
Friday, April 26, 2013, 9:17 p.m.

UPS and the Teamsters union say they have reached tentative deals on five-year contracts covering workers in the company's small-package and freight business units.

The union says the contracts cover nearly 250,000 workers.

Teamsters describe the contract as the largest collective bargaining agreement in North America. It says the tentative deal gives workers in that unit “substantial” pay raises.

The union says the UPS Freight deal includes provisions that could lead to more part-time workers to become full-time.

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