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Kiplinger
Kiplinger
Business
Esther D’Amico

UPS and Teamsters Reach Tentative Agreement on Contract

UPS driver unloads a truck.

The United Parcel Service (UPS) and the International Brotherhood of Teamsters announced a tentative five-year agreement Tuesday, averting a strike for now that could have caused a major disruption of delivery services.

Negotiations between the delivery service - which counts Amazon as a major customer - and its union members broke down on July 5 over issues including wages and benefits for part-time employees. Late last week, the two parties said they would resume talks this week and hoped to reach an agreement before the current contract expires on Aug. 1.

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