UPS today announced a tentative agreement for a new Master UPS Freight Agreement with the International Brotherhood of Teamsters. The five-year agreement, which is subject to ratification, covers about 11,000 Teamsters-represented UPS Freight employees.
UPS’s goal for the freight and small package agreements has been to reward the company’s employees for their contributions to its success while enabling the business to remain flexible to meet its customers’ needs. Meeting these goals for both the freight and small package agreements, UPS is poised for continued growth supported by greater flexibility to meet the needs of its customers.
With agreements now reached for both the freight and small package national master contracts, discussions continue for small package supplements and local agreements. Strong progress has been made on many local small package agreements and supplements, including a handshake agreement covering more than 100,000 Teamster-represented UPS employees located in the Central Conference, the Southern Conference, and Oregon / Idaho, among others. Other local agreements and supplements continue to be negotiated.
The new agreements will go into effect August 1, 2018, once they are ratified by employees.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com or pressroom.ups.com and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, follow @UPS_News on Twitter.
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