UPS and Teamsters Reach Tentative Agreement on Contract

Union membership still needs to ratify the contract to avert a strike.

UPS driver unloads a truck.
(Image credit: Getty Images)

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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Esther D’Amico
Senior News Editor

Esther D’Amico is Kiplinger’s senior news editor. A long-time antitrust and congressional affairs journalist, Esther has covered a range of beats including infrastructure, climate change and the industrial chemicals sector. She previously served as chief correspondent for a financial news service where she chronicled debates in and out of Congress, the Department of Justice, the Federal Trade Commission and the Commerce Department with a particular focus on large mergers and acquisitions. She holds a bachelor’s degree in journalism and in English.