While UPS (UPS) said most of the costs of the contract are “front-loaded,” the deal increases wage and benefit costs at a 3.3% compound annual growth rate over the lifetime of the agreement.

Two years ago, the Teamsters union secured a landmark commitment from UPS: the promise of air conditioning in new delivery trucks purchased after Jan. 1, 2024. It was something the union had ...

UPS offers buyout to union drivers, drawing ire from Teamsters Jul. 03, 2025 10:26 AM ET United Parcel Service, Inc. (UPS) Stock AMZN By: Amy Thielen, SA News Editor 212 Comments ...