"UPS and Teamsters Reach New Labor Contract, Avoiding Strike"

UPS has offered the Teamsters a revised counterproposal with significant movement on wages and other economic language, in an effort to prevent a strike. The labor contract between UPS and the Teamsters will expire on July 31 if an agreement is not reached. The Teamsters had previously passed a strike action vote with 97% approval. While negotiations continue, the Teamsters remain committed to leveraging a strike if necessary.