Tag: UPS

United Parcel Service wrapped up negotiations on a new contract with the International Brotherhood of Teamsters when it reached agreement Sunday evening with a union local in Chicago representing 7,500 UPS workers there.
Frank Wsol, secretary-treasurer of Teamsters Local 710, said the basic financial package mirrors the national agreement reached by the Teamsters and UPS on July 16, but that the local agreement also includes significant pension improvements.
Wsol said he expects ballots will be mailed out in about six weeks to members of Local 710 employed by UPS. Earlier last week, Local 705 in Chicago, representing 13,000 UPS employees, also settled with the company.
The agreement followed 14 hours of negotiations on Saturday and a full day of talks on Sunday, Wsol said.

United Parcel Service Inc. (UPS), in a move that will heighten the competition for ground deliveries, is rolling out money-back guarantees for all U.S. residential shipments through its far-flung trucking system, The Wall Street Journal learned Wednesday.
The new UPS guarantees, taking effect Thursday, are the biggest enhancement to service commitments of the world’s largest package carrier since it began guaranteeing all U.S. business-to-business shipments in 1998.
The residential-shipment guarantee could help UPS blunt a growing ground attack from FedEx Corp. (FDX), which already offers a money-back guarantee on ground-based home deliveries and has seen its ground-delivery volume grow at a much faster rate than UPS during the past five quarters. FedEx’s home-delivery operation reaches 90% of the U.S. population, according to a company spokeswoman, but is accelerating its expansion to the rest of the country.

United Parcel Service’s Teamster employees will get substantial pay increases, and the carrier will add 10,000 new union jobs, according to the terms of a tentative contract agreement.