UPS United Parcel Service Inc. Class B

UPS, Pilots Union Reach Tentative Agreement On Labor Contract Extension

UPS, Pilots Union Reach Tentative Agreement On Labor Contract Extension

LOUISVILLE, KY, Feb. 10, 2020 (GLOBE NEWSWIRE) --

  • Two-year offer to extend pilots’ industry-leading compensation through 2023
  • When ratified, the contract will provide UPS with greater predictability and operational flexibility to meet growing customer demand for UPS’s global air services

(NYSE:UPS) and the Independent Pilots Association, the union that represents the company’s 2,959 flight crewmembers, have reached a tentative agreement on a two-year contract extension.

Upon ratification, the extension will go into effect at the end of the current contract, Sept. 1, 2021 and become amendable Sept 1, 2023.

“Our pilots do a great job flying for our customers, so we’re pleased to have come to an agreement with IPA leaders to extend the existing contract,” said UPS Airlines President Brendan Canavan. “Upon ratification, we will be able to continue rewarding our personnel for their contributions to UPS’s growth and business success, while ensuring we are positioned to serve our customers in the growing global air express market.”

Key components of the tentative agreement include annual wage increases and pension enhancements.

UPS pilots will review the contract through March 10, then conduct a three-week ratification vote that will conclude on March 31.

About UPS

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. UPS was awarded company for Shipping and Delivery services by Newsweek magazine; Forbes ; and top rankings on the list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. The company can be found on the web at or and its corporate blog can be found at The company’s sustainability eNewsletter, UPS Horizons, can be found at To get UPS news direct, follow  on Twitter. To ship with UPS, visit .

Mike Mangeot, UPS Airlines
502-329-3060
 
EN
10/02/2020

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