Economics professor says UPS deal 'not a surprise'

United Parcel Service trucks are seen parked at a distribution facility, Friday, June 30, 2023, in Boston. (AP Photo/Michael Dwyer, File)

When WABE’s Jim Burress spoke to Emory’s Goizueta Business School economics professor Tom Smith about the possibility of a UPS strike looming, Smith predicted the two sides would reach an amicable settlement.

He says UPS unionized workers and management share a symbiotic relationship where each depends on the other to function, so reaching an agreement was always in their best interest.

UPS announced today that the company has reached a 5-year contract with the International Brotherhood of Teamsters for the more than 340,000 UPS workers they represent.

The offer includes increased wages, improved benefits and upgraded safety measures for drivers.

Union members now must vote to ratify the agreement.