Teamsters, UPS Sign Handshake Agreement

On Friday, UPS and the Teamsters reached a handshake agreement on a new union contact.

Brynn Anderson, File / Associated Press

After months of negotiations, Atlanta-based UPS and the Teamsters have tentatively agreed on a new master union contract.

UPS is the nation’s largest employer of Teamsters. Friday’s handshake agreement would cover more than 200,000 small package employees.

The contract includes bigger pension benefits and a $4.15 per hour wage hike for full-time employees over five years. Part-time workers would get an immediate starting pay bump from $10 to $13.